As the real estate market gradually recovers, long-term investors prioritize 'dual profits' - properties with high rental yields to secure stable income over the next three to five years, and to benefit from anticipated increases in property values as the market rebounds.

Binh Duong remains third only to Ho Chi Minh City and Hanoi in attracting foreign investment, having 4,322 projects with a total registered capital of over US$41 billion as of June 2024. The surge in FDI has also drawn more than 45,000 professionals from 65 countries to work long-term, making Binh Duong a 'promising land' for rental property investors.

Binh Duong has become a prime destination for real estate investment. (Source: Internet)

According to Navigos Search, with monthly incomes ranging from US$8,500 to US$34,000 (equivalent to VND 2.55 billion to VND 10.2 billion per year), foreign managers and engineers are willing to spend more to own a private living space and enjoy premium amenities. However, the rental property market faces a paradox of 'too much and too little' - an oversupply of affordable apartments, but a shortage of high-end projects that meet the living standards of expatriates.

"I’m planning to sell my high-end apartment in Saigon to invest in Binh Duong properties and rent it out to the foreign professionals living and working here, as they often sign long-term leases of three to five years following their contract duration. By doing that, I will have an additional 6-7% profit from renting out, on top of 30-40% from property appreciation in the next few years. The problem now is the limited availability of projects that meet the needs of this group of tenants." said 42-year-old Minh Tan from Ho Chi Minh City.

Similarly, Tran Le, 39 years old living in Binh Duong, has been eyeing some projects in the local - the central nucleus known for the best infrastructure in the province today, having numerous four to ten lane highways connecting to key industrial zones and adjacent to the administrative, commercial and entertainment centre aiding to enhance the rental value of real estate in the area.

Through years of renting to foreign professionals, he revealed that it's not just single expats, but many professionals, who bring their families to Vietnam, also seek for quality project. Spacious, comfortable apartments in a secure and private environment that comes with a full range of amenities, giving them a sense of ‘home away from home’, which results in their willingness to pay high rents for long-term stays.

At the heart of Binh Duong New City (BDNC), master development Sycamore crafted by CapitaLand Development offers 3,500 apartments across low-, mid- and high-rise buildings, creating a vibrant community for approximately 13,000 residents within 18.9 hectares.

Orchard Hill comprises two residential towers (Source: Sycamore)

The Orchard, Sycamore’s first landed phase, featuring 368 units with The Canopy Clubhouse offering exceptional amenities, was successfully launched. Recently, Orchard Hill has been introduced as the first high-rise phase of master development Sycamore. Comprising 774 units across two 24-story towers naming Orchard Hill I and Orchard Hill II, the project provides a diverse range of unit types, from spacious one-bedroom, three-bedroom apartments to luxurious duplexes and penthouses. All come with high quality amenities, redefining a new standard for premium living in the area.

Orchard Hill's premium amenities cater to the needs of foreign professionals. (Source: Sycamore)

Orchard Hill also caters to the living, connecting and entertainment needs of expats. Located in the heart of BDNC, the project offers easy access to commercial and entertainment complexes such as the AEON Mall, Hikari and WTC Gateway. Professionals and their families can look forward to the convenient connections to international hospitals and international schools, such as the Singapore International School and Viet Hoa School.

Project: Sycamore

Address: Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province.

Hotline: 1800 599 986

Website: sycamore.com.vn

Facebook: This is Sycamore