Representatives of Cen Land and Dwell signed the strategic partnership agreement.
According to the partnership agreement between two parties, Dwell Realty Vietnam Co., Ltd. will buy more than 100 apartments on the floors: 11, 17, 33, 35, 37 of Euro River Tower (Eurowindow River Park project - Dong Anh, Hanoi) to market and sell to Hong Kong customers.
Shark Pham Thanh Hung – Cen Group vice chairman made the opening speech.
In Vietnam, Cen Land is known as a leading and professional real estate agency and secondary investor. With about 20 years of experience in the real estate and market awareness, all products sold by Cen Land are carefully appraised for legality, liquidity and potential.
Cen Land has been marketing and selling numerous projects across the country; the strategic partner of hundreds of major developers. For many years, Cen Land is ranked Top 1 in the brokerage market.
Dwell Realty Vietnam Co., Ltd is an experienced company in the field of real estate, Dwell is committed to screening real estate projects with the highest investment value. With management experience, Dwell offers reasonable solutions and brings the most effective investment for customers.
Representative of Dwell shared investment opportunities at Eurowindow River Park
Dwell said that northeastern real estate in Hanoi is a potential market with prime location, near the Red River and Duong River, connecting Dong Anh and Long Bien with industrial clusters: Vinh Phuc, Bac Ninh, Hung Yen, etc. A large number of investors and experts from Hong Kong who are working in these industrial parks. These target customers will continue to increase after the pandemic when many large corporations relocate factories to Vietnam.
Through surveys and researches by Dwell, Eurowindow River Park is an attractive project on Truong Sa road, 15-minute drive to Noi Bai International Airport, holistic infrastructure and profitability potential.
At the event, Alex Guo - Property Management Director cum co-founder of Dwell Realty Vietnam said: The reason Dwell chose to invest in Eurowindow River Park is because the project is similar to Canary Wharf projects in London in the 1980s, Lujiazui projects in Shanghai in the 1990s and Olympic Park in Sydney in the 2000s. These projects all have one thing in common: infrastructure development, high annual population growth, so the chance of success is huge.
Alex Guo compared Eurowindow River Park as Lujiazui project, Shanghai 21 years ago. At that time, the price of Lujiazui was USD 1,500/m2, but 20 years after the Metro lines, exhibition centers, high-rise buildings were built, this area became the new financial center of China and the current price is over USD 15,000/m2, the rent is USD3,500/month. The same thing will happen at Eurowindow River Park project, Dong Anh district, Hanoi.
Eurowindow River Park is in the stage of completion, can be handed over in the fourth quarter of 2020 with full facilities: 1,700m2 shopping center, walking garden on the 4th floor, 4-season swimming pool, Sky Bar, gym, spa, luxury lobby, etc. The project is suitable for criteria of renting and buying houses of foreigners. That is the reason why Dwell has decided to buy more than 100 Eurowindow River Park apartments to sell and market to Hong Kong customers.
In order to increase the value and attractiveness of the project to foreign investors, Cen Invest signs a cooperation agreement with the world's top 5 hotel management brand to manage and operate Euro River Tower apartments and commit a rental income of 10 per cent/year for five years. After 5 years, when Dong Anh officially becomes a district, Tu Lien Bridge connecting Dong Anh to the center of West Lake comes into operation, profitability potential will continue to increase.
At the event, two parities expect that the cooperation between Cen Land and Dwell will open the next strategic projects, bringing new breakthroughs in the sale of quality products to foreign investors, especially Hong Kong customers.
Sales agency: Cen Land
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