Should You Invest In The Beverly Solari?
The fourth and final phase of Vinhome Grand Park is about to be launched, The Beverly Solari, a partnership between Vingroup and Mitsubishi (Japan).
With Realtique, let go through all the important details of The Beverly Solari and from there based on your needs and views to make a decision whether to invest in The Beverly Solari or not.
The Beverly Solari is the last phase to be launched in the Vinhomes Grand Park. In the second quarter of 2022, The Beverly Solari will officially launch to the market.
The following analysis article will help investors or home-buyers interested in this project easily make the right decision:
10 DETAILS YOU SHOULD KNOW ABOUT THE BEVERLY SOLARI
1. Project Overall
2. Project Location Analysis
The Beverly Solari is located in Vinhomes Grand Park, in Long Binh and Long Thanh My wards, Thu Duc City. The scale of The Beverly Solari is about 8.78ha, located right next to Vincom Mega Mall Grand Park – one of the largest commercial centers in Ho Chi Minh City.
The location of The Beverly Solari in particular and Vinhomes Grand Park in general is surrounded by the creative hubs of Thu Duc City, in which there are 3 creative hubs located adjacent to: the National University – National Center of Educational Technology; Hi-tech Park – Automated Production Center; Tam Da – Center for Eco-technology.
The location of The Beverly Solari in the future will greatly benefit from Metro Line 1 Ben Thanh – Suoi Tien and Ring Road 3. At the present time, the connectivity of the project is also highly appreciated, in which The Beverly Solari residents only take:
- About 8 minutes to the high-tech park
- About 20 to 25 minutes to Thao Dien, Thu Thiem urban area or Landmark 81
- To connect to Tan Son Nhat airport or the center of District 1, District 4, The Beverly Solari residents only take about 30-40 minutes
3. Price Increase Triggers
Outstanding infrastructure and utilities will affect the potential price increase of The Beverly Solari, of which the most prominent is the Metro line No. 1 Ben Thanh – Suoi Tien expected to be commercially exploited by the end of 2023. In addition, the Thu Thiem 2 bridge connecting District 1 with Thu Duc City has also initially come into operation.
4. Price Analysis
Regarding the selling price, The Beverly Solari is considered to have a competitive price in the market. According to the survey, the selling price for the segment of high-end and luxury apartments in Thu Duc City has now surpassed the average mark of 90 to over 200 million VND/m2. Of these, the price of The Beverly Solari (from 60-80 million VND/m2 ~ 2,900-3,600USD/m2) is considered the best for the high-end and luxury segment.
Estimated Selling Price of The Beverly Solari:
- Studio apartment with an area of 30 – 39.4m2 priced from VND 1,499 billion ~ from 65.000 USD
- Selling price of 1+1 apartment with area 46 – 52m2 is from VND 2,399 billion ~ from 103.000USD
- Selling price of 2 bedrooms apartment with area 58.3 – 69.2m2 is from VND 2,590 billion ~ from 110.000USD
- Selling price of 2+1 bedrooms apartment with area 69.2 – 70.4m2 is from VND 3,298 billion ~ from 141.000USD
- The price of 3 bedrooms with area 81.2 – 103.3m2 is from VND 5,078 billion ~ from 218.000USD
Roadmap of price increase for the 3 subdivisions of The Beverly Solari
The Beverly Solari with 3 subdivisions The Oasis, The Tropical and The Sunset will be launched in turn from the second quarter of 2022, in which The Oasis will have the best price. Next, the subdivisions The Tropical and The Sunset will have prices increased by 8% and 17% respectively compared to the The Oasis.
5. Bank Loans (Locals Only)
Just for your reference: locals can enjoy a favorable bank loan support from the developer with the following 2 options:
- Option 1: 100% loan with 2 years interest rate free & 4 years principle free
- Option 2: 80% loan with up to 2.5 years interest rate free & 4 years principle free
6. Floor Plan
7. Unit Layouts
1 Bedroom Layout
1+1 Bedroom Layout
2 Bedroom Layout
2+1 Bedroom Layout
3 Bedroom Layout
8. Project Amenities
Oasis Style Pool
Tropical Style Receptionist Area
Golden Eagle Square
Vincom Megal Mall, Biggest in the South
36HA Grand Park
Vinschool & Vinmec Systems
VinBus Electric Buses
9. Hand-over List:
The Beverly Solari apartments will be equipped with fully fitted equipment except kitchen & wardrobes.
Should or Shouldn’t Buy/Invest in The Beverly Solari?
According to Realtique’s assessment, if you have never owned any apartment in Vinhomes Grand Park, this is a good opportunity to own for the following purposes:
- To Settle: when the whole project is completed and synchronized, this place with new infrastructure connections such as Metro line 1 and Ring Road 3, together with the planning of 6 creative hubs in the Thu Duc City will be extremely busy, will definitely create an upgraded version of Vinhomes Central Park, which in the long run will be suitable for the East development direction of the city.
- To Invest: aim to lease to professionals at creative hubs for the first few years from the handover, you will be able to get an equivalent of 3-4% rental yield/year. After a few years, wait until the entire Vinhomes Grand Park area completed and operated synchronously with infrastructure connections and creative hubs in Thu Duc City formed more clearly, the resale price will start to take off. The investment in apartments in Vinhomes Grand Park must have a long-term vision, from 7-10 years, the value of apartments here can take off, bringing profits from 80-100%.
Vinhomes is a project developer with foresight and strong financial potential, both in the South and the North. The success of the phases like The Rainbow, The Origami, The Manhattan, The Manhattan Glory at Vinhomes Grand Park or the other projects as Vinhomes Central Park (Binh Thanh District), Vinhomes Golden River (District 1)… are proof for the prestige of this developer.
Connecting Infrastructures Coming In The Next 5 Years:
- Metro Line 1: preparing to go into operation will help Vinhomes Grand Park residents connect more conveniently and better with the city center and creative hubs of the Thu Duc City
- VinBus Electric Bus Line: is initially operating and creating better conditions for Vinhomes Grand Park residents to connect with neighboring areas and creative hubs of the Thu Duc City
- Ring Road 3: Focusing on completing the Ring Road 3 by 2025 will help connectivity not only from Vinhomes Grand Park to neighboring areas better, but also promote the connection of the whole Thu Duc City with key areas of Ho Chi Minh City, helping 6 creative hubs of Thu Duc City has better development conditions
Under What Circumstances Should You Not Buy/Invest In The Beverly Solari?
According to Realtique’s objective assessment, due to the supply of Vinhomes Grand Park is 40,000 apartments, early transfer of apartments (flipping) or relying on financial leverage to flip is not recommended, because of the supply of the apartments here are large and the value of the apartments can only increase after a period of 5-7 years from when the entire project and infrastructure connections are synchronized and completed.
Therefore, if you are determined to buy to invest: Make a long-term investment (7-10 years), prepare adequate cash flow for a long run.
If you decide to buy for settlement: This can also be a pretty optimal choice because the utilities of Vinhomes Grand Park is very complete. For locals, it’s even easier as from the very beginning, the construction of Vinhomes Grand Park is the solution from Vingroup to the problem of owning the first apartment in Ho Chi Minh City for young locals. Therefore, there are unique loan support policies such as grace period for interest rates up to 2-2.5 years and principal up to 4 years. This is absolutely a great opportunity to own the first apartment for the young locals. Prepare a good financial plan, stable cash flow, minimize the loan rate, the locals can easily own luxury apartments in The Beverly Solari, Vinhomes Grand Park.
Feel free to contact Realtique for more detailed consultancy of The Beverly Solari, Vinhomes Grand Park.
Realtique Co., LTD