Compared to the beginning of the year, the price of 1-2-bedroom apartment in Cau Giay, Nam Tu Liem, Thanh Xuan, Ha Dong, Dong Da and Ba Dinh areas increased by an average of 10% – 25%.
Ms.Bich is currently renting an apartment of 2 bedrooms, nearly 80m2 in Yen Hoa, (Cau Giay district) with the price of 11 million VND / month. Compared to January 2018, this price has increased to VND 1.2 million; Compared to the rent in 2017, the increase is nearly 2 million / month.
According to Ms. Bich’s share, in the context of the current flat selling price, investing to buy apartments for rent in Hanoi is more beneficial. Although the rental price is not really stable and achieved the expected profit, if you know how to choose the right product, it is still profitable.
The research results show that, taking the average price of an affordable, mid-end and high-class apartment in Hanoi were VND 1.5 billion, 2.2 billion and 3, respectively. , 9 billion, the rental rates respectively 6.5, 9.5 and 17 million / month. The average rate of profit for renting apartments in this city will be 5.2%, 5.18% and 5.23%.
In fact, the rental price of an apartment depends on many factors, including the number of bedrooms. The same area but different in the number of bedrooms, the rent will have a clear difference.
According to the survey in 6 districts focusing on many apartment projects including: Cau Giay, Nam Tu Liem, Thanh Xuan, Ha Dong, Dong Da, Ba Dinh, the current price of apartments for affordable and mid-end segment , 1-2 bedroom is priced from 8-20 million VND / month, up about 10-25% compared to the beginning of the year.
Specifically, in Ba Dinh district, Dong Da, apartments of 1-2 bedrooms, the area of 50-80m2 currently has a rent of about 14-20 million VND / month, an increase of 1-1.5 million compared to the beginning of the year. In Cau Giay District, equivalent apartments have an average rental price of about VND 8-11 million / month, increasing by VND 0.5-1 million compared to the beginning of the year.
In Nam Tu Liem district, 1-2 bedroom apartments currently have an average rental price of about 9-10 million VND / month, while at the beginning of the year only about 8-8.5 million VND / month.
Recorded in Ha Dong district, apartments with an area of about 60-70m2, 1-2 bedroom also have a significant price increase. At the beginning of the year, the rental price of this type of apartment is only about 5.5-6 million VND / month but now has increased to 7-8.5 million VND / month.
While the increase in rents in 1-2 bedroom apartments is quite clear, apartments of 3-4 bedroom, areas from 90-120m2, recorded a less increase in rent amplitude, not even increased.
Apartments with large area of 3-4 bedrooms in Ba Dinh and Dong Da districts are currently popular at VND 17-45 million / month; In Cau Giay, Thanh Xuan and Nam Tu Liem districts, the price is from VND 16-26 million / month. This price has hit a relatively high level compared to the needs of tenants.
It can be easily seen that the current rental rates for apartments are inversely proportional to the profit margin, the types of apartments have 1-2 bedrooms, moderate rents are giving higher margins. It is quite compared to 3-4 apartments. In fact, apartments with 2 bedrooms are also easier to rent due to the affordability of most customers.
According to a survey of user behavior in the past 1 year, 2 bedroom apartment is the most popular product. The search volume for this apartment is 7 times that of a 1 bedroom apartment and double that of a 3 bedroom apartment. And the 4-bedroom apartment had the lowest search. In particular, Cau Giay, Nam Tu Liem and Ha Dong are the top 3 districts in search of apartments for rent. These are also areas with many apartment projects and densely populated, workers with moderate income.
In fact, tenants are increasingly differentiated. For example, for the high-end segment, the tenants are mostly foreigners, business management … while the intermediate segment is aimed at office workers, conditional students, and families with small children are not eligible to buy a house … However, the subjects renting apartments with the price of over 10 million dong / month also belong to the group of decent income, easy to change the behavior of accommodation from renting to buying apartments. Therefore, the stability of leasing is not high.
According to a survey of user behavior on Batdongsan.com.vn in the past 1 year, 2 bedroom apartment is the most popular product. The search volume for this apartment is 7 times that of a 1 bedroom apartment and double that of a 3 bedroom apartment. And the 4-bedroom apartment had the lowest search. In particular, Cau Giay, Nam Tu Liem and Ha Dong are the top 3 districts in search of apartments for rent. These are also areas with many apartment projects and densely populated, workers with moderate income.
In fact, tenants are increasingly differentiated. For example, for the high-end segment, the tenants are mostly foreigners, business management … while the intermediate segment is aimed at office workers, conditional students, and families with small children are not eligible to buy a house … However, the subjects renting apartments with the price of over 10 million dong / month also belong to the group of decent income, easy to change the behavior of accommodation from renting to buying apartments. Therefore, the stability of leasing is not high.
Moreover, CBRE’s statistics also show that, by the end of November 2018, Hanoi market had about 33,000 new apartments offering, an increase of nearly 2,000 units compared to 2017. Because of the number of new apartments each year too However, the trend of buying houses for rent has also increased, making the competition in this segment more and more intense. Especially now, the model of high-class motels for rent is much cheaper than the rental apartment market, the demand line is also gradually shifting from renting apartments to high-class renting rooms, making investment in apartments. Rental is no longer “easy to eat” as before.
