Luxury apartment prices soar in Hanoi amid supply shortage
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Combining with many unique tours for visitors to explore the special destinations of the Mekong River Delta, Azerai Can Tho promises to become a high-end residence, opening up unique cultural experiences for guests traveling to the West of Vietnam.
On June 2, Azerai Can Tho resort officially opened with the attendance of multiple officials of Can Tho city, Adrian Zecha, founder of Aman and Azerai resort brands and Bui Thanh Nhon, Chairman of Novaland Group.
Entrusted by Novaland Group, Adrian Zecha was chosen to manage the very first “affordable luxury” Azerai hotel chain in Vietnam at Con Au, Can Tho city.
Legendary hotelier Adrian Zecha, who was born in a wealthy Czech/Indonesian family, is as synonymous with hospitality as Conrad Hilton and Bill Marriott.
He’s deeply embedded in the industry and his influence has touched a number of the most covetous hotels around the world. For instance, Amanpuri in Phuket, Thailand founded by Zecha, has always been voted as the top high-class resort for over 30 years.
With Zecha, an ideal resort is a perfect blend of a beautiful location with heritage, culture and local history, combining excellent services, ensuring peace and privacy for the world’s top high-class customers.
Although Zecha is always known as a difficult person in choosing the location to manage and develop resorts, the billionaire immediately identified that the new resort project of Novaland located on Con Au, Can Tho city will help put the land identity on the world travel map.
Zecha realizes that the culture and pristine nature of the Mekong Delta are priceless inheritances of this land.
Additionally, with the central location of 13 provinces and cities in the Mekong Delta, Can Tho city is the fulcrum of the river tourism and ecotourism.
From Can Tho city, visitors can easily connect and explore the legacy of the Mekong Delta such as Cai Rang floating market, orchards, colorful culinary culture and canal system.
"Vietnam is an attractive and potential destination for tourism development, in which the Mekong River Delta is one of the most beautiful natural landscapes in Asia.
Novaland Group is a Vietnamese company with deep local understanding as well as a vision of harmony with the business philosophy and orientation of the Azerai brand, which is building Azerai based on the objective of promoting sustainable tourism development of Can Tho city.
After three years with the efforts of many people, the resort completed beyond my expectations,” said Adrian Zecha.
Located in the heart of Can Tho city, yet still able to keep its isolation as being surrounded by the romantic Hau river, Con Au is a piece of golden land helping to prolong the success stories of Zecha and his management philosophy, i.e absolute respect for guests' privacy as well as preserve and enhance the value of local heritage.
Combining with many unique tours for visitors to explore the special destinations of the West River, Azerai Can Tho promises to become a high-end residence, opening up unique cultural experiences for guests traveling to the West of Vietnam.
Azerai Can Tho covers an area of over 8 hectares, including 60 rooms. The rooms have very nice view, making it easy to enjoy the scenic West River.
The design of the hotel is a harmonious combination between traditional and modern style. In addition to the hotel room, the hotel also provides facilities such as a gym, tennis court, spa, two restaurants, a bar and a dock to welcome guests.
It is no wonder that Azerai Can Tho was voted by The New York Times (USA) as one of the most worthy resorts to experience in the world in 2018.
The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.
Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.
High demand and limited supply drive transactions in major urban areas despite soaring costs.
Despite the real estate market's lackluster performance, several companies are accelerating land acquisition efforts.
Hanoi is set to receive a significant future supply of over 100,000 apartments starting from 2025, a tenfold increase compared to the current availability.
Hanoi’s apartment prices are expected to continue rising until supply and legal bottlenecks are resolved, according to experts.