Assessing real estate market prominent in the first 5 months of 2017 shows that the studio apartment in Ho Chi Minh City is becoming more and more interested because these types of services provide customers, who are living in Vietnam with a variety of affordable rental options. In this article RaoXYZ will provide readers with some information and assessment of this new and potential real estate.

What is a studio apartment?

In contrast to the penthouse, the studio is used for small apartments, without space, with a maximum area of ​​about 60 m2. This concept is quite popular in the UK and has recently started being used in Vietnam.

Normally today’s studio apartments in Vietnam have a maximum area of ​​60 to 65m2, the minimum area can be only 25m2. The most basic point of this apartment is “all space in one space”, without partition, is a large room, full function such as sleep, reception, kitchen… only. There is a toilet usually in a separate corner. However, many homeowners, when renovating, to increase the viewing angle of space for the house, used glass walls for the toilet.

In the time of real estate is increasingly scarce, Studio model apartment into our country is considered to be very new and appropriate form. On the one hand, it saves space for use and on the other hand creates a place for people in big cities to settle down.

In Vietnam, apart from a number of Ho Chi Minh city condominium projects, there is no distinction between studios and small flats in Hanoi. Only when there is no separation into separate rooms can one be called a studio. Even, there are apartments of about 60m2, but also divided from one to two separate bedrooms, it can not be called studio.

The utility of the studio apartments in Ho Chi Minh city

Living in a studio apartment with some people is considered ideal. The most advantageous is the ability to get whatever you need with a single reach. In addition, studio apartments in Vietnam also save a lot of energy in lighting, warming, etc. Cleaning job in this apartment is also easier and much faster. And of course, the price of the apartment will be feasible and suitable for many people. But small space means that storage of furniture will be very limited. Therefore, neat is the most basic criteria. The clutter will make the space even smaller.

This apartment is usually designed for singles, newlyweds who have no children or low-income housing. However, this does not mean studio apartments can not create style. Designers say that small apartments can be completely transformed into studio apartments, if requested by the homeowner, and are fully refurbished. The architect’s advice for these spaces is to store furniture in self-created spaces, such as under beds, under the sofa … but keep in mind that you should avoid piling too much in the kitchen as you need it. Prevent fire.

Ideally for the apartment is a woodworking product combined with many functions. Such as sofa can be the bed. Tables can be table, desk, place to TV, etc. This is very convenience for those who are living in Vietnam but cannot afford to rent a bì apartment.

The market of studio apartments in Ho Chi Minh city

In fact, most of the studio apartment projects that have just launched to the market offer a wide variety of areas for customers to choose, meeting the needs of customers in tight spending period like nowadays. This innovation helps service apartments can compete vigorously with the segment of apartments purchased for rent or villas for rent.

The subjects of studio apartments in Vietnam are mainly foreigners who come to study and work in Ho Chi Minh City. Ho Chi Minh. Forecasting in 2018, the global and domestic economy continues to face many difficulties.

This is both an opportunity and a challenge for the studio apartment market. Over the next 2-3 years, the city will have more than 25 new projects, providing about 4,000 studio apartments to the market. This is causing a lot of pressure, because the real estate market of Vietnam so far has not shown signs of good recovery.

The supply of serviced apartments in the first 5 months of 2013 increased by 3.2% when the Capri project (service apartment class B, Phu My Hung, District 7, Ho Chi Minh City) added 126 units household. This is a typical project for serviced apartments, with the type of studio apartment consisting of 1 bedroom and 2 bedroom apartments ranging from 26m2 to 69m2.

From the beginning of the year to now, the total supply of studio apartments in Ho Chi Minh city is 75 projects, providing about 4,059 apartments. About 30% of Grade A, 51% of Grade B and 19% of Grade C. The supply is mainly in central districts such as districts 1, 2, 3 and 7.

The studio apartments are really a good choice for those, who living in Vietnam but do not have enough huge budget to afford buying a house or renting a big room. We believe that this article gave you a different point of view about cheap apartment in Vietnam, so you may have the right decision for you and your family.

Thang Tran _RaoXYZ