While the need to accumulate assets and assert class among the rich is increasing, the supply of super luxury apartments in Hanoi is extremely small.
The need to add ultra-luxury real estate to the luxury goods collection
According to the Wealth Report published in 2024 by Knight Frank, the number of super-rich people in Vietnam (individuals owning assets of 30 million USD or more) is estimated to be about 752 in 2023, an increase of 2. 4% compared to the previous year. It is expected that by 2028, Vietnam’s super-rich population will reach 978, an increase of about 30% compared to 2023 and putting Vietnam in the top 5 of Asia-Pacific, ahead of South Korea, Hong Kong and Singapore.
Super luxury real estate is often located in rare land funds in the core of urban centers
At the same time, this unit also compiles an index called the Knight Frank Luxury Investment Index (KFLII), which tracks luxury investments of the rich.
Mr. Kevin Coppel, managing director of Knight Frank Asia-Pacific, said: “Asia’s rich and super-rich still pay special attention to luxury investments. Across the continent, tycoons , tycoons constantly prioritize purchasing luxury products to diversify their investment portfolio, as well as exploit the huge profit potential that these assets bring.”
Vietnam is no exception to that reality. The benefits of luxury products for the rich are undeniable, luxury products bring them both material and spiritual value.
In addition, the companionship of strategic partners participating in signing cooperation agreements right at the launch event: P&T Group, EDUFIT, Tam Son, Long Hai Securitas, VTV Times, Vietinbank has affirmed and enhanced the reputation of Ramond brand through significant synergy.
Hanoi Signature inherits valuable lake views from a rare location in the center
Vietnam is no exception to that reality. The benefits of luxury products for the rich are undeniable, luxury products bring them both material and spiritual value.
It could be the feeling of pampering your body when using premium materials, a measure of social status – a “ticket” to enter an elite party or a statement symbolizing a different lifestyle. special.
Moreover, luxury products are also one of the important investment categories when increasing value based on scarcity, artistic characteristics or timeless quality.
The collection of luxury goods of the rich, a group of people that is constantly increasing despite the economic situation, does not stop at jewelry, watches, and supercars but also expands to real estate. While the super-rich in Vietnam have a stable growth rate, on the contrary, super-luxury real estate, a product group commensurate with the status and strict standards of the rich, is increasingly scarce.
