Mr. Hoang Ngoc Chien, a seasoned real estate investor in Hanoi's Long Bien District, recently concluded orders for two new apartments to fuel his business strategy. Mr. Chien reports, "Basic apartment rental rates have experienced consistent growth over 15 quarters, currently standing at 53% higher than the first quarter of 2019. This robust demand has ensured that my extensive apartment portfolio maintains a 100% occupancy rate. At times, we experience such high customer influxes that we run out of available units."

Hanoi's real estate rental demand spiked by 58% in the third quarter compared to the previous one, according to data from the real estate platform Batdongsan.com.vn. Apartments, particularly those in areas with abundant choices like Tay Ho, are in high demand, even as rental prices increased by 20%. This market vibrancy guarantees lucrative returns for investors.

Ms. Thao Nguyen, a real estate broker, notes, "Currently, 2-bedroom apartment rentals range from 15 to 20 million VND per month, while studios are around 10 million VND per month. Although these rates are 30 to 50% higher than a year ago, most units are quickly snapped up, underscoring the market's excitement."

She emphasizes that the key driver behind this apartment rental market surge is the genuine needs of potential clients, including professionals, engineers, foreign workers, and Vietnam's expanding middle class. They are willing to invest in luxury apartments from reputable projects that offer a comfortable living environment. "Not all projects can attract these discerning clients. Only those developed in urban areas by reputable brands, with prime locations and amenities, make the cut. Among them, Diplomatic Corps apartments remain the top choice," says Ms. Thao Nguyen.

Diplomatic Corps Apartments' enduring value in the rental market can be attributed to their eco-friendly surroundings and convenient access to key city areas.

The Diplomatic Corps project comprises four distinct zones, known as N01, N02, N03, and N04. A standout feature of this project is its low construction density, ranging from 30% to 33%, with the remainder dedicated to public facilities, ensuring a comfortable living environment for residents.

The Diplomatic Corps urban layout includes:

The intelligent and modern design of Diplomatic Corps apartments maximizes natural light and ventilation, providing a comfortable living space. Residents benefit from an array of amenities, including specialized gym equipment, yoga spaces, and renowned restaurants and cafes.

This holistic living experience, comparable to major cities, attracts a substantial influx of residents, further fueling the heating rental real estate market in the region.

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