VinaCapital launches rental service for Azura
10-07-2012
 An artist’ impression of the high-end Azura apartment project by the Han River in the central coast city of Danang - Photo: TL |
The developer said any customers who have purchased Azura apartments can sign long-term leases in case they do not intend to stay at their new homes immediately.
If apartment owners agree to rent with a term of not less than one year and not to stay at the apartment during the lease, they will enjoy an annual return of 8%. This is the gross margin that customers can earn after excluding expenses for management, brokerage and advertising.
The move is aimed at creating incomes for apartment owners who do not use their properties immediately, said David Brenac, project manager of Azura.
The ask price of the one bed room apartment stays at VND1.6 billion and VND3.5 billion for a three bed room one, according to Savills Vietnam, the sale agent of the project.
The Azura luxury apartment high-rise is being completed as part of the World Trade Center Danang.
