NEWS

What is an officetel? Definition, pros and cons.

Posted on 02-02-2018 10:10:54

Real estate market recently has a new trend, Officetel apartment. This type of apartment is quite a lot of people interested and value for the advantages as well as benifit that it brings. What is Officetel apartment? What are the advantages and disadvantages of Officetel? Please read the article below.

1. What is Officetel Apartments?

The name Officetel is a combination of English words Office and Hotel, the name simply reflects the function and characteristics of this type of apartment. Officetel is an office model that combines the features of a house, or, more easily, it inherits the characteristics of a homeuse, a hotel and an office. Because of this, Officetel does not have a rigid design like pure office furniture and can be used as a comfortable place to stay.

What is Officetel Apartment?

Not only that, apartment owners can use the facilities in the residential areas such as swimming pool, hospital, gymnasium, school ... with high commercial features to ensure all needs in life. Officetel apartments usually have a minimum area of ​​25 sqm and a maximum of 200 sqm, the current price offered on the market ranges from 900 million to 2 billion per unit.
 

2. Features of Officetel apartment




To understand more about the apartment Officetel is also need to learn about the advantages and disadvantages that this type of apartment.

Advantages

   -   As mentioned above, the area of ​​Officetel Apartments is not large, so the price is cheaper than the normal apartments.

   -   There is a separate entrance and elevator lobby, convenient for companies.

   -   There is a separate reception area as well as the possibility of hanging the company's name in the reception area.

   -   Can use the address of the apartment to register for business license, the license to open office, etc.

   -   Use comfortably facilities in buildings and residential areas.

   -   There are many functions such as office, housing ...

   -   Have higher interest rates than other types of apartments.

Disadvantages

   -   Small area should be suitable for small office or small family.

   -   The usage lenght is only 50 years old, after this period, owners must apply for extension.

   -   Management costs are higher than normal apartments.

 -   Not a place of residence, this mean the apartment cannot be registered for permanant residency but only temporary residency.
 

3. Some outstanding Officetel apartment projects


Officetel apartments now have many projects spreading throughout Ho Chi Minh City. Typically, in the South, there are projects such as Sunrise, Florita, The GoldView ... In the west, District 2 and Binh Thanh Distirct, there are also different projects. Typical is the large-scale Vinhomes project. There is also the Wilton Tower project at Dien Bien Phu or Sun Avenue in District 2. Espcially the brand new project in District 4 is River Gate.

Officetel Apartments is a new question of the real estate market refers to a type of apartment prominent, promising to many people interested. Hopefully with the above article, you have more useful information for yourself.
Other news
Invest in Real Estate, Buying Property in Vietnam: An Ultimate guide for your decision

Invest in Real Estate, Buying Property in Vietnam: An Ultimate guide for your decision

This article will take a look at all aspect of Vietnamese economic and legal issue that helps you decide whether to invest in Vietnam Real Estate or buying property.

Important things that only real estate agents know while the rest don't

Important things that only real estate agents know while the rest don't

You may think that it is not necessary to spend some pennies on real estate agent, but they actually bring real value to your deal.

Vietnam is becoming top expat destinations for these following reasons.

Vietnam is becoming top expat destinations for these following reasons.

Within the last decades, number of expats in Vietnam increases significantly, making up a total expat population of 100,000, excluding Chinese...

Which plants is suitable for your bedroom, bathroom or kitchen?

Which plants is suitable for your bedroom, bathroom or kitchen?

Which trees is suitable for your bedroom. bathroom or kitchen? Let find out in this article.

Buying a house in Italy with 1 USD!

Buying a house in Italy with 1 USD!

Italy is a very beautiful country with romantic and famous architecture. That is one of the reason the services of tourism and housing are expensive. However, in contrast to this, a beautiful little town in Italy called Ollolai is selling the house for just $ 1, cheaper than a cup of cappuccino.

THE CRITERION FOR CHOOSING EFFECTIVE OFFICE IN VIETNAM

THE CRITERION FOR CHOOSING EFFECTIVE OFFICE IN VIETNAM

Choosing which building to rent is an important decision because the relationship between the landlord and tenant will usually last many years.To minimize the risk of having an unreliable landlord, the tenant can perform a multi-step leasing process.

Sales and payment policies of Masteri Millenium District 4

Sales and payment policies of Masteri Millenium District 4

Attractive sales policies applied for only first 39 apartments in 2018. Full detail information, price, discount and promotion here.

New Tax policy for owning property in Vietnam

New Tax policy for owning property in Vietnam

Under the provisions of the Property Tax Law, from 2017, people who own two or more properties may be subject to tax...

How to fight heat in Saigon?

How to fight heat in Saigon?

To blow away the heat in the summer, you can use effective ways from the simplest things such as curtains, make use of windows, put trees in the house or put the stone in front of the fan, ...

PROPERTY TYPES

MODOHO'S AGENTS