WHAT IS OFFICETEL
WHAT IS OFFICETEL?
An officetel is designed to be a partially self-contained building, such that its occupants can live and work in the same building, minimizing commute time. Because of the convenience of having daily routines located in one building, a significant proportion of the officetel's inhabitants include lawyers, accountants, tax accountants, professors, and artists. Office space is usually parceled out or leased to trading companies and small- to medium-sized businesses.
Officetel parcels are commonly 50 to 100 m² in size. Most officetel residential spaces are a studio apartment with bathroom, kitchen, and bed areas. Basic furnishings are usually included with an officetel lease. It is currently illegal to have an Ondol tub or balcony heating systems in an officetel.
OFFICETEL IN VIETNAM
This is a multifunctional apartment model rooted in Korean back in the 80s which combines workplace and residental place. This model saves much cost and time for the owners, especially suitable for small and medium enterprises who require small office areas.
That means those apartments include kitchen, living room, bedroom, toilet, etc. and office function. Currently, real estate investors often put officetels in the lower floors of buildings and the areas are ranged from 25 – 50sm.
WHAT ARE THE OFFICETEL BENEFITS?
+ The location of these buildings with officetels are often in the downtown area, convenient for travel.
+ The workplace and residental place are in the same unit so you can save lots of money and time.
+ You can enjoy all the advanced facilities in the building such as swimming pool, commercial center, cafe, internal park, etc. a high-class lifestyle and a full-function workplace.
+ For individual investors, this kind of apartment brings high profit margins due to low initial investment (only from VND900M (USD45.000) per officetel unit) and the scarcity of supply in comparision with the demand in the current market.
+ Officetels are suitable for single people or small families who are limited in financial capacity.
+ High liquidity due to the low total value, easy to buy and resale.
And many other advantages.
WHERE TO BUY OFFICETEL IN VIETNAM?
Currently, officetels are pretty new to the market and the supply remains limited. Novaland is the pioneer of this thriving market model. These projects with officetels you can refer to are: OfficeTel THE GOLDEN STAR
The price of an officetel is only from 1500$ per unit.