The expensive island villas of the world's richest 1%
The wealth of the world's richest 1% is concentrated in real estate, including island villas. In Vietnam, this product line is creating a trend, becoming the choice of wealthy individuals who prefer discretion because it is a generational asset that increases in value over time.
Island Villas- the choice of the super-richaround the world
Oxfam recently reported that the combined wealth of the world's richest 1% has increased by a total of $42 trillion over the past decade. This information was released ahead of the G20 finance leaders' summit in Rio de Janeiro, Brazil. According to Oxfam, this $42 trillion figure is nearly 36 times higher than the wealth accumulated by the world's poorest 50%.
According to the Wealth Report by real estate brokerage Knight Frank, in the last two years, the ultra-wealthy and their investment companies have continued to focus their investments on real estate, including island villas.
Around the world, many "billionaire islands" are home to the wealthiest 1% of the world's population. For example, Indian Creek Village – a small island in Biscayne Bay in Miami-Dade County, Florida, USA – is known as the "Billionaire's Bunker," home to only 82 residents, including billionaires and top artists.
In Florida (USA), the artificial Fisher Island is less than 1 square kilometer in size.2, is the place with the highest number of billionaires and millionaires per square meter.2This luxurious and well-equipped oasis is protected around the clock by an internal security organization, and guests can only access it by yacht or helicopter.
In Nigeria, the artificial island of Banana is 1.63 square kilometers in size.2Lagos, also known as a billionaire's paradise, is home to some of the country's most famous and wealthiest families...
In Vietnam, the launch of island villa products like Ecopark Grand - The Island by the founder of Ecopark five years ago has changed market preferences. Ecopark Grand - The Island is built based on inspiration from the magnificent Palm Island model in Dubai, where all the villas are built on island branches jutting out into the lake bay, covered by multi-layered vegetation.
Designed by five leading global architectural firms: Swan & Maclaren (Singapore), Humphrey & Partners (USA), WATG (USA/Singapore), Darkhorse (Australia), and DWP (Australia), with projects reaching wonder levels such as the Raffles Hotel - a national monument in Singapore, and the JW Marriott Resort & Spa in California, the Ecopark Grand villas achieve perfection in every minute detail.
As a gated community with two main entrances equipped with security booths featuring 24/7 thermal imaging cameras and an intercom system between security guards and homeowners, residents of Ecopark Grand - The Island can rest assured of absolute safety and privacy. However, according to many investors observing the Ecopark market, since its launch, the number of villas resold can be counted on the fingers of one hand.
“The value of each villa has increased by 300% after 5 years of being on the market. No one wants to sell their ancestral property; the longer they hold onto it, the more valuable it becomes, and once sold, it's difficult to buy it back even with money. Owners of these villas not only buy a place to live and relax but also want to live in an environment where their neighbors are of the same social class and status,” shared Ms. Nguyen Thi Lien Dung, Director of Titan Luxury Real Estate Services Co., Ltd.
Following Ecopark Grand - The Island, the market has seen the emergence of several other projects developed in the island villa model, such as those in Hai Phong or Thu Duc (Ho Chi Minh City). The common feature of these island villas is a design that ensures a high level of privacy, a 24/7 security system, and access only permitted by the homeowner. The owners of these island villas are typically business owners, young entrepreneurs, and the second generation of prestigious families in Vietnam…
Central Island - the first island villa project to appear.in Vinh City
Creating trends and developing island villas – luxurious homes for those seeking privacy – the founder of Ecopark recently introduced the Central Island villa subdivision to the market, located within the large Eco Central Park (nearly 200 hectares, in Vinh City, Nghe An province).
Central Island is located in the heart of the project, enjoying not only the full range of green amenities of the entire area but also superior living space with a construction density of only 18%, a green space density of 150 trees per person, surrounded by lush greenery and flowing water.
“With 4.5 hectares of naturally flowing water, we have also created three layers of water-based flowers combined with five layers of ground-based trees so that every window of the residents is a beautiful picture. Furthermore, 100% of the villas are located in a gated community, with garden areas up to 100m².”2"With a garden in front and a park with picturesque walking paths behind, each house feels like it's nestled in a green oasis," shared Mr. Nguyen Van Son, representative of the Ecopark founder.
According to experts, with its unique design, advantageous large area, and the developer's 21 years of experience in green real estate development, the Central Island villas will become a focal point, breathing new life into the Nghe An real estate market and becoming the choice of discerning individuals who prefer privacy and enjoy life in their own homes every day.
According to observations and assessments by experts, the value of each home sought after by the elite also lies in its exclusivity, privacy, and luxury, while still reflecting the owner's status.
With the villas at Central Island, homeowners can welcome guests, business partners, and relatives in a private and secure space, thanks to a system of four security checkpoints providing 24/7 support and only allowing strangers to enter or exit with the owner's confirmation and consent.
Within the secluded and private space of a gated community, residents and their families can still enjoy all the upscale amenities designed by the developer for this limited community, including the 3,000m² Wellness Clubhouse.2Eco Central Park boasts its first year-round swimming pool, luxurious restaurants, and a system of themed parks that encourage physical activity for all ages and family members to improve their physical and mental health.
