In mid-2016, the heat of the property market moved to the western area of Ho Chi Minh City, with the focus of Tan Phu district. Earlier this year, apartment prices in this region increased by more than 40%.
Currently, Tan Phu has more than 40 real estate projects under construction. Expected in 2017, the number of projects offering in this area is even greater. It is worth mentioning, most of the apartments in this area are increasing after the handover.
The profit rate of 15 – 30% is always the attractive story that the owners set for their customers. In particular, central locations have always defaulted to higher numbers. However, The Garden is located at Tan Ky Tan Quy street in Tan Phu district. An Gia Investment owner has increased the price to 40%, from VND17 – 18 million /sqm when the sale to VND25-26 million /sqm of the house has changed the way of looking at real estate investment.
According to Mr. Luong Si Khoa, Vice Chairman of An Gia Investment Management Board, there are many factors to explain the story of The Garden. Firstly, the value and liquidity of a real estate project always reached the highest level at the time of handing over the apartment.
Although not in the center of Ho Chi Minh City, The Garden is located on the potential road of Tan Phu, where the system of complete civil works. The area is also experiencing breakthroughs in infrastructure and urbanization such as the construction of Aeon Mall, expansion of Thoai Ngoc Hau, Hoa Binh, Tan Ky Tan Quy, Metro 6 Ba Queo – Phu Lam is being built to create a convenient connection with the central and surrounding areas.
The Garden also increased investment thanks to An Gia Investment decided to invest more than 100 billion to upgrade all utilities and interior inside the apartment compared with the original commitment to residents. This project also has modern space, landscape garden on the terrace, 5-star standard hotel lobby, swimming pool designed and used equipment, material standards resort …
“When I came to pay the last installment, hearing the staff announcing my apartment will be donated these items I am very surprised. As someone who has been living in the apartment for many years, I know these details do not seem to matter but when in the new find if not doing or not reasonable will be very inconvenient. It sounds small, but the synchronous investment in all hundreds of apartments will cost a huge fee, “said Ms. Thu Thao, the customer has bought the Garden apartment.
Khoa said that the location of the apartment only determines the initial price level and this level is usually close to the real value of the apartment. If the owner does not have the elements that add value, it will be difficult to reach the high price increase as expected.
“An Gia Investment accepts the extra money to put in a more advanced appearance for the mid-range apartment, raising prices to match this new value. This not only brings profitability for customers but also enhances the brand of An Gia Investment in the market.
As such, a number of other projects being implemented by this investor such as An Gia Star, An Gia Skyline and An Gia Riverside are up more than 20%, although not the time of delivery, “Mr.Khoa said.
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