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The advantages and disadvantages of VinCity Grand Park

Perspective of VinCity Grand Park apartment living room.

Although Vingroup’s new direction in the segment of public housing, but VinCity Grand Park Apartment in District 9 has many outstanding features compared to other projects. Realestatevietnam points to the advantages and disadvantages of the project.

Growing into a new segment, what does Vingroup bring?

After a series of high-end projects launched and successful, Vingroup decided to step into the popular mid-range segment with the product “salute” is the VinCity project. In Ho Chi Minh City, VinCity apartment projects will be implemented in two areas, District 9 and District 7. In which VinCity Grand Park (District 9) will be implemented first.

According to the announcement of Vingroup, VinCity Grand Park and other VinCity apartments will be built in the form of high-rise apartments. The total area of the entire VinCity Grand Park urban area is over 360 hectares. The construction density that Vingroup is committed to is 20% – 25%.

At the same time, the expected height of each block from 22 to 25 floors. In particular, the area of each apartment ranges from 35sqmto 90sqm. Corresponding to the design area of the apartment, the project VinCity Grand Park will provide customers with apartments from 1 bedroom to 3 bedrooms.

What is the “newcomer” VinCity Grand Park brings to attract customers in this segment?

Moving location, transportation system

VinCity Grand Park is located on Nguyen Xien road with Phuoc Thien, Long Binh Ward, District 9, HCMC. This is a central location with two sides bordering the river and near the high technology district 9.

VinCity Grand Park is located near the Ho Chi Minh – Long Thanh – Dau Giay Expressway, Hanoi Highway and Metro 1. These routes are the main arteries, leading to District 1 only takes about 20 minutes driving.

Location of Vincity Grand park
Location of Vincity Grand park

VinCity Grand Park also connects with the Eastern, Central and Northern provinces through the Hanoi Highway, Highway 51 – Dau Giay – National Highway 1. Connecting the neighboring provinces of Dong Nai, Bien Hoa, Lam Dong, Binh Thuan via Ho Chi Minh City – Long Thanh – Dau Giay.

In addition to the roads and railways, the project is also close to the Dong Nai and Tac Rivers, where residents can choose to travel by river. And residents want to travel by air, the road to Long Thanh airport is also convenient.

As such, VinCity Grand Park will be suitable for clients living or working in neighboring areas such as District 2, Thu Duc, Binh Duong, Dong Nai, Vung Tau, Binh Thanh … or those who want to move to live here.

Although far from the center, VinCity Grand Park is in a fast developing area, the infrastructure is gradually completed to meet the travel demand, the economic concentration of the large international industrial complex such as Samsung, Intel … so residents will not take too much time traveling.

Work quality

With the trust of investors, VinCity Grand Park created the trust and sympathy of many customers. Besides, Coteccons is also the largest contractor of construction projects in Vietnam.

Therefore, when buying VinCity apartments, buyers no longer worry that investors do not build the project, delay the progress, mistakes on the land fund … as some other investors.

Ability to invest, rent

According to experts, the annual profit is quite stable: 6.8 – 8.7%. Mid-range apartments do not have much supply in the area. This brings high investment potential to the project as well as many investors are interested.

Perspective of VinCity Grand Park apartment living room.
Perspective of VinCity Grand Park apartment living room.

In addition, VinCity Grand Park is located in the area with high demand housing with a variety of local facilities. Expected rental rates at VinCity Grand Park will increase from 15-20% (referring to some projects in District 9 in 2017).

The price is only VND 700 million for the area of 36-39sqm, equivalent to VND20 million / sqm. While other projects in District 9 such as Sun Tower, The Art, Flora Anh Dao, Flora Fuji, Flora Kikyo … only offer price is about VND18 million / sqm. Compared with the sale price of neighboring projects, the selling price of VinCity Grand Park is the lowest.

However, at this price VinCity Grand Park apartments will be of extremely good quality compared to other projects in the same segment, with full facilities in the residential area to ensure that home buyers do not need. Where to go home after work?

Area apartment

Cheap apartment projects usually have an area of about 45m2 or more, most of them are 2- bedroom apartments from 60sqm – 75sqm. While VinCity apartments have a flexible area of 39-90sqm, home buyers have a lot of choices to suit their needs.

Utilities at VinCity Grand Park

According to the commitment of the investor, VinCity Grand Park will be fully equipped as other high-end projects that Vingroup is implementing. Residents here will experience the complete ecosystems such as school facilities, hospitals, parks, supermarkets, cafes, restaurants, entertainment areas, sports grounds … without a master. cheap investment apartments do. Possessing spacious space adjacent to Dong Nai River, Tac River and 50ha largest park in Vietnam.

VinCity Grand Park's closed ecosystem
Residents at VinCity Grand Park experience a closed ecosystem built by Vingroup.

One point of note is the management fee of medium-sized apartments is about 6,000-11,000 VND / sqm, the management fee of VinCity Grand Park is expected to be 4,000-8,000 VND / sqm

With the advantages and limitations mentioned above, although the “rookie” VinCity Grand Park has many “beautiful” pieces. VinCity Grand Park is an attractive option for customers in the mid-end segment.

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