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The Apartment Market Still Attracts Buyers

The apartment market still attracts buyers

Although property market research companies have made some bad statistics about the business situation in the first three months of the year, the number of flats sold in many projects is still very good.

Crowded to buy house

According to CBRE Vietnam, the apartment market in HCMC started quietly in the first quarter of 2017 with a decline in new apartments offering and units sold in all segments. Accordingly, in the first three months of the year, the market received an additional 5,083 units from 21 projects, down 44% quarter on quarter and down 49% year on year.

Units sold were down with only 6,051 units sold, down 47% qoq and 29% y / y. It is worth noting that the West has surpassed the leading number of apartments offered for sale with 1,821 units. East ranked second with 1,523 units.

However, in fact far different. For example, the opening ceremony of the Richmond City project by Hung Thinh Corp was held at 207C, Nguyen Xy Street, Ward 26, Binh Thanh District, HCM City witnessed thousands of crowded buyers.

Richmond City is located in front of Nguyen Xy street, connecting with District 1 center and about one minute drive from Pham Van Dong Avenue. The project is built on an area of 15,427.30 sqm with three

The apartment market still attracts buyers
Dozens of people scrambled to buy an apartment in Richmond City

25-storey towers. Richmond City has 880 apartments, 300 office-tel offices, 30 basements commercial.

The three towers of the project are named Glory Tower, Lucky Tower, Riches Tower. According to Hung Thinh Corp, the name of each tower has a very special meaning. Specifically, Glory Tower with 440 apartments, representing the reputation, bring glory, glory to the owner.

The Lucky Tower with 300 office-tels brings good fortune, great sand, and the great business to the owners living and working here and Riches Tower with 440 apartments, representing wealth.

Richmond City has in-house facilities such as central park, sky view swimming pool for adults and children, gym, children’s play area …

Another Hung Thinh Corporation project, Moonlight Boulevard, has also been purchased by nearly 100% customers at the launch of the model house. Located right in front of Kinh Duong Vuong street in Binh Tan district, Moonlight Boulevard has 20 floors and 1 basement with total 656 apartments, 54 office -tel and 54 basement commercial.

Each apartment has the area from 51.41m2 to 96.16m2, designed in open space, which will help to gain more natural light and wind. Moonlight Boulevard is located adjacent to the fire department, where the focus is on amenities such as: Aeon Mall, City International Hospital, Galaxy Kinh Duong Duong, BigC An Lac …

The apartment market still attracts buyers
Customers are buying apartments Saigon South Residences

At present, most of the domestic and foreign infrastructure works have been completed. Can be counted as Vo Van Kiet Boulevard, high-speed HCM City – Trung Luong … In the future, fast bus – BRT No. 1, Metro No. 3A … will help the circulation of residents People are quicker.

The Moonlight Boulevar project costs just VND1.1 billion per unit. In order to reduce the financial pressure for the buyers, Hung Thinh Company has cooperated with TPBank to provide loans to customers up to 70% of the contract value over a period of 15 years.

Similarly, when Phu My Hung Corporation announced the fourth project Saigon South Residences, more than 800 participants. Building G was introduced in this round and after two hours, nearly 100% of the apartment was booked by the customer.

Thus, after four launches of nearly 1,500 apartments, Saigon South Residences have been ordered. It is expected that in April, the final block sale announcement of this project will be held sooner than expected.

When Rio Land Real Estate Investment JSC announced the sale of the last 50 apartments of the Centana Thu Thiem project, the market was quickly absorbed. Introduced to the market late last November to 2016, so far more than 500 apartments Centana Thu Thiem project was booked successfully.

The product will decide

Explaining the fact that thousands of people crowded into the Richmond City project, Tran Tuu, deputy general director of Hung Thinh Corporation, said that the project attracted the attention of homebuyers because it is located on the front of Nguyen Street and it is expected to extend 30m and connect to the metro 3B.

In addition, the residential project takes just a minute to reach the most modern cinema CGV and minutes to modern shopping centers such as Co.op Mart, Citimart or Emart. Easy to move to Thanh Da River Park, Gia Dinh Hospital, Columbia Asa International Hospital, Chu Van An Primary School, Le Van Tam Secondary School …

The apartment market still attracts buyers
The Richmond City project is crowded

“Binh Thanh is a district with a large competitive advantage because of the favorable location adjacent to District 1 and District 3. This location really brings the great attraction to Richmond City. The great advantage of location, design and utility is the magnet to attract customers to Richmond City, “said Tuu.

Representing Phu My Hung Corporation, Saigon South Residences is the first project developed outside the Phu My Hung urban area to implement the idea of developing more living space in accordance with Phu My Hung apartment standard. to expand the buyer object.

The project has received a quite good absorption from the market through the rate of consumption in the four referrals reached 90% and the number of visitors is more than 2-3 times more interested in the product. With the balance of supply and demand of the project, Saigon South Residences is very attractive to the market despite the mid-range, abundant supply.

Experts said that the project convergence of elements needed and sufficient of a real estate to meet the purpose of buying houses for living or investment so it is easy to explain attractiveness of the project

Mr.Le Hoang Chau, Chairman of HCMC Real Estate Association, said that whenever people in Ho Chi Minh City have the need to buy apartments, whether the market slows down or goes down. The problem here is that the owner must have quality products, good location and affordable prices, the liquidity will be high.

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The Apartment Market Still Attracts Buyers
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