VINCITY real estate brand of VinGroup belongs to real estate segment suitable with many people’s income. The purpose is to provide the best apartment for the people in Vietnam. According to the information received, the first seven provinces and cities to launch VinCity cheap apartments are: Hanoi, Ho Chi Minh City, Hai Phong, Hung Yen, Thanh Hoa, Ha Tinh, Nha Trang.
According to the plan, VinCity apartment projects in District 9 in Saigon and in Hanoi will be implemented from suburban districts of the city, develop satellite cities as in district 9 … As expected, VinGroup will build from 200,000 – 300,000 cheap VinCity apartments with reasonable price in the next five years, targeting the majority of middle-income people to own valuable and warm life at projects built by VinGroup.
What is the selling price of VinCity apartment in District 9?
Price of VinCity apartments is still fluctuating and can be about 700 million in the city or major areas. This price is extremely well suited to many types of customers. Especially in the context of many luxurious apartment projects on the market are rising means that the demand for affordable housing projects will increase. VinCity apartment project launched especially in District 9 will contribute to relieve pressure from the mid-range segment while improving the competitive advantage to benefit customers.
Investor of VinCity in District 9 ensures quality – synchronization – utilities in accordance with international standards.
The investor of the VinCity project is Vingroup. According to the latest report released by Vingroup, Vingroup holds 49% of the VinCity project in District 9. The remaining shares belong to the People’s Committee of Ho Chi Minh City. With the strong support from Vinhomes, it is certain that the management and quality of VinCity is undisputable.
By the participation to affordable housing, Vinagroup has become a leading real estate development company in Vietnam with comprehensive investment in all segments of the market such as high-end real estate, resort real estate, commercial real estate and now up to medium real estate.
If VinHomes in District 9 provides customers with outstanding living standards, perfect combination of villa real estate and high end utility systems, VinCity District 9 targets the majority of residents with average price but still ensure the quality – synchronization – utilities in accordance with international standards.
With VinCity project in District 9, the project owner also commits to providing the necessary facilities for people such as health care, schools, commercial centers, convenience stores, sports area, service facilities, plants and landscaping … rate of establishment from 20 – 25%. Vingroup said that the utilities of VinCity in District 9 will not be inferior than Vinhomes in District 9, which is a prestigious brand of the owner of the project.
Overview of Vincity Apartment Project in District 9.
♣ Project scale up to 300ha
♣ Vingroup investor – the most prestigious real estate brand in 2016
♣ Buildig height: from 22 to 25 floors
♣ Type of accommodation: Apartment
♣ Expected area: 36m2 – 89m2
♣ Construction density: only 20% – 25%
♣ Superior advantages of Vincity apartment in District 9
♣ Benefited from the utilities of Vinhomes Central Park and Golden River
♣ 3-star quality, 1-star price
♣ Convenient transportation – easy connection to the key routes towards the center
♣ Location next to the last station of Ben Thanh – Suoi Tien metro line
♣ Comfortable and airy space with two sides bordering Dong Nai River and Tac River
Evaluation of cheap Vincity apartment project in Long Binh, District 9, Ho Chi Minh
Although quite sudden to VinGroup’s statement, many businesses have stated that this is a good thing bringing to the real estate market in 2017.
Mr. Ngo Quang Phuc, Deputy General Director of HimLam Land said, “An investor with a prestigious brand name in the high-end segment, made a segment for low- and middle-income people is ordinary. This is what HimLam Land has been deploying for many years.
Vincity apartment district 9 only 700 millionVincity District 9 only from 700 million to 1.2 billion
The assessment that the building of VinCity apartment brand of Vingroup in District 9 will lead to competition with businesses operating in cheap-housing, Mr. Phuc said that this is a good thing because it will increase the abundance of the market and provide opportunities for people to live in perfect living conditions.
The Vincity project in District 9 is feasible in many ways
– Business feasibility lies in good products, plus a large residential area enough to meet the living space, good social infrastructure will convince those who have the need to buy real home and the number of products up to 16,000 apartments.
– Investment feasibility: Profits will be good when Vingroup operates well the construction chain supplying to the construction.
– Financial feasibility: good price and suitable for public demand so the time of advertisement will be shortened, as well as receiving financial support from financial institutions in various forms so the capital spent is not much.
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