Announced on December 3, 2016 in Hanoi, VinGroup officially entered to the average real estate segment with the launch of VinCity brand – cheap apartment. This event has caught the attention of the public in general and real estate investors and those who have demand for housing in particular.
Thus, with this new project, VinGroup becomes the leading real estate group in Vietnam covering all segments of the market including high-end real estate (Vinhomes), commercial real estate (Vincom Trade Center), resort real estate (Vinpearl) and mass real estate (VinCity).
With the desire to bring good quality housing products with the reasonable price to the large number of customers, Vincity is the low-cost apartments invested and developed by Vingroup will formally join the popular housing market by 2017.
VinCity apartment and clearance of cheap housing demand
Most Vietnamese people have low average income, so the demand for cheap housing is always very large. However, the real estate projects in this segment is relatively few and not exciting, dynamic. Low-cost housing projects are often of poor quality and have not facilities for residents. Therefore, in this segment, the market always “thirst” big projects to change, improve the life of people.
Accordingly, in the coming years, our government tries to promote businesses to invest in social housing projects, affordable housing to help low-income people buy houses and improve their life more.
And like the rain in the drought, the launch of Vincity Cheap Apartments offers buyers more choices, especially is the quality choice, when low-income customers are provided complete and perfect service utilities from a leading real estate investor in Vietnam real estate market – VinGroup.
Vincity projects will be developed in the first phase in 7 provinces and cities across the country with the planning of closed complex urban model as Vinhomes projects. And Vingroup will be launching and supplying the market with 200-300 thousand Vincity apartments with reasonable price, quality guaranteed thereby creating favorable conditions for people to access products. With this announcement, VinCity project blows new wind into the real estate market at the end of year and makes it hotter than ever.
Change the concept of cheap housing with VinCity apartments
With the purpose of not only as a means of business, but also for serving the community, improving quality, bringing a better life for our people, With the international project of VinGroup brand name, it will be a perfect choice for customers with many advantages and benefits such as:
– Competitive price (with an average price of only VND 700 million/unit), transparent, unified price bring the best conditions for home buyers.
– The infrastructure is synchronous, with high-rise tower blocks of 22-25 floors and reasonable planning space in accordance with VinCity standards.
– Construction density is low (20-25%) to build a green, fresh, cool space.
– The quality of work is guaranteed along with good security, absolute safety to create the most assured peace of mind for home buyers.
– Time to hand over the apartment is on time and sooner by the “divine” speed of construction confirmed through other projects of VinGroup.
– VinCity’s utilities are perfect, synchronous and modern with various types together with advantages inherited from Vinhomes to help residents enjoy comfortable life such as Vinmec international standard clinic, International Vinschool system, Vincom Trade Center and VinMart convenient store and entertainment facilities for children, sport area: football, tennis, volleyball … ,park, swimming pool …
VinGroup joins the low cost housing segment and consumers are the beneficiaries.
At the present time, as investors focus on high-end segment projects, cheap housing market share is not very competitive and soon after Vingroup announced that it would develop a low-cost apartment project, it has caused the real estate market to “shake” and bring other investors pay attention back into this segment. This is a good sign for low-cost housing market and low-income people.
Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association (HoREA) has made an objective assessment of VinGroup’s entry into the low-cost segment as following: Vingroup’s joining to the affordable housing segment is good for the real estate market firstly as it will increase the supply of cheap housing and thus drag down house prices.
However, some will concerns that the joining a big man like Vin will kill small and medium businesses. But on the other hand, according to Mr. Chau, this is a fierce competition of small and medium businesses with low-cost segment with VinCity, it is not “big fish swallow small fish” and ultimately the consumer will be the beneficiaries.
In summary, the launching of Vincity brand- Cheap apartments of Vingroup recently is believed to be a good signal for consumers when homebuyers are now considered as gods, they have more choices when buying cheap houses and marks a new turning point for the scarce cheap housing market as current situation.
You are reading the article Vincity Apartments of warm cheap price market in the Real Estate category at https://realestatevietnam.com.vn/.
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