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Vingroup launches mass housing to the market

Vincity apartment in District 9

With the desire to bring good quality housing products with a reasonable price to many customers, Vingroup officially announced the launch of VinCity’s mass real estate brand on December 3, 2016  in Hanoi.

Mr. Le Khac Hiep, Vice President of Vingroup said, “With strong investment in the construction of VinCity projects, our group wishes to contribute to the process of changing the appearance of the city so that  Vietnam will gradually have modern, beautiful cities like major cities in the world. Especially, through VinCity project, we always wish to bring to our compatriots modern, safe residence suitable with the average income of the majority. “

Vingroup launches Vincity affordable housing brand

The launch of the VinCity project has led Vingroup to become one of the most comprehensive real estate developers in all segments of the real estate market, along with the Vinhomes brand of high end housing , Vinpearl – real estate resort, Vincom – commercial real estate and VinCity – affordable housing.

As a mass real estate product line with an average price of only over VND 700 million, VinCity’s affordable housing brand is still fully converged the value of confirmed real estate projects developed by Vingroup Corporation are: quality – synchronization – utility.

VinCity branded projects will be planned according to a closed urban area model together with utilities and synchronous infrastructure such as education, sport,  health, culture, entertainment, shopping, landscapes … Residents of VinCity project will also benefit a professional management service provided by Vingroup Group including security, green trees, environment …

7 cities and provinces to build the cheap housing VinCity branded project

In the first phase, cheap housing project VinCity will be implemented simultaneously in seven provinces and cities including Hanoi, Ho Chi Minh City, Hung Yen, Hai Phong, Thanh Hoa, Nha Trang, Ha Tinh. In Hanoi and Ho Chi Minh City, VinCity’s projects will be invested in suburban districts in order to contribute to the formation of satellite urban areas, which will reduce the population concentration and avoid the occurrence of traffic jams for the central areas of the two largest cities in the country.. According to the expected plan, Vingroup will build about 200,000 – 300,000 VinCity apartments with specially reasonable price within the next 5 years in order to create favorable conditions for consumers to access and possessing a quality life and modern utilities in the urban developed by Vingroup.

With the official entry into the affordable housing segment, Vingroup Group has become the leading real estate developer in Vietnam, the first company operating in all segments of real estate market: mass real estate, high-end real estate, commercial real estate and resort real estate. While Vinhomes high-end housing brand offers customers a superior standard of living and a complete combination of real estate with a high standard of service, VinCity targets to a large number of consumers with reasonable price but still ensure quality – synchronization – utility based on the trend of other countries in the world.

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Vingroup launches mass housing to the market
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