Vietnam’s property market has been sluggish for years due to a huge supply surplus, but experts have pointed to signs of the market warming up this year, especially with the Trans-Pacific trade deal TPP coming into effect soon.
A survey by market research and consultancy firm CBRE showed that around 10,114 apartments of 26 projects were sold in Ho Chi Minh City in the third quarter, up three times from the same period last year.
Savills Vietnam, another market research firm, reported that 17 projects including 13 new ones launched 9,550 apartments in the third quarter, up 4 percent from the second quarter and 107 percent year-on-year.
First Home Premium Binh Duong uses designs that help save space.
As the market regained its momentum, big investors have also started to launch various promotions.
N.H.O Binh Duong, for example, has introduced three competitive sale policies for its First Home Premium Binh Duong project in the namesake province neighboring Ho Chi Minh City.
Customers only need to pay 18 percent of the price to become a home owner. If they borrow money from VPBank to buy the house, the developer will cover interest payments for them until the project is completed.
Those who do not take this financial support optionwill receive a discount of up to 18 percent of the apartment’s value.
For customers who buy apartments for investment, the project is also a promising one as the developer has pledged to help them rent out the units for at least 6 percent of the contract value a year in two years. These customers will also receive an interior design package worth VND150 million.
First Home Premium Binh Duong on Binh Duong Boulevard has won public attention for its prime location, which is 20 minutes from Ho Chi Minh downtown and less than five minutes from Aeon Mall, Lotte Mart, Columbia Asia international hospital, Singapore International School, and a cineplex of the country’s biggest chain CGV.
Economists said that in the near future, the project will be perfect choice for young customers, not only for its location, but also because it gives them a chance to own a nice home that carries South Korean design and is equipped with many modern facilities including its own shopping mall, kindergarten, walking paths, a gymnasium and a swimming pool.
Customers check the model of the First Home Premium Binh Duong project.
The project in May won an award for the commercial apartment development category at the Asia Pacific Property Awards of the International Property Awards.
It has also received a certificate of Excellence of Design for Greater Efficiencies (EDGE) for housing development. EDGE certification is a prestigious international recognition given by the International Finance Corporation, a World Bank member, to green housing projects.
For more information about the project, please:
Call 0911.646.668 - 0901.587.898
Or check the model apartment at 333 Binh Duong Boulevard, Thuan Giao Ward, Thuan An Town, Binh Duong.