Property sales increase at year-end

Many real estate investors have been racing to launch apartment and land lot projects onto the market in a bid to attract homebuyers at the end of the year.

 Nam Long Investment Joint Stock Company over a week ago introduced EHome 5 The Bridgeview in HCMC’s District 7, offering 592 apartments at around VND1 billion each.

 

The investor expects to launch sales of the project in mid-January but the introduction event drew much attention from homebuyers. Around 95 customers registered to buy the apartments.

 

PARCSpring condo project in District 2, which is jointly invested by Singapore’s CapitaLand and Khang Dien House Trading and Investment Company, was launched onto the market on December 7. The investors offered around 170 out of 394 apartments of the project at prices from VND16 million per square meter (VAT excluded).

 

Around 1,000 customers attended the sales opening ceremony. The investors expect to hand over the apartments to clients in the first quarter of 2014.

 

 

In addition, Hung Thinh Land Company is going to offer 8X Dam Sen condo project in Tan Phu District, targeting young customers with stable incomes.

 

Nguyen Duy Minh, general director of Hung Thinh Land Company, said that around 200 out of 600 flats of the project will be offered within the next few days. The condos are priced from VND13.3 million per square meter.

 

Explaining the condo sales at the current time, Minh said that customers always have housing demands, so investors always can find buyers. The crucial point is that investors must offer reasonable prices and convenient locations.

 

Meanwhile, Hung Loc Phat Production & Construction Company has launched the sale of the second stage of Hung Phat condo project in Nha Be District. The condos are distributed through the real estate center Nam Viet.

 

In the second phase, the enterprise will sell 80 flats at VND14.8 million per square meter or higher. Homebuyers will enjoy a payment schedule over three years without interest.

 

Earlier, the investor sold 100 apartments of the first stage within six weeks. The project is expected to be completed in the second quarter of 2014.

 

In addition, many land lot projects have also been launched to meet demands of investors. Tac Dat Tac Vang Company has launched onto the market 200 land lots of ijc@vsip urban area in Binh Duong Province after the success of the first launch a month ago. The land lots are from VND3.3 million per square meter.

 

Kim Oanh Company has also offered land lots in Binh Duong Province, while Sacombank Real Estate Joint Stock Company has launched Arista Villas land lots in HCMC’s Thu Duc District.

 

Marc Townsend, general director of CBRE Vietnam Company, said that the condo market has seen positive moves after staying quiet for a long time.

 

The enterprise’s statistics show that around 1,700 apartments were launched onto the market in the third quarter of 2013, up nearly 46% against the previous quarter. Low-cost condos accounted for 72% of the new supply. 

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