Dinh Dung
Multiple property companies reported that the number of homebuyers taking credits had been rising in the past few months. Around three out of ten homebuyers have applied for loans from the banks, they said, citing the actual number of apartments sold as the foundation.
Ngo Quang Phuc, marketing director of Him Lam Land, said his company had sold about 100 apartments of the Him Lam Riverside project in District 7 this year, with roughly 30% of the total number of homebuyers borrowing money from banks.
The number of customers obtaining home loans has grown rapidly compared to last year when Phuc’s enterprise sold 50 condos, with only two customers borrowing money from banks.
In the middle-class housing segment, Nam Long Investment Corporation also recorded the same number of customers getting bank loans with the Ehome 3 Tay Saigon project in Binh Tan District. Around 100 customers performed procedures to borrow money from banks in the first sale program with a total of 330 condos on offer while 19 customers applied for home loans in the second sale program launching 65 condos.
However, only projects already complete or those near completion with clear legality and high liquidity developed by prestigious project owners are able to access loans. This is easy to understand as local banks must thoroughly screen financial capability of investors as well as liquidity of housing schemes whose would-be flats are taken as collateral for the loans.
Besides, Phuc noticed lenders in need of boosting lending and attractive promotions plus interest rate subsidies offered by project owners has also attracted a great deal of attention from homebuyers.
In particular, Him Lam Land is now selling condos of the Him Lam Riverside scheme with a flexible payment method allowing homebuyers to move into their homes after making a down payment of 50% of a flat’s value and settling the rest in five years’ time with an annual fixed rate of 6%.
Similarly, Phu My Hung Corporation has announced to put up for sale the third phase of the Happy Valley project this month with the financial support of many banks with an annual fixed rate of 8% over a period of 30 months.
Nam Long, meanwhile, offers condos of the Ehome 3 scheme at VND700-800 million a unit, with homebuyers allowed to make a down payment of VND285 million of the apartment’s value to take over the home and settle the rest in two years with a fixed rate of 8% per annum.
Đăng ký: VietNam News