Khang Minh
A view of the Ehome 4 project developed by Nam Long Investment Corporation - Photo: Dinh Dung
This business practice is stark contrast with what property developers have embraced over the years: selling homes even before they are built. In the past, whenever developers announced their projects, people would rush to place a big deposit without seeing the physical home.
Since early this year, multiple finished townhouses and villas have been launched onto the market by local developers. According to property traders, this trend is looming large as numerous professional investors are expected to join in near future.
Tan Binh Construction Investment Joint Stock Company has launched a sale in the Green Life townhouse project covering 27 hectares in HCMC’s Binh Chanh District, with each unit measuring 98 to 138 square meters. These two-storey townhouses cost VND2.6 billion a unit or higher, with a payment term lasting up to 15 months.
The developer says the project is now complete and has sufficient home ownership certification, so buyers can move in immediately.
Similarly, Khang Dien House Investment and Trading Joint Stock Company on March 9 launched a housing sale in the Mega Residence project in District 9 in the city. Half of the project’s 120 townhouses are finished and priced at VN13.5 million per square meter or above, including VAT.
Homebuyers just need to make a down payment equivalent to 30% of the home’s value while the rest will be financed by bank loans. All the homes of the project have been issued ownership certificates, said a representative of Khang Dien.
Dai Viet Real Estate Joint Stock Company has also introduced its ready-constructed townhouses in the Nam Saigon Riverside project on over 25,000 square meters in Nha Be District. Apart from some land lots, the project has a lot of finished townhouses covering 50-90 square meters each, which are offered at VND660 million or VND799 million a unit.
Notably, Nam Long Investment Corporation last year succeeded in the launch of the Ehome 4 North Saigon housing project located in Thuan An District in the southern province of Binh Duong. Each townhouse covers 75 square meters and costs VND800 million or higher.
Also, the ready-built home market has seen another entrant, Kien A Investment Joint Stock Company. Its Venture villa project in the Cat Lai urban area in District 2, HCMC comprises 92 villas measuring 119 to 227 square meters each and costing VND3.5 billion or higher for a villa whose interior is not complete.
Commenting on the fresh market trend, Ngo Huu Truong, general director of La Ban Real Estate Company, said this was a solution developers should adopt to win back customer confidence at a time when business conditions remain tough.
Đăng ký: VietNam News
