Condo projects that have been completed or
are entering into the final stages this year are most likely to enjoy more
advantages in the race to lure buyers in the current dormant realty market.
In
fact, several projects have found buyers recently as the project owners prove
to buyers their abilities to complete their projects as committed.
Apart
from reasonable prices and flexible payment methods, buyers are much interested
in the construction progress of realty schemes as well. In other words, they
will only buy homes after seeing the projects in the process of completion by
themselves.
Therefore,
most real estate trading floors tend to focus on those projects close to
completion. For instance, The Era Town project in HCMC’s District 7 has
attracted up to over 40 realty trading floors when being put up for sale by Duc
Khai Corporation early this month.
The project
consists of ten blocks with more than 3,000 flats offered at about VND15
million per square meter. The developer will start handing over the condos to
buyers from the last quarter this year.
Nguyen
Thi Thanh Huong, director of Hung Gia Viet Real Estate Services Co., asserted
those projects that are finished or near completion have still caught attention
of clients, especially those in need of housing.
According
to Huong, her company has succeeded in launching the sale of an apartment
building in District 8 beyond expectation at VND1 billion a unit within one
week only.
Savimex
Corporation and EVN Land in cooperation with a number of property trading
floors have offered for sale the Ngoc Lan project in District 7.
The
condos are priced from VND14.9 million a square meter based on the 55% deposit
while the remaining value is arranged for installment payment within one year.
The housing products will be given to customers this month as scheduled.
According
to Colliers International, the commercial apartment segment is facing
challenges due to protracted economic woes and capital shortage. The local
market in the year to date has witnessed a decline in selling prices of all
condo segments and the trend will continue in the next quarter as predicted by
the firm.
SaigonTimes
Business & Investment Opportunities
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