Many developers in HCM City have launched condo projects with various offers since the beginning of the year (Photo: cafef.vn) HCM City (VNA) – Many developersin HCM City have launched condo projects with various offers since thebeginning of the year.
Most of them are located in the western andsouthern areas of the city. Earlier this month, many new projects were broughtto the market in these areas.
For instance, the Dream House InvestmentJoint-Stock Company began construction of the 20-storey D-Vela project with 168condos in District 7.
Also in District 7, the Phu My Hung Development Corporation held its firstsales event for a new project called Phu My Hung Midtown.
A new selling phase for Saigon South Residencesin Nha Be district is also expected to begin soon.
Dat Xanh Company, meanwhile, launched a new project called Luxgarden on NguyenVan Quy street in District 7, with two 26-storey buildings containing a totalof 500 apartments.
In addition, Hung Loc Phat will kick off salesfor its luxury project, The Golden Star, on Nguyen Thi Thap street in District7.
Kien A Company has announced that it will beginconstruction on the second phase of its Lvaila project with 257 villas insouthern HCM City.
In the western area of the city, MoonLight Boulevardin Binh Tan district, developed by Hung Thinh Real Estate Company, will bebrought to the market this year.
Meanwhile, Gotec Land continues to sell units inits Summer Square on Tan Hoa Dong street, and with 1,000 condos, Phu Son ThuanCompany will sell its Orient Plaza project in Tan Phu district.
Prices vary depending on the area of the city.
In District 2, developers are focusing onprojects with the price range of 30 million VND (1,300 USD) to 80 million VND (3,500USD).
In Thu Duc district and District 9, however, theprice is 18-30 million VND (790-1,300 USD) per square metre.
Pham Van Lam, general director of Danh Khoi A ChauReal Estate Company, said that developers were becoming more professional byfocusing on commitment and prestige.
They have developed projects with manyfacilities and amenities, he said.
Le Chi Hung Viet, deputy director of the Dream House Investment Joint-StockCompany, attributed the market’s liquidity to demand from investors who buycondos for leasing purposes.
This is a new choice for investors, he said,adding that condos with a good location, flexible installment plans, and moderndecor will attract more investors.
In coming months, developers will continue to bring to the market many newproducts.
Hung Thinh Company plans to open 5,500 apartments and 1,000 land slots thisyear, while Him Lam Land is set to develop 3,000 units this year.
Ngo Quang Phuc, the company’s deputy director,said that 80 percent of these units will have prices ranging from 1.5 billionVND to 2 billion VND. The remaining 20 percent will have prices of more than 2billion VND.
The company also targets developing a luxuryproject in District 1 this year.-VNA
VNA
