By Dinh Dung - The Saigon Times Daily
HCMC – On the contrary to small numbers of condos marketed in the city in the year’s first half, a larger number of apartments are being launched onto the market at less than VND1 billion a unit.
Late last week, Nam Long Investment Corporation marketed the Ehome 3 Tay Saigon condo project on Ho Hoc Lam Street in HCMC’s Binh Tan District, with each flat priced from VND615 million.
The project consists of 14 blocks with nine floors comprising about 2,000 apartments and other facilities. Its first phase is still under construction with 495 condos covering 50-60 square meters each.
Meanwhile, Vinh Phong Thai Company in the same district, in collaboration with Hoang Anh Saigon, last weekend also put up for sale the Golden Dynasty apartment project located on Truong Phuoc Phan Street.
With three 22-storey blocks, the scheme has 384 condos from 60 square meters to 160 square meters each. Now the developer has already completed the project’s construction and is ready to hand over flats to homebuyers.
Doan Chi Thanh, general director of Hoang Anh Saigon, said around 50 apartments of the project will be for sale at some VND999 million a unit. Homebuyers can live in the condos after paying 50% of the apartment’s value, with the remainder to be settled within one year’s time without any interest rate.
Similarly, Phu My Hung Corporation (PMH) last Saturday also marketed the Star Hill scheme in Phu My Hung new urban area in District 7 after exploring local demands with the sale of the high-end Chateau villa project in the year’s beginning.
The project has 14 blocks with four to 18 floors, providing the condo market roughly 400 flats and townhouses and penthouses, with half of them set to be launched for sale early next month.
Other developers have also restarted their property projects.
An Phu JSC last week started work on the second phase of the An Phu Apartment Complex on Hau Giang Street in District 6.
The project owner plans to invest VND450 billion to develop the 25-storey apartment building with 268 condos of 50-156 square meters alongside a commercial center and other facilities. It expects to finish the scheme and deliver it to customers in the last quarter in 2014.