In a short time from the end of 2014, many apartment projects have been opened for apartment sales, showing the fact that investors have caught up the market trend to satisfy customer needs.
Apartment products introduced by various projects
In the middle of March 2015, Becamex Tokyu Co. Ltd. Officially introduced its Sora Gardens I apartments in Binh Duong New City for sales. The 24-floor apartment block includes 1 twin tower for 406 apartments of 70-100 square meters each and penthouses of larger areas. This is the first ever apartment project to be invested into Binh Duong Province by Tokyu Group at up to USD 1.2 billion.
The Canary Binh Duong is invested by Gouco Land.
The apartment block will cover over 9,000 square meters by the Japanese style design. Mr. Nakata Yasuyuki, General Director of Becamex Tokyu Co. Ltd., said: “This is the basic investment project so that we will be able to implement other projects to promote the development of Binh Duong New City. We have put into use the Kaze Shuttle to connect Thu Dau Mot City to Binh Duong New City as well as the Hikari eatery and shopping zone.”
Previously, GoucoLand Group introduced to the market its intermediate premium apartments – The Canary, located at the front streets of Vietnam-Singapore Industrial Park 1 in Thuan An Town. Located on National Highway No. 13, the project, once completed, will offer 1,057 apartments for sales to the market. Currently, the investors are concentrating on Canary Heights of 3 apartment blocks covering 25,000 square meters for 192 apartments luxuriously designed. The Canary Heights is promising to impress the buyers.
On April 18, National Housing Organization (NHO) just announced its sales of 900 Binh Duong First Home Premium apartments in Thuan An Town at the cost of VND 612 million to VND 950 million per apartment. This is the first project in Binh Duong for low rate buyers and under VND 30,000 billion loans and guarantee of Binh Duong Branch of Vietcombank. Previously, eHome 4 of Nam Long JSC in Thuan An Town was successfully introduced and VND 13.5 million per floor square meter of 1 to 2-bedroom apartment.
To feed the market
Companies are paying more attention to apartments for sales along with real estate trading. Firstly, Becamex IDC offers 5,000 social housings at the cost of VND 100 million and higher for an apartment. Apparently, ever since 2013, the needs of social housings have increased in the locality of crowded immigrants. To satisfy such needs, Becamex IDC started the second stage project for 10,000 social housings in the near future.
Of much silent approach, Biconsi entered the housing market for low-income buyers. The success of Hiep Thanh 3 Residential Area has offered hundreds of low-rate apartments and facilities to users. This encouraged Biconsi to develop Phu Hoa Apartment of 300 low-rate apartments to the market.
Investors are grasping up the actual market needs as more and more apartment projects emerged. The demands are increasing as physical demographic growth is high and the wave of immigration to Binh Duong Province for work is strong. The low but stable income encourages immigrant workers to buy apartments by their own money and preferential bank loans which may last 10 to 15 years.
Real estate companies know that low income of working people in Binh Duong would only lead to apartment purchase not the long-term investment to the erection of apartment blocks. Thus, flexible and long-term loans resolves the financial issues that many may face on their choice of apartments. In the near future, many companies may rush to Binh Duong Province to develop their ambition in the promising market needs for apartments.
Reported by Khanh Vinh – Translated by Vi Bao
