80 per cent of Happy Valley Premier sold in three weeks

Dec 3rd at 08:09
03-12-2019 08:09:44+07:00

80 per cent of Happy Valley Premier sold in three weeks

Phu My Hung Development Corporation, the giant HCM City housing developer, announced that 80 per cent of units in its new condominium project, Happy Valley Premier, has been sold within three weeks.

 

All customers are buying apartments for living themselves and are eager to get them early so that they can decorate and start to live here to welcome the new Lunar New Year 2020 which is less than two months away.

Happy Valley Premier at the Phu My Hung City Centre in District 7 is one of the few apartment projects to be finished this year in the city.

As of the end of the third quarter only 17 projects were completed, one third of the number last year.

Happy Valley Premier is the only condo project in HCM City where all units are duplexes and were fully built before being sold. This is a huge advantage since customers can visit the actual house they plan to buy.

The project is situated near a river, parks, schools, and other public amenities, and has only 55 units. Out of the total area of over 4,200sq.m, Phu My Hung has earmarked 79 per cent for green spaces and amenities. The FAR is only 2.88, the lowest in the market.

The developer said it has tied-up with two lenders, Vietcombank and UOB, to offer customers loans on easy terms.

The company has also tied up with prestigious partners for interior design like SF Home, Ixina, Mitsubishi Cleansui and BKAV – Smarthome to offer buyers a number of promotions.

Phu My Hung said it successfully developed and sold two high-end housing projects this year, The Peak and The Ascentina.

No more new projects would be sold this year, and so there are only a few units left in The Peak to be sold, Phu My Hung said. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Da Nang okayed Cocobay turning condotels to apartments

Authorities had approved the conversion of Cocobay Da Nang condotels into apartments long before the crisis over nonpayment of annual returns broke out.

Guaranteed returns ploy driving condotel craze fraught with risk

Ignoring analysts’ warnings, investors bought thousands of condotels, lured by developers' promises of high guaranteed returns each year.

The Marq – Timeless elegance

The Marq, a luxury condominium project in the heart of District 1, is attracting successful and sophisticated residents thanks to its interplay of real elegance...

Condotel property market in urgent need of new regulations, standards

A legal framework covering condotel properties is urgently needed to protect the rights of both developers and buyers and to ensure sustainable development.

Real estate woes seen looming next year: VNREA

The real estate market in 2020 is likely to face multiple challenges, Nguyen Tran Nam, chairman of the Vietnam National Real Estate Association (VNREA), told the...

E-commerce helps develop logistics property sector

 Growing demand from e-commerce users is putting pressure on existing supply chains, facilities and warehouses.

MoC releases first quarterly real estate market report

The Ministry of Construction (MoC) on Thursday released its first quarterly report on the domestic real estate market.

Investors pay the price as Vietnam condotels unravel

Legal loopholes are being blamed for thousands of condotel investors being hurt, but avarice has also been a factor, experts say.

Experts warn of risks of condotel projects

Buyers of condotel units are at stake since they have made their investment decisions based on what brokers have said and on their trust in project developers...

Disillusioned investors wake up to grim reality of condotel fundraising schemes in Vietnam

As condo hotel, or ‘condotel,’ construction surges in coastal Vietnamese localities, authorities are sounding a call for legislation that would help regulate and...

Real estate stocks

Construction stocks


MOST READ


Back To Top