With positive signs on the real estate market since last year’s second half, some property enterprises are preparing to launch apartments to grasp business opportunities in the early months of the year, a local newspaper reported.

The Saigon Times Daily quoted Phu My Hung Corporation as saying it would offer Green Valley apartments for sale this quarter. The Green Valley project consisting of four buildings of 20-27 floors supplies 546 apartments having an area of 88-194 square meters each.

Phu My Hung has not announced the selling price but said the apartments were for medium-income earners and affordable to buyers with financial supports from banks.

Also in Saigon South, The Park Residence located on Nguyen Huu Tho street with around 1,000 apartments of 52-73 square metres each has been put up for sales. The selling prices of such apartments start from 700 million VND (33,000 USD) per unit.

The Park Residence’s investor is receiving bookings and will finish the project in 2016.

Meanwhile, in District 6, Him Lam Land Company is about to sell apartments of the Him Lam Cho Lon project located near the district’s administrative centre. The project supplying around 1,400 apartments is almost finished.

Khang Dien House Trading and Investment Joint Stock Company is going to launch the sale of Mega Residence townhouses in District 9.

Khang Dien will sound out the market by offering for sale around 160 adjoining houses at a price starting from 13.5 million VND per square metre, or some 1.99 billion VND per unit.

With its location near Ho Chi Minh City-Long Thanh-Dau Giay Expressway and the belt road and especially a price equivalent to that of an apartment, the investor expects to attract many buyers to Mega Residence in the coming time.

Besides, there are many other projects offering apartments for sale such as Lexington Residence in District 2 at around 20.6 million VND per square metre, PARCSpring in District 2 at 17.4 million VND, Sunview Town in Thu Duc district at 11.2 million VND and An Phu 2 in District 8 at 16.8 million VND.

According to Cushman & Wakefield, the apartment sales volume was better last quarter, mainly in the budget segment having selling prices hovering around 15 million VND per square metre.

Cushman & Wakefield forecast the price might continue to decline this year.

In related news, property enterprises said they would develop projects based on their existing land and would not spread investments this year like before.

According to Nguyen Van Duc, Deputy Director of Dat Lanh Real Estate Company, the company started the year with a small apartment project having around 150 units in Go Vap district and develop infrastructure for a townhouse project in Hoc Mon district.

Duc said that these were the two final projects on the company’s land left. More projects will be carried out when it can find partners with financial capabilities, he added.

Luong Tri Thin, General Director of Dat Xanh Group, said Dat Xanh would not invest in individual apartment projects but develop clusters like small urban areas of 10-20 hectares each. It will be in charge of all investment stages, from investment to construction and distribution.

Dat Xanh earned 66 billion VND in profit last year, doubling that of the previous year.

Statistics of the Ho Chi Minh City’s Department of Construction showed that around 5,000 among the apartment inventory of nearly 14,500 units found buyers last year.

According to market observers, the market will continue to incline towards buyers this year. Finished projects would be more attractive to customers than those under construction.

Source : VNA/www.moc.gov.vn

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