The developers say they will use about VND400 billion to develop 270 row houses and villas on around nine hectares. The project is part of a new urban town of 55 hectares.
Phan Dinh Tham, general director of Sonadezi Long Binh, says selling prices will be from VND1.1 billion to VND2.5 billion a unit, depending on size and phase of development.
Banks will offer loans of 70% to 100% of the total value of a villa, to be repaid for up to 25 years.
Tham says the project, to be completed by 2014, sees its potential buyers as expatriates working at industrial parks in the province.
Khang Dien Housing Trading and Investment JSC hosted a gala dinner at the Legend Hotel in HCMC over the weekend to welcome the first 60 villa-owners at its luxury project Villa Park, being developed at Lien Phuong Street, Phu Huu Ward in HCMC’s District 9.
The project-owner says positive feedback from the market is encouraging the company to launch a second sales program: 60 villas were sold in the first phase, only two days from launch. Prices are ranging from VND3 billion to VND9 billion a unit.
Villa Park is jointly developed by Khang Dien Co and Prudential Vietnam Fund Management Co, a Prudential subsidiary. It has 213 villas and garden row houses and serviced utilities such as swimming pools, Jacuzzis, barbecue gardens, sport clubs, tree parks and a kindergarten. VND1.5 trillion was allocated for the first phase of the residential project.
The developer says model villas will be launched by August, and the first phase of handover is set for late next year. This is one of 14 property projects that Khang Dien has developed in HCMC’s districts 2 and 9, where infrastructure is being developed to link the fringe districts to the city’s center.
Ahead of the luxury residential project, Khang Dien had broken ground for a condo project in Binh Trung Dong Ward, District 2, to provide around 1,000 apartments for middle-income people in the city.
Phan Dinh Tham, general director of Sonadezi Long Binh, says selling prices will be from VND1.1 billion to VND2.5 billion a unit, depending on size and phase of development.
Banks will offer loans of 70% to 100% of the total value of a villa, to be repaid for up to 25 years.
Tham says the project, to be completed by 2014, sees its potential buyers as expatriates working at industrial parks in the province.
Khang Dien Housing Trading and Investment JSC hosted a gala dinner at the Legend Hotel in HCMC over the weekend to welcome the first 60 villa-owners at its luxury project Villa Park, being developed at Lien Phuong Street, Phu Huu Ward in HCMC’s District 9.
The project-owner says positive feedback from the market is encouraging the company to launch a second sales program: 60 villas were sold in the first phase, only two days from launch. Prices are ranging from VND3 billion to VND9 billion a unit.
Villa Park is jointly developed by Khang Dien Co and Prudential Vietnam Fund Management Co, a Prudential subsidiary. It has 213 villas and garden row houses and serviced utilities such as swimming pools, Jacuzzis, barbecue gardens, sport clubs, tree parks and a kindergarten. VND1.5 trillion was allocated for the first phase of the residential project.
The developer says model villas will be launched by August, and the first phase of handover is set for late next year. This is one of 14 property projects that Khang Dien has developed in HCMC’s districts 2 and 9, where infrastructure is being developed to link the fringe districts to the city’s center.
Ahead of the luxury residential project, Khang Dien had broken ground for a condo project in Binh Trung Dong Ward, District 2, to provide around 1,000 apartments for middle-income people in the city.
Source: SaigonTimes
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