Sales of land lots fare well
25-03-2013
In early April, Hung Thinh Land will officially announce the Golden Bay project in Khanh Hoa Province. The project on Bai Dai Beach will comprise land lots for villas, semi-detached villas, villas combined with service facilities and apartments with four-star hotel.
Nguyen Van Cuong, chairman of Hung Thinh Land, feels confident about the sale of this project.
Golden Bay is the only urban area development project in northern Cam Ranh Peninsula, planned as a key economic zone and tourist center of Khanh Hoa. Therefore, demand for housing of domestic and foreign experts will pick up in the near future, he explained.
Meanwhile, Kim Oanh Real Estate Co. intends to put up for sale 200 land lots in the Bencat Center City project in Binh Duong’s Ben Cat District at VND180 million per unit.
Hoang Quan Real Estate Co. has launched 48 land lots for semi-detached villas of the residential project Cinderella 2 in Ba Ria City, Ba Ria-Vung Tau Province, with prices starting from VND2.34 million per square meter.
The final 30 land lots of the Dai Phuc Green Villas project in HCMC’s Binh Chanh District has recently gone on sale at some VND1.48 billion per 100-square-meter lot.
The project developed by Dai Phuc Construction and Commercial Co. consists of 1,550 condos, 219 villas, 512 townhouses and other facilities such as school, park, healthcare center and swimming pool.
Ngo Vi Hung, general director of Saigon Thuong Tin Real Estate Trading and Service Co. (Sacomreal-S), said Vietnamese people still preferred owning land to apartments. Moreover, the fact that many apartment projects are moving slowly or have been put on hold damages customer confidence.
In addition, the number of land lots is getting smaller, especially in big cities like HCMC and Hanoi, and their prices have been cut to reasonable levels. Therefore, they attract a lot of attention, he noted.
“The land lot projects around ten kilometers from downtown HCMC sell very well,” he said. Sacomreal-S put up for sale 48 lots at the Belleza project in District 7 four months ago and now 40 of them have gone, he added.
Dang Thi Kim Oanh, general director of Kim Oanh Real Estate Co., said her company’s daily sales had reached about 10 lots in the projects in Binh Duong and Dong Nai since the end of Tet holiday. “On some particular days, there are 30 successful transactions,” she said, attributing this success to many roads and large projects in Binh Duong and Dong Nai to be put into use soon.
“The property market has seen many optimistic signs, but I think the quality and prices of each project are the two most important factors to help win back customers at the moment,” said Cuong of Hung Thinh Land.
http://english.thesaigontimes.vn/Home/business/property/28311/
