PMH starts second-phase sales of Chateau villas
18-05-2012
 An artist’s view of Chateau villas and townhouses in HCMC’s District 7 developed by Phu My Hung Corporation - Photo: Courtesy of PMH |
The remaining 41 villas of the Chateau project are currently on sale at a price of VND30-90 billion per unit. Last year, PMH launched the sales of 35 villas and 12 townhouses ranging from 510 to 770 square meters of this luxury project.
Villa prices on the market have continued the downtrend over the past months.
The average price of mid-end and low-end villa projects in the first quarter dropped 7% against last quarter, according to a market survey by Savills Vietnam
No new project has entered the market over the past quarter.
The first quarter saw high-end property market posting a transaction success rate of about 5%
Despite uncertainties in the property market, luxury villas with prime locations, private living environment and good amenities remains favorable to wealthy people, Savills reckoned.
Savills estimated more than 140 villa and townhouse projects will supply the city’s market with approximately 60,000 dwellings within the next eight years.
