Tan Binh ICC launches low-cost condo project
26-06-2012
 a view of Tan Mai apartment project in HCMC’s Binh Tan District - Photo: Dinh Dung |
Some 60 apartment units of 47-67 square meters will be marketed at VND700 million to VND950 million per unit.
In order to woo customers, the developer allows homebuyers to make a down payment of 35% and settle the remainder over three years.
For those needing credits, ANZ and Vietcombank will offer homebuyers home loans with an annual interest rate of 13-13.5% and a term of 10 to 20 years.
There is a huge demand for housing in HCMC, said Pham Thi Phuong Lien, a representative of Tan Binh ICC. Given tough financial constraints, it is still unlikely for low-income people to own a home.
Though the company allowed for a down payment of 50% half a year ago, many buyers were not able to pay on schedule, Lien said. This is why the firm has introduced a new payment method to support homebuyers, she added.
Tan Mai Apartment has two blocks of 18-21 floors with 752 units. Late last year 272 units of block B had been transferred to buyers.
