Opening the door to luxury

December 02, 2010 | 10:54

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Hanoi-based customers have the chance to invest in Villa Park, a luxury villas project in Ho Chi Minh City.

Developed by Khang Dien Investment & Trade Development Real Estate and Prudential Vietnam, the District 9, 11.2ha Villa Park project is rapidly developing.

Having started construction in 2009, the swimming pool, tennis course, gym and park were finished and have gone into operation.

Situated at Phu Huu ward, the 213-unit Villa Park is next to the city’s arteries such Long Thanh-Dau Giay highway.

Marc Townsend, general director CBRE Vietnam said: “The launch of Villa Park is a phenomenon in the current property market. Whilst sale of other high-end property projects, put on the market by CBRE is slow down, about 70 per cent of total units belonging to Villa Park was sold out within only four months.”

Ly Dien Son, general director of Khang Dien Company, said: “The Villa Park is our first luxury villa project in Vietnam. Via the project, we would like to affirm our position among realty companies running in high-end segment and also affirm that Vietnamese enterprises can develop remarkable projects to satisfy demand for high-end accommodation products.”

All 140 units of the 213 villas belonging to the project were sold out.

Established in 2001, Khang Dien is developer of at lease 15 large-scale property projects across Vietnam. The company’s two largest partners are VinaCapital and Prudential Vietnam.

By Thanh Thuy

vir.com.vn

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