Property projects open doors this month

illustration photo

On March 12, INT Group offered for sale 49 villas at its Melody Villas 3 project with prices starting from VND2.2 billion ($106,280)/land plot. On the same day 12 villas under The Dune golf-course project were put on sale.

On March 16, developer SetiaBecamex Joint Stock Company promoted modern apartments at the 226 hectare My Phuoc EcoLakes green residential complex  to Hanoi customers. On October 2010 the first round of My Phuoc EcoLakes apartments were reportedly sold in Hanoi with upbeat sales figures.

In the near term, Ecopark developer Vihajico rolled out 600 apartments with diverse area ranges within the Palm Forest complex along with pen-houses and sky-villas with areas between 151sq.m to 167sq.m/each.

In early March, the Thang Long Xanh Investment Joint Stock Company offered for sale 10 first villas within the Hanoi-based Zen Resort and the Ocean Joint Stock Company tied up with EZ Property Vietnam launched 100 semi-detached houses and villas belonging to a hi-end residential complex in Bac Ninh city’s Nguyen Quyen road.

In addition, low-cost housing projects started to receive registration records from clients also in the period. Particularly, Sai Dong new urban area’s low-end residential project in Hanoi’s Long Bien district offered around 800 apartments, the Dang Xa new urban area in Hanoi’s Gia Lam district offered 1,000 apartments, Dai Mo low-end housing blocks put on sale around 200 apartments and the Kien Hung new urban area in Hanoi’s Ha Dong district offered 860 apartments.

According to industry experts, property developers aim to sell their products in March because other investment channels were in a bad way.

The securities market was slipping continuously while government agencies kept close eyes on gold and US dollar markets. Property emerged as a safe harbour to investors in this context.

Dai Thinh Real Estate Company director Le Khac Sang said March was an ‘appropriate’ time for developers to promote their properties as the gold and dollar reference prices have become relatively stable.