More than 500 customers attended Riverpark Premier's first phase launch Eventon on Sunday. This is a new high-end apartment project by Phu My Hung Development Corporation in HCM City's District 7.

Within 2 hours, 99 per cent of 161 apartments in blocks A and B were sold, and 25 percent of them were purchased by foreigners from several different nations.

The apartments' price range of VND6 billion (US$269,000) to VND18 billion ($807,000) is considered reasonable since it's a high-end project that expected to create a new standard for luxury living in HCM City.

Riverpark Premier is consisted of three blocks A, B and C with height range from 13 to 22 floors and total 268 apartment units including 3 duplexes, 4 penhouses, and 13 store units. Each apartment unit comes with space for a car in the parking area, which customers find very pleasing.

Additionally, the project location is beautifully close to the city center,next to the river, parks, schools and main streets.

More than a few foreigners from many nations were spotted at the launch event.According to the developer, out of more than 500 people attended, 26 percent were foreigners.

Majority of the foreigners said Riverpark Premier attracted them because of its low ratio in construction density.

The project spreads over an area estimated of 14,500sq.m, however, the construction part will only occupy 48.4 percent or 7,000sq.m, the rest will be used for open green space.Once the project complete, Riverpark Premier will possess the lowest floor area ratio (FAR) in HCM City of a mere 3.57.

Mr. David Thomas and his wife came to know about Riverpark Premier through Heritage magazine on a flight to Da Nang for a holiday. Afterwards, they researched more about the project, and fell in love with it.

Mr. Thomas said he chose the project because he and his family can enjoy variety of facilities.

The project has a new concept of luxury living where privacy is a priority, he said. Also, it is very important for him that the location is nearby several international schools, which means more convenient for his children.

One more great advantage of Riverpark Premier is its payment schedule, 1 per cent per month and only 50 percent by before handover, the rest will be settled at the time of receiving the apartment.

The next and final launch event for the most beautiful block (block C) would be on September 10.