Over 500 condos of Saigon South Residences were deposited in the first sales launch
On 23rd October, over 1,000 people took part in the launch event of Saigon South Residences’ block A at The Adora (District 7, Ho Chi Minh City) by Phu My Hung Development Corporation.
The firm ran a ballot drawing to identify the priority of product selection with 321 condos of block A. In less than two hours, 100% condos of this block were completely sold out. Due to the number of participants were three times higher than the amount of launched units, Phu My Hung decided to launch extra 200 condos of Block B in order to open more opportunities for customers. At the end of launch event, the successful consumption ratio of Saigon South Residences reached over 90% out of 521 condos in phase 1.
Over 1,000 customers participated in the phase 1 launch of Saigon South Residences
Customers rotated the box to decide selection right of condos by ballot drawing
As far as the information is concerned, this is the first project that Phu My Hung applied the longest payment schedule with the price ranging from 2 billion VND/ condo (Include VAT, maintenance fee, and land use fee) that appeals customer attentions, especially the youth who have stable income and crave for a quality living space.
The first customers won the right to select condos of Saigon South Residences
Accordingly, customers buying condos in this phase will be offered 38-month payment from the period of successful deposit to the handover which is equivalent to 50% of condo price. At the deposit stage (15% of condo price), customers make two payments within 60 days. Six months later, in mid-2017, when signing contract, customers only need to pay 5% of condo price. From the period of signing contract to the handover (10/2019), the total value of payments is 30% with an average of only 1%/ month, equivalent 20 million VND. The rest 45% will be paid by the time of the handover (late 2019) and the last 5% will be paid when receiving the ownership document.
Customers were being consulted to buy condos
In addition, the developer also cooperates with 30 banks being ready to offer home-loan packages and Saigon South Residences’ condos will be used as collateral for bank loan.
Developed by the reputable developer- Phu My Hung, the optimal payment schedule, diversified condo sizes from 2 – 3 bedrooms, of which 68% are 2-bedroom (60 – 70sqm) appropriate with the financial capability of the youth. That is considered as a plus for Saigon South Residences when the market is currently dealing with abundant supply of housing.
Located at the central point of the key transport infrastructures in the South of Ho Chi Minh City such as: Nguyen Huu Tho Avenue (connect to central districts), Metro Line No.4 (connect the South site to city center), Ben Luc – Long Thanh highway (expect to open for traffic in 2018), etc. The real estate experts in Ho Chi Minh City evaluated that Saigon South Residences perfectly satisfy both two criteria: living and profitable investment for the future.