100% Sold Out: Phu My Hung Surpasses 2024 Sales Goals Ahead of Schedule
By end of November 2024, Phu My Hung achieved a remarkable milestone: a complete sale out of its year 2024 product. This result signifies the early completion of its business targets for the year and reinforces its standing as a leader in Vietnam’s real estate market.
Why is Phu My Hung’s Real Estate So Attractive?
Phu My Hung – A Benchmark for Quality Living and Sustainable Value
Renowned as one of Vietnam’s most urban with the modern and sophisticated living style. Its designed master plan full-function residential, commercial, recreational spaces, international schools, and healthcare facilities, creating a well-rounded and desirable living city.
This blend of unique advantages makes Phu My Hung a top choice for both domestic and international buyers. Beyond its residential appeal, Phu My Hung properties serve as an exceptional investment channel. The prime location, robust infrastructure, and the developer’s strong reputation ensure steady value appreciation, high liquidity (easy to buy- to sell and to lease), and security for buyers, whether for investment or living purposes.
High Demand Amid Limited Supply
The Vietnamese real estate market faces a significant supply shortage, and Phu My Hung is no exception. With only 15% of its residential land bank remaining, the availability of new properties is becoming increasingly constrained.
Noticeably, over the past five years, Phu My Hung has witnessed its lowest-ever supply of new developments.
Specifically, from 2022 to 2024, the developer launched only 315 units from new three projects are Phu My Hung The Horizon, The Aurora, and Phu My Hung L’Arcade, a “diamond” situated in the heart of the CBD.
This figure represents a 66% decrease in supply compared to the 2019-2021 period. All direct offerings from Phu My Hung, including the shophouses on floors 3 and 4 of The Peak (Phu My Hung Midtown), have sold out.
Currently, only a few shop units remain available in developments like Happy Residence Premier, Scenic Valley 2, and Grand View, with each location offering just 1-3 units.
The difference between supply and demand continues to drive up Phu My Hung’s property value including landed houses to apartments. Coupled with developer’s ongoing investments in infrastructure and services, Phu My Hung maintains its status as a top-tier urban area and a prime investment destination.
Phu My Hung real estate value is constantly increasing
The value of Phu My Hung properties has grown steadily at an average of 15% annually.
Notable periods of accelerated growth are the post-COVID-19 Recovery (2020–2023), the value of Phu My Hung living spaces made a hit that push Phu My Hung property prices increasing by 25% on average, far surpassing historical growth trends.
Growth in 2024 has continuous. Following the developer’s announcement of Phu My Hung 2.0 strategy, property values rose even further. The first projects implemented including the renovation of the Canal District Park and the launch of the landmark “5-in-1” L’Arcade project, have enhanced property desirability and value.
Some projects are mentioned Cardinal Court, delivered in early 2024, and apartments in the Canal District reported success transactions 30–40% growth in secondary market compared to the start of the year. Saigon South Residences (SSR) in Nha Be district also demonstrated strong price growth, underlining the enduring appeal of Phu My Hung properties.
A Testament to Sustainable Value
Phu My Hung’s success in selling out its 2024 products ahead highlights the value of sustainable development strategy. By adhering to a customer-centric philosophy, the developer continues to enhance property values, ensuring lasting benefits for buyers.
Market analysts believe that Phu My Hung’s “sold out” status also creates a ripple effect, driving the overall growth of the regional real estate market.
Strong believe that whether in Phu My Hung, Bac Ninh province, or any other location, the developer’s commitment to sustainable development and a customer-first will continue to guide all Phu My Hung’s activity. Staying true to its WIN-WIN philosophy, Phu My Hung ensures mutual prosperity for both buyer and developer.
