Great Location And Scenic Living Attracting Local And Foreign Homebuyers: Scenic Valley Residence
Block A with the most beautiful scenery was launched on June 6th, 2015. The block has three facades opening towards golf course, scenic river and internal garden, swimming pool…
Mr. Duy Tuong, a Scenic Valley homebuyer, said: “Sales of Phu My Hung’s projects are incredible because apart from the prestigious brand name and great master plan, the high liquidity is the significant point of Phu My Hung’s product. Scenic Valley is offered at affordable price. On the other hand, as a golfer, I really like Scenic Valley a lot as the golf course is right at doorstep”
Mr. Duy Tuong & Ms. Nguyet Hang
Serving well the need of good living space, Scenic Valley is also indeed highly sought after for its potential rental yield and high capital gain thanks to its location being close to the International Commercial and Financial District and the Crescent District where attract pool of foreign tenants.
Therefore, many customers looked into purchasing Scenic Valley for investment or their children. Parents purchase now and then let it out for several years and pass it on to their children when they need a place of their own. In the same thought and as an expert in finance sector, Mr. Duy Tuong commented “Now is the right time for buying home and from the business angle, real estate is still a profitable investment channel.”
Customers filled in a big venue with excitement on Scenic Valley launches
According to experts, the real estate market is showing signs of recovery, especially the amended housing law which takes effect from 1/7/2015 widening the house ownership rights of foreigners in Vietnam is expected to bring many positive changes and make a strong step towards opening up the Vietnamese real estate market to overseas investment.
One of the largest changes in the revised law, Nguyen Manh Ha – Head of the Ministry of Construction’s Housing and Real Estate Market Management Dept. said, is that properties owned by foreigners could be sub-leased, traded, inherited and used as collateral. This marked a major improvement on the previous policy that restricted ownership to purely being used as habitation.
On the other hand, realty experts noted that to foreigners, price is not always the most important driver to their purchasing behavior. Foreigners don’t buy the property because of price alone, they pay more attention on security, living environment, educational system, amenities…instead. In fact, just a minority of residential projects in the market currently can meet that demand of foreigners. The desirable living of foreign individuals and community now is Phu My Hung City Center where we can find a large international community of Korean, Chinese, Japanese, US, UK…making up over 40% of total residents in this urban area.
Recorded by reporters, there were lots of foreigners came to buy Scenic Valley in its block A launch event on 6th June. Mr. Kim Jeong Hoon (Korean) said: “Very happy and exciting is my felling now. I’m the first person got the ballot to buy Scenic Valley. I have lived and worked in HCMC for 5 years and I want to stay in Vietnam for a long time. That’s why I decided to buy this property. It offers residents a scenic living and is short distance to Crescent Mall, Saigon Exhibition and Convention Center.”
Not only standing out in location, design, price…Scenic Valley’s attraction also comes from long payment schedule and preferential home loan packages from Phu My Hung’s banking partners. The amended housing law (take effects in 7/2015) mentioned that foreigners are allowed to pay for the property via a financial organization operating in Vietnam. The banking sector is highly competitive and this should promote easier access to property mortgages for foreigners.
On launch days, customers purchased Scenic Valley condos joined lucky draw with many valuable gifts from banking partners of Phu My Hung.
