Scenic Valley And New Records

The fact that  all of 360 Scenic Valley Apartments were ordered right in the morning announcing  the two  phases of the sale on October 4th and 25th , 2014, has created a new record in the rate of purchase of  apartments after the first project  launched by Phu My Hung  in 1998.

If witnessing more than 900 people attending  the launch of the first offering phase (October 4th , 2014)  and over 350 attendees at phase 2 (October 25th , 2014) , one can see the appeal of Scenic Valley project at the time the real estate market was identified as a little warm up; not to mention, the announced time of the two phases was only 20 days apart.

The drawing method to decide who had the right to buy apartments was applied to both phases because the number of customers was more than the products offered. What was worth respecting was that many customers were waiting until the last minute when the ballot with their names was announced. The number of customers from the provinces was rather big, who intended to buy apartments for their children to study in HCMC as well as for them to retire. Among thousands of people attending the launch of the two phases, many foreigners from countries, such as Britain, France, Korea… also came looking for an opportunity to buy a home, and as a result, about 15 customers bought the apartments.

The prices aree affordable, the total prices are reasonable, therefore many families chose to buy 2 apartments or more for the whole family to gather in the same block.

In addition to long-term payment schedule, the price close to true value, Phu My Hung also cooperates with Vietcombank to support preferential interest rates for customers who need a loan to buy a home in Scenic Valley. Accordingly, in the first year, customers will pay a fixed interest rate equivalent to 12 month saving interest rates in VND, currently at 6.2% per year. In the next two years, the interest rate is fixed and equivalent to 12 month saving interest rates at that time plus 2.5% margin. From the 4th year onwards, the interest rate is equal to 12 months deposit rate plus margin of 3.5% per year. Especially, customers receiving salary via Vietcombank (from 10 million VND or more per month) will be reduced by 0.2% for the first 12 months, i.e. only 6% per year. About the rate and duration of the loan, customers can borrow up to 70% with the maximum duration of 20 years. The program will be applied to the credit contract signed by the end of June 30th 2015.

ANZ Bank also provides information about its own interest rate package for buyers of Scenic Valley with stable interest rates at 8.4% fixed for 2 years.

MARKET ASSESSMENT OF SCENIC VALLEY PROJECT

CUSTOMERS

Customer Ho Thi Lan Anh (District 7): I am delighted to be the winner of the draw to have the right to buy Scenic Valley apartment soon, so I have the opportunity to own. This area is close to the center of District 1, with open space, and landscaping in Singaporean style is modern.

Customer Le Phuong Linh (District 8): “Phu My Hung has been in Vietnam market for 20 years. Since the Phu My Hung urban area was formed, I had the idea that someday I would get an apartment here. In the meantime, I found the Scenic Valley project had reasonable and affordable price. I decided to buy an apartment to live in, firstly because I like the environment here, secondly the price is affordable and thirdly there is FV Hospital, Tam Duc Heart Hospital, and it is next to the golf course, tennis court and swimming pool, so it is convenient for life. “

Customer Kang Hee Jo (Korea): “I have lived in Vietnam for 20 years. I know Phu My Hung as an urban area with a variety of services, such as restaurants, hospitals, schools … which have developed synchronously for a long time. What I like most in Scenic Valley project is that there are a lot of green trees so life is comfortable here. “

Customers Jeanlee (Singapore): “Phu My Hung is unlike other cities in Vietnam, you can comfortably walk on the streets, and it is safe. Moreover, in Phu My Hung there are enough utilities therefore it is very convenient, the added value is here. “

FEELING OF THE BANK

Mr. Nguyen Nhu Tuong – Head of Customer Office, Vietcombank South Saigon: “Phu My Hung is one of the investors who especially has credibility in southern part of the city. When Phu My Hung introduces products, they are welcomed by customers no matter in what phase. Concerning Scenic Valley, this project is located in the Health Nursing area, very near the center of community health care, schools as well as business centers, meeting customer needs. The fact that Phu My Hung offers Scenic Valley Apartments is a desire of businesses in real estate in Vietnam today. However, we are not surprised by this. With the products suitable to various types of customers, Phu My Hung has attracted many people from other places to live, creating a civilized and modern community. “

Mr. Duong Duc Hung – Director of Personal Customers – ANZ Vietnam “ANZ Bank is very pleased to cooperate with Phu My Hung in financing customers to buy apartments of Scenic Valley project. This is a partnership between Phu My Hung, the prestigious investor in Vietnam’s leading and the leading retail bank in Vietnam ANZ. The ultimate goal is to provide easy access to capital for customers with the most reasonable cost so that they can own a house as desired, in this case is Scenic Valley. “

Scenic Valley is the second projet located in the Health Nursing area (behind Green Valley project) of Phu My Hung urban area which is built on the premise of more than 3.2 ha, construction area of 9,710 m2 accounting for 30%, the rest is for open space, transportation and outdoor utilities. The total floor area of the building project is 181,286 m2 and when the project is put into operation, it will increase the total building floor area of A area up a 2.7 million m2. Scenic Valley designed by KYTA from Singapore will be an ecological utility living space with Singaporean style , including 7 buildings, from 16 floors to 24 floors providing to the market 1,202 apartments being put into use in 2017.

MILESTONE EVENTS AROUND SCENIC VALLEY PROJECT

September 6th 2014: OPENING OF MODEL APARTMENT A1 TYPE 77 m2- AND B3 TYPE 107m2

This is the opening event for the media program to offer Scenic Valley project, with about 250 participants.

October 2nd 2014 : PHU MY HUNG SIGNED AGREEMENT WITH VIETCOMBANK TO SUPPORT CUSTOMERS WITH BANK LOANS TO PURCHASE SCENIC VALLEY APARTMENTS WITH PREFERENTIAL RATES, which is considered as the best interest rates on the current market.

October 4th 2014: OFFER PHASE 1 WITH 100% PURCHASE RIGHT ON THE DAY OF ANNOUNCEMENT : 251 apartments 70m2 to 84 m2 area of Buildings D2 and E1 were ordered in the morning of the same day.

October 25th 2014: OFFER PHASE 2 WITH 100% PURCHASE RIGHT ON THE DAY OF ANNOUNCEMENT : 109 apartments from 83m2 to 103 m 2 of Building C2 were ordered in the morning of the same day.

October 4- 25th 2014: GIFT OF SCENIC VALLEY INTERIOR DESIGN: Phu My Hung gave customers who bought the apartments interior design books with house styles, contemporary interior design, helping buyers save time and costs when choosing design units at the time of receipt.

November 29th 2014: OPENING OF MODEL APARTMENT C3 TYPE – 126 m2: 250 customers, partners and the media attended the opening ceremony of the model apartment C3. SMARTHOME intelligent technology application is the hallmark of the design of model apartment C3 to help customers feel the convenience in living space when this application is installed.

January 11th 2015: ANNOUNCEMENT OF SCENIC VALLEY PHASE 3: Announcement of Phase 3 with the sale of apartments of Building ABC – building with the most beautiful location in the overall Scenic Valley project.