This is the first residential project in Phu My Hung with a very large commercial area (over 5,000 m2 for 164 apartments). In particular, this building has separate parking areas and entrances for residents and dedicated visitors to the shopping mall.

In the morning of June 30, Phu My Hung Corp. launched the Urban Hill project. The event attracted more than 500 customers even though there are only 164 units available for sale. Therefore, customers must draw to determine the order of priority in selecting the desired apartments.

As a result, just over an hour into the event, 96% of Urban Hill units were sold. In particular, the rate of successful transactions from foreign customers accounted fairly high.

Due to the overcrowding, customers must draw to determine the order of priority.

Thus, in the first 6 months of 2018, the total supply of Phu My Hung new products came into the market reached nearly 800 units of apartment and were sold almost completely on the days of opening sales.

Many customers are interested in the Urban Hill project because it owns stunning
panoramic views with low-rise building surrounded. Thus, Urban Hill has verylimited
number of apartment, only 164 units.

The number of customers is higher than the number of apartments available for sale.
Therefore, these are the customers who have “passed the review stage” thoroughly from 600
applications to buy apartments in many criteria from financial capacity, intellectual level to
the purpose of buying apartments.

According to the investor, customers who buy to live-in or invest in long-term lease
are factors for their application to be prioritized for approval. This is because the investor
wants the apartment buildings to be fully occupied once it is handed over, at the same time securing
the value of the apartments.

Furthermore, experts also claimed that when a project achieves the maximum occupancy
rate early in the process, it will not only help the project to operate better and
more stable overall but it is also an important factor to keep the apartment value stable for
the residents. Of course, once the supplies are limited with low transfer rate and high demand,
the real estate properties will have high liquidity and the value will increase accordingly.

Urban Hill is designed to have 2 basements. One basement is designated for shopping customers
and the other basement is a residential parking lot. This will ensure that the commercial block operates
efficiently while maintaining safe security and privacy for the Urban Hill residents.

With a facade on Nguyen Van Linh street, neighbouring the center of a populous and developed
Phu My Hung ensures a high consumer population for the commercial center.

The commercial area is spacious, designed to develop the lower floors into a large commercial
center that will generate tremendous economic value for the two buildings.

Due to the above factors, Phu My Hung’s projects always had high consumer’s demand,
and Urban Hill is no exception.

More than 500 customers rely on the lucky draw to select one of 164 apartments in Urban Hill.

Due to the overwhelming purchasing power of customers to Phu My Hung products,
the investor’s representative said that they are planning for the new project be located at Southside District,
with a direct view of the Chateau Villa, a Happy Residence Premier project that will debut this upcoming July.

If Urban Hill is the first residential project to have a large commercial center,
then Happy Residence Premier will be the only project in Phu My Hung that has a
translucent swimming pool. Happy Residence Premier is considered an upgraded version
of the original Happy Residence project, a project that Phu My Hung has found plentiful success before.

Via: Dân Trí