Sales at new block in District 7 open to overseas Vietnamese and foreigners.
On September 14 the Hung Loc Phat Construction & Manufacturing Co. officially announced that construction of its Hung Phat Silver Star project on Nguyen Huu Tho Avenue in District 7, Ho Chi Minh City, would be begin in October and be completed in the third quarter of 2017.
The project will have three apartment blocks with a total of 447 apartments, a three-storey shopping mall, and a large rooftop swimming pool. This is the second apartment block project of Hung Loc Phat, with sales being conducted until 2018 to al customers, including overseas Vietnamese and foreigners.
To 2018 the company will build four other projects in South Saigon with a total of 4,000 apartments and investment of VND8 trillion ($375.6 million).
The Hung Phat Silver Star project is only 100 meters from an under-construction urban railway station, which will provide residents with easy access to the city center, hospitals, supermarkets, schools, and their place of work.
Prices will be very competitive, lower than the average level by at least VND3 million ($140.8) per sq m because the investor has sufficient financial resources and will not rely on bank loans. For only VND1.3 billion ($61,000) and with flexible payment methods, customers can own a luxurious two-bedroom apartment.