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VinaCapital introduces luxury riverside villas

Released at: 17:44, 22/10/2015

VinaCapital introduces luxury riverside villas

Sales to open on October 29 at Nine South Estates in HCMC.

by Quynh Nguyen

On October 29, VinaCapital’s Vinaliving, in cooperation with Savills Vietnam, will open sales for the Nine South Estates luxury riverside villa project in Ho Chi Minh City.

According to Ms. Hoang Quynh Phuong, Director of the Residential Sales Department at Savills Hanoi, Nine South Estates targets customers in Hanoi and northern provinces as well as foreign buyers living and working in Vietnam with an intention to buy a villa as an owner/occupier or as an investment.

“Green space and other facilities in transport, schools, and hospitals are factors that will attract foreign buyers to Nine South Estates,” Ms. Phuong said. “More importantly, the investor’s reputation and attractive payment schedule are also important elements in attracting homebuyers to the project.”

Located on Nguyen Huu Tho Highway, Nine South Estates is some 9 km from the city center and only 2 km from the international-standard services available in the Phu My Hung urban area.

The project has a total of 381 riverside villas and garden villas, located in a closed residential area with nine security gates manned 24/7, with modern utilities such as schools, medical centers, shopping malls, and restaurants. They are expected to be completed and handed over in the second quarter of 2017.

Mr. Matthew Powell, Director of Savills Hanoi, said that in recent years the real estate market has seen significant changes, with the most notable being the development of resort real estate. “Not only foreigners but also Vietnamese investors are interested in projects with high investment value,” he said.

If the price of a product is competitive to similar products in the region, he added, with the favorable policies of the government to facilitate homebuyers Vietnam will surely become a leading destination for international investors.

During this sales opening the investor is providing special incentives, such as offering discounts of 2 to 4 per cent.

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