In recent report made by a consultant and market research firm said, the number of successful transaction in apartment segment in first quarter of 2015 in Ho Chi Minh City increased 130% over the same period time last year with more than 5.000 units offered this time (reports from Savills).

The supply is abundant while the demand improved, lots of new projects were introduced to the market, most of them have reasonable price, good locations that created attraction to the customers. But is it too early to say the market is already on its trend of recovery, the price is starting to go up in general speaking?

A sales manager from a real estate company in Ho Chi Minh City said, the matter whether the price is up or not still need careful consideration, not just depends on some noises in the market, because it just lead reasons for investors blowing the bubble price. It is not smart decision these days to do some tricks at price due to the customers now really sober.

Although the fact is that, there are some projects with nice locations, the prices per square meter are quite different between the construction phases are tens of millions, even hundreds of million VND; but it is just the surface of the problem due to the later phases could focus on utilities, improve disadvantages in construction and design from the first phase, or spare some “spaces” for secondary investors to have differences in term of income.

Galaxy 9 luxury apartment in District 4 is one of the hottest projects near Saigon Business Center

Moreover, there are also situations in which the apartment price is being increased in comparison with the time the market is still bleak; but it only happened when the projects have achieved certain progress (i.e. nearly delivery) or completed. But, you have to look really into the inside of story, the investors will offer flexible sales policy together with discount policy, gifts, pay in installs with deferred interest…with that to say, the price stand still after times of up and down.

The point is, the seller made a psychological impact, felt “gaining over losing” to the buyer. It is unlikely to happen when the market at the time of 2007 and early 2008.

That is still not mentioning about the intensive competition from the apartment market in Ho Chi Minh City, the supply is everywhere, from the inner city to the suburban, so the actions like the sudden increased price or over pricing effects only make congested output.

This is due to, the buyers have too many choices and the information nowadays is reachable so that they get easily confused or change their decisions even when the price have very little, little fluctuation.

VietApartment NEWS compiled

Literatured from Saigon Businessman

This information is from our partner distributor in River Gate apartment offer in May, 2015. The percentage each stage may be changed to be higher because Novaland, or any developer of project, prevents the surfering effect that blow up the price and ruin all the market.

PRICING & PAYMENT FOR RIVER GATE APARTMENT

PROMOTION
( Applied from April 1st, 2015 to new paper issued )

1. For the customer receive basic apartment (non-furnished)
– Applied for all customers buy apartment in River Gate apartment.
– If you don’t want to receive partly-furnished package, the value of the package will be directly calculated to the selling price included VAT equivalent to 2.500.000 VND per square meter plus the using area of apartment.
– Duration to upgrade basic apartment to furnished apartment is 6 months.

2. SH motorbike present:
– Customers will be offered present of SH motorbike:
+ For apartment 1 bedroom and 2 bedrooms apartment in River Gate: 1 motorbike SH 125cc values 66.000.000VND.
+ For River Gate 3 bedrooms: present SH 150CC value 80.000.000 VND.
(Present can be directly calculated in to selling price).

PROMOTION OF RIVER GATE OFFICETEL
( Applied from April 1st, 2015 to new paper issued )

1. River gate officetel will be upgrade from basic standard to furnished standard:
– Applied to all customers buy officetel
– Duration to upgrade basic officetel to furnished officetel is 6 months

2. First year renting out commitment:
– Value of renting out for first year: 420.000 VND/sqm/month (calculating on the using area of officetel.
– Criteria of this commitment: At least 2 months from the day you receive ownership of your officetel, you have to furnish your officetel (kitchen, air conditioner, lighting system, bed, table, sofa, TV, refrigerator, desk) and handle back to Novaland to conduct commitment of renting out in one first year. You will receive you rental rate every 3 months and have to pay any tax if exist: Khách hàng nhận tiền thuê mỗi 3 tháng 1 lần và phải thanh toán tất cả các loại thuế theo quy định của pháp luật bao gồm: VAT, personal income, purchasing tax …
– Specially to customers who own officetel from 1 to 7 lot, 27 to 32 lot: if you don’t accept renting out commitment, you can ask for directly calculated in to selling price included VAT value equivalent to 420.000VND/month plus using area in 6 months.

PRICING OF RIVER GATE APARTMENT

PRICING OF APARTMENT FOR SHORT PAYMENT

PRICING OF RIVERGATE OFFICETEL

PRICING OF RIVERGATE OFFICETEL IN SHORT PAYMENT

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In two or three next months, you will have much priviledge to buy RiverGate apartment in District 4 for some reasons:

+The price is on the bottom of the crisis condition of the market. When time last, the price will go up.

+RiverGate apartment is developed by Novaland investor, a famous and big company in Vietnam.

+You have many alternative choices like Icon 56 apartment or Galaxy 9 apartment and it have many rushing buying customers.

+Many foreigners are looking the movement of the market and looking for a sustanable development and they will set their decision when law is made clear to protect their own benefit.

+Last but not least, is the service of River Gate apartment. Novaland, all the developers, from the single one, employee, try their best to build construction that values.

SERVICES OF RIVER GATE APARTMENT

River Gate Project is fully furnished with advanced facilities to serve the best life for all the residents living here. Customers can meet all the needs of daily living with designed services such as swimming pools, commercial shopping center, spa, gym,cafe, restaurant and many other high-end gadgets.

Shopping mall in River Gate apartment is model of wholesale and retail business model which meet the various shopping needs of almost people with a reasonable price. Opening, large in width hall facilitate the selection of favorite products of customers. Every shop in River Gate aims to diverse products for variety of customers demand. For parking? Don’t worry, you will have very big place to park your car, even the big car. Then you can go to have a rest, even after long shopping time, in food, café area. That is a truly value of a commercial center that differs.

Officetel is a new model of property product, is expected to attract more investors from the market. This model is a combination of Office and Hotel, which means that the owner has the right to both business and residence registration for his apartment Officetel. This model is attracting the attention of the market and expected to grow significantly in the coming years. Come to River Gate apartment, customers is hardly ignore the new model of Officetel on the area from 26 to 31sqm, this is the first investment options for those who prefer to buy an apartment for rent. You can design a one-bedroom apartment for staying and working. This type officetel of River Gate apartment is suitable for singles for its affordable rental rate and have sufficient utility to use, such as swimming pool, gym, shopping and dining area. You will attract big intention and have a big chance to rent you apartment out.

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River Gate apartment is one of top projects that is constructed by Novaland company. You may consider Galaxy 9 apartment or Icon 56 apartment of Novaland also but River Gate apartment has its own features. Located very closed to BenThanh Market, beside the River and oposite to the 23/9 Park, River Gate apartment will be a great choice for you to live in The Center of Saigon. Moreover, with the movement of new financial center, from RiverGate apartment, you could quickly reach to that in District 2.

In RiverGate apartment, you will have another choice of officitel for your business. A place to live and do business is a dream of many people and this time for all of that dream come true. In this post, we show you a flat structure of RiverGate Riverside apartment. All of area of single apartment are shown clearly. Hope this will be useful in helping you to come to buying decision or renting it as well.

Everything is ready for an elegant riverside River Gate building

Flat structure of River Gate Apartment

Flat structure of office in River Gate apartment

Office-tel flat structure in River Gate project

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River Gate apartment shows its central location in above map.

River Gate Apartment is located at 151 Ben Van Don Avenue, District 4. River Gate is one of the most extremely good apartment in District 4. It is located in frontage of Ben Van Don Street, at the foot of Ong Lanh Bridge, parallel to Vo Van Kiet Avenue, only 200 meters to reach commercial and financial center of Ho Chi Minh City. In the near future, when the Ben Thanh –Suoi Tien subway is going to completion stage, from River Gate apartment, you can easily go to the Eastern area of Ho Chi Minh City.
– From River Gate apartment to District 1 approximately 200meters.
– Far from Ben Thanh market 500 meters.
– Far from 23/9 Park under 300 meters
– River Gate is closed to Ben Thanh-Suoi Tien metro
– From River Gate Apartment, you can easily go to District 5, District 10 and District 2 by Vo Van Kien Avenue.
– You can also quickly go to District 7, 8, Binh Chanh and Nha Be District.

Overview of riverside area where River Gate apartment on
The location of River Gate apartment project is supported to be a “gold” location for long-term investment. Customers and investor will feel convenient for both business and residence. Hardly can you find a good apartment in the same area. In terms of wind and water, by oriental concepts, River Gate apartment is owning a prosperous place next to business center.

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Having a great location for transportation in District 4, River Gate Apartment will be a great choice for people who are working in Saigon Business Center. Living here, you can easily go to District 1 via Calmett Bridge and other District like District 3, District 5, District 8, 10 and 11. River Gate Apartment is supported to be the best apartment project in District 4 in 2015.

River Gate apartment designed in luxurious and modern way is a most high quality residence project in central region that Novaland is developing now. The project is a harmonious combination between offices, commercial centers and apartment into a perfect unity.

River Gate Apartment consists of two buildings from 27 to 33 high floors which area varies from 56.80sqm to 114.24sqm. After finish, River Gate Apartment is a symbol of beauty, harmony, grace and elegance beside Saigon River. All apartments hear are designed in open-air style in harmony with at least two surfaces exposed to river space.

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In few recent years, to adapt with the continuous development of the city and increasing popularity, many big projects in surrouding area of business center are developed and solve the demand of owning property of convenience right at the center of Saigon. One direction is on very high velocity of development is the sounth-east area- District 4 separated District 1 by some rivers. The traffic gradually built up and the only problem between District 1 and District 4, connection, is totally solved. At the present, some project you should take notice when you want to own a property near the Old Saigon Center are: The Rivergate apartment, The Galaxy 9 apartment and Icon 56 apartment. All of them is under construction, investment and developent of Novaland investor.

This post aims to inform you useful information about one excellent project right at Saigon Center, The Rivergate apartment. By some pictures in video and introduction of Novaland investor, we hope you can image, just generally, about very hot riverside project.

PROJECT INVESTORS

Novaland Group is a joint stock company whose activities specialized in the field of Investment and Real Estate Development in Vietnam. As an investor has wealthy financial background, high reputation and firmly success in the market with several famous project: River Gate Apartment in District 4; Tropic Garden Apartment in District 2; Lucky Dragon apartments in District 9; Sunrise City Apartment in District 7; Lexington An Phu in District 2; Lucky Palace apartment in District 6; The Prince Residence in Phu Nhuan District; Galaxy 9 D and Icon56 Residences in District 4

Novaland has received a lot of great prestige awards: TOP 10 investors headed Asia (BCI Asia Awards 2013), Vietnamese strong brand in 2013, Famous Brand ASIA 2013.
While the real estate market in Vietnam is still in the recovery stage, the Novaland constantly surpriseby announcement of acquisition a series of very big projects in real estate market such as Hoang Anh Gia Lai, Intresco , Savico, Dai Hung Phu … . Not only acquired many big projects, Novaland Group also prove its ability on selling villa, apartment and other properties. The latest results in ending months of 2014 is selling more than 1,000 apartments in just two months. It somehow surprise all the Vietnamese real estate market.
Mr. Phan Thanh Huy- General Director of Novaland Corporation: “Target of year 2015 is selling out 6.000 apartments, so we are continuing to open new projects “. As he mentioned, in 5 next years, Novaland focus in single house market. Besides the luxurious apartment products, they would change direction to popular apartment with price from 18-25.000.000 per square meter, sell out in big number and have small profit over quantity. As one head of Novaland, this popular segment is very attractive to both customers and investors.

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Pricing and payment play very important role in any project and in The Sun Avenue Apartment of Novaland, pricing and payment is introduced in involvement with promotion and financial support from the bank. When you have all the information of the pricing and payment of The Sun Avenue, you will quicker and have useful key to choose best fit project on the basement of analyzing actions and comparison. And the buyer and customers of The Sun Avenue Apartment of Novaland, have the additional reason to buy when they have support from VP bank and some interesting promotion in the selling policy of Novaland.

PRICING & PAYMENT OF THE SUN AVENUE APARTMENT

PRICING

PAYMENT

Customers will be offered from completion package to plus completion package
You will receive a SH Honda Motorcycle when:
– Buy a 2 bedrooms apartment value: SH 125 cc values 66.000.000 VND
– Buy a 3 bedrooms apartment value: SH 150 cc values 80.000.000 VND

SUPPORT FROM THE BANK

Three year fixed loaning rate of 7.49%/year.

Maximum financial support up to 85% value of The Sun Avenue apartment value.
Allows parallel disbursement, customers can be disbursed as soon as the payment after completed stage 1.
Free early repayment after 36 months.
An original maturity of 1 year.
Prolonged period of payment up to 1 year.

All these financial support start from April 1, 2015 to June 30, 2015.

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In Icon 56 apartment, you will have very big and attractive promotion and please note it as a grateful present for all the people who are  giving a trust in Novaland as a big company in Vietnam.

PROMOTION OF ICON 56 APARTMENT
( Applied from April 1st to June 31th, 2015 )

Furniture promotion
Customers who buy apartment in ICON 56 project from 4th to 13th will receive furniture promotion:
– 1 bedroom apartment: furniture values 150.000.000 VND (number 7, 8, 9, 12A, 12B)
– 2 bedrooms apartment: furniture values 205.000.000 VND (number 1, 4, 5)
– 3 bedrooms apartment: furniture values 240.000.000 VND (number 2, 3, 6)
– 3 bedrooms apartment: furniture values 330.000.000 VND (number 10, 11)
Furniture promotion can be directly calculated in to selling price included VAT.
Pricing
Selling price from 26.000.000 VND per square meter depend on location. High discount up to 7%. Flexible payment. You will be financed by Techcombank with loaning rate 8.99%/year fixed in 3 years

Pricing of ICON 56 apartment for normal payment.

Pricing of ICON 56 apartment for short payment.

SERVICES OF ICON 56 APARTMENT

– Remarkable and outstanding services: Owning a central location so that around the project you have a full range of extra advantages such as: Vincom Business Center, Financial Street, City Theatre, Children’s Hospital, green parks, system of schools and international education system. These are external services that you and family can have for a great life in busy Saigon Center.
Moreover, at ICON 56 apartment project area, you can have many services that can please you and family. All of services are at luxury standard.
– Aerial infinity pool (25th floor) with views over whole city. You can have very interesting experience when you both swim and sightseeing.
– Receptionist area with high luxurious halls 9meters in height.
– Social community of residents for communication and culture.
– Gym room.
– 2 subfloor for parking on standard.
– Security 24/24
– Convenience shop and super market at ground floor.

Gym room in ICON 56 apartment project

Super market on the ground floor of ICON 56 apartment

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