Eaton Park - The Main Project "Warms Up" the Real Estate Market in HCMC
3/14/2024 2:56:59 AM
The fact that famous foreign investor Gamuda Land is preparing to launch the luxury apartment project Eaton Park Thu Duc next May has created a vibrant atmosphere, dispelling the market's latest quietness.
Eeton Park - The Best Option for Investing and Living
Located opposite Mai Chi Tho, Thu Duc, Eaton Park has great potential to stimulate growth in value because it is the lifeblood of this area, two High-Tech parks are just a few steps away. This is also a radial road connecting main inter-regional traffic routes such as Hanoi Highway, existing National Highway 1A and Ring Road 3, Ben Thanh - Suoi Tien metro line under construction.
Eaton Park is not only a stylish, comfortable living space with more than 40 modern on-site amenities, but is also an iconic architectural work.
With a Biophilic design, the project appears as a fresh and clean ecological area with apartments in a unique "hanging garden" environment. Eaton Park green space not only creates harmony between people and nature but also acts as a buffer zone to filter out noise and dust. A fresh and pure natural space permeates and surrounds every corner of the project, taking care of each person's senses, bringing a living space full of emotions.
Eaton Park is sought after not just because it meets a market need. The appeal of the project also comes from its unique and unique "genetic code". The reputation and brand that Gamuda Land, a Malaysian real estate developer, has built for nearly decades, has become a symbol that ensures long-term peace of mind for every customer when deciding to invest.
Successfully creating and synchronizing world-class living space and methodical planning with high-quality amenities and services has helped Land projects in Ho Chi Minh City and Hanoi have average occupancy rates. . The average value after discount is always over 90%, quickly forming a civilized space and well-connected residential community. These are the foundations that cause the prices and rental prices of Gamuda Land's products to always have outstanding growth over time.
Eaton Park - The Vibrant Shades for the 2023 Real Estate Market
Main urban residential areas such as Ho Chi Minh - the economic engine of the country - are typical of this reality. Cushman & Wakefield's real estate market report for the fourth quarter of 2022 shows that the average selling price of apartments in Ho Chi Minh City in the quarter increased by 21% compared to the previous quarter. The price increase continues to be maintained. "Low supply and high demand make good products from reputable investors become the center of the market," emphasized the Chairman of the Vietnam Real Estate Association.
According to CBRE's report, the average selling price increase of apartments reached 2% compared to the fourth quarter of 2022, giving a popular price of 60 million VND/m2. The apartment segment also dominates total market liquidity, accounting for more than 72% of total liquidity in the first quarter of 2023.
Explaining the above phenomenon, Mr. Nguyen Van Dinh, Vice Chairman of the Real Estate Association and Chairman of the Vietnam Real Estate Brokers Association, said that although the market is facing many challenges, the demand for real estate Housing is always present in every situation.
Furthermore, at this stage, the investor group prioritizes products aimed at end users, meeting the potential for liquidity, cash flow, and price appreciation. Mr. Dinh also noted that a painful situation in real estate in Ho Chi Minh City is the serious lack of products due to legal procedures. "Low supply and high demand make good products from reputable investors the center of the market," emphasized the Chairman of the Vietnam Real Estate Association.
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