On the morning of March 18, at GEM Center ( Ho Chi Minh City), the signing ceremony of cooperation for the luxury apartment project No. 04-06 Bac Son (Vinh Hai Ward, Nha Trang City, Khanh Hoa) took place between NPL Company Limited (investor) and the development unit APG Holdings, the general contractor APGCONS and the exclusive distributor EximRS.
Comprehensive cooperation strategy with long-term vision
The signing ceremony of the high-end apartment project No. 04-06 Bac Son is an important milestone, marking the cooperation and strengthening the sustainable development relationship between NPL Company Limited (NPL) and An Phu Gia Holdings Joint Stock Company (APG Holdings). With a team of professional staff and many years of experience in implementing and developing real estate projects, APG Holdings confidently affirms its capacity and determination to create a strong breakthrough in the project.
At the signing ceremony, Mr. Phan The Hoang - Chairman of the Board of Directors of APG Holdings said: “To have the honor of developing this project, I would like to express my sincere thanks to the Board of Directors of NPL Company Limited for trusting APG Holdings as the project developer. This strategic cooperation event has demonstrated APG Holdings' comprehensive capacity for a large-scale project with sustainable development potential such as the high-end apartment project No. 04-06 Bac Son”.
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| Representatives of the Investor and the project developer held the signing ceremony for the luxury apartment project at No. 04-06 Bac Son, Vinh Hai, Nha Trang, Khanh Hoa. |
It is known that in this project, APG Holdings is the project developer, and its member companies APGCONS and EximRS will take on the roles of general contractor and exclusive distributor, respectively. With a "trio" of extensive experience and successful implementation of many large-scale real estate projects in the national market, the luxury apartment project at 04-06 Bac Son will be invested comprehensively with high-class quality according to a long-term development strategy and closely monitored by related companies. This is also a breakthrough solution from a closed ecosystem that has been successfully applied by APG Holdings to a number of previous projects such as Grand SunLake (Ha Dong, Hanoi ).
At the event, the representative of the investor NPL performed the signing ceremony with APG Holdings, APGCONS, EximRS and the design consultant - ASIDEC Architecture and Interior Company Limited. The investor believes that the cooperation between reputable enterprises with many years of experience promises to create a breakthrough for the project as well as bring a new breeze to the Nha Trang real estate market, introducing to customers product lines that meet many market segments with high-class quality and transparent legality. After completion, the project is expected to bring modernity and prosperity to the Bac Son area and become a quality residential and accommodation destination for residents and tourists when choosing Nha Trang Bay.
True value of life in Nha Trang Bay
Since the end of 2023, Khanh Hoa's real estate market has shown signs of recovery thanks to the positive impacts of the tourism industry and especially a series of key transport projects being implemented. At the same time, positive changes in macroeconomic management policies have also brought new momentum to the market. Accordingly, it is noteworthy that the 2024 Land Law makes it easier for overseas Vietnamese (people residing abroad, without Vietnamese nationality) to buy houses in the country, enjoying full rights to land and housing like domestic citizens and Vietnamese people residing abroad.
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| APGCONS will be the general contractor for project 04-06 Bac Son - Vinh Hai - Nha Trang - Khanh Hoa |
In the new law, Article 28 also specifically stipulates that overseas Vietnamese who are allowed to enter Vietnam are allowed to buy or rent houses attached to land use rights, receive land use rights in housing development projects; inherit land use rights and other types of land on the same plot of land with houses.
Another information that has a positive impact on the Vietnamese real estate market in 2024 is that the amount of remittances to Vietnam is relatively stable in 2022 and 2023. In 2023, the amount of remittances reached 16 billion USD, an increase of 32% compared to 2022. Statistics from 1993 to 2022 show that the amount of remittances sent back was over 190 billion USD, almost equal to the amount of FDI capital disbursed in the same period. According to data from the State Bank, remittances to Vietnam are over 10 billion USD each year. With the above information, the Vietnamese real estate market is expected to have positive changes, especially for overseas Vietnamese customers.
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| EXIMRS will be the exclusive distributor of the apartment project with a prime location in Nha Trang Bay, promising to create new attraction for the market here. |
It is expected that in the second quarter of 2024, the Nha Trang real estate market will launch many projects, notably the luxury apartment project No. 04-06 Bac Son. The project is located in a prime location in the center of Nha Trang City, on Bac Son Street and adjacent to Pham Van Dong coastal road. From the project, it only takes 3 minutes to move to the famous Hon Chong beach with a diverse complex of utilities such as 5-star resort hotels, high-class restaurants, seafood markets, bars & clubs...
The project has a total investment of 490 billion VND with an area of 1,970m2, expected to supply 434 apartments to the market. With the desire to create a new standard of living space, the investor NPL and the project developer APG Holdings will invest in a closed utility system, meeting all the living - entertainment - recreational needs of the community. The apartments in the project have impressive views and are optimally designed to take advantage of the beautiful sea view. In particular, the apartments are optimized for use, bringing many benefits to the owner, creating a diverse product line that can combine investment apartments for tourism real estate exploitation, while also being a warm coastal home and long-term ownership. The project promises to bring a top-notch living space along with effective investment value right in the bustling coastal city of Nha Trang. It is known that luxury apartment No. 04-06 Bac Son is expected to be launched on the market in May 2024 with prices starting from only 1.5 billion/apartment, long-term ownership.
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