Gamuda Land kick-off Eaton Park with nearly 2,700 attendees

Gamuda Land and 24 official distributors held the "Kick-off" ceremony for the Eaton Park project on March 15, marking the beginning of the launch of the latest "super product" of this foreign real estate giant in the Vietnamese market.

Speaking at the ceremony, Mr. Gim Teck Yew, Director of Sales & Marketing of Gamuda Land (HCMC) shared that Eaton Park is a key high-end project of Gamuda Land in the East of Ho Chi Minh City and is part of the QTP (Quick Turnaround Project) development strategy of this investor to expand its business scale in Vietnam.

“Eaton Park is developed with the goal of becoming a new standard home model for an elite, modern community of residents who are looking for an ideal place to live in harmony with nature, balancing body, mind and spirit while still retaining an upper-class spirit,” said Mr. Gim Teck Yew.

The investor announced a very attractive sales policy at the event .

At the event, Gamuda Land announced an attractive sales policy. Accordingly, customers only need to pay 5% of the apartment value to be able to sign a sales contract. With an extremely favorable payment schedule of up to 5 years, in the first 3 years, customers only need to pay a total of 30% divided into 6 installments until receiving the house handover notice. When receiving the house, customers must pay an additional 35%, and the remaining cost is divided into 2 installments, each installment of 15% in the following year.

According to many agents attending the ceremony, this is considered one of the most attractive sales policies in the Southern real estate market today.

In addition, the investor also offers a preferential discount rate (usually not less than 5%) for customers who book early.

Located in the old central area of District 2 of Thu Duc City, Eaton Park is one of the projects with the most prime location in the current real estate market of Ho Chi Minh City, located right on the front of Mai Chi Tho Street, only 15 minutes drive from the center of District 1.

On a total land area of 3.77 hectares, the project is planned with 6 towers from 29 to 39 floors high, providing the market with 2,052 products, including 1,968 luxury apartments from 1 to 3 bedrooms, 12 penthouses, 52 service shops in the podium and 21 shophouses, with an estimated total development value (GDV) of more than 1.1 billion USD.

Eaton Park has a prime location and unique architectural design.

Gamuda Land is one of the prominent foreign investors that has been present in the Vietnamese real estate market for many years.

In 2007, this investor spent nearly VND8,600 billion in initial investment capital to develop the 292-hectare Gamuda City urban area in Hoang Mai district, Hanoi and VND3,600 billion to develop the 82-hectare Celadon City urban area in Tan Phu district, Ho Chi Minh City. To date, these two projects have become the most prominent international green urban areas.

Following those successes, Gamuda Land is showing strong ambition to improve its position in Vietnam with impressive moves in recent times.

In 2022, Gamuda Land successfully completed two consecutive large-scale M&A deals. The first was the acquisition of the Artisan Park commercial townhouse project in Binh Duong New City. This deal was worth up to 54 million USD, ranked in the Top 10 most typical M&A deals of the year. Next, Gamuda Land merged with a domestic company to own the Elysian luxury apartment complex project with an estimated GDV of over 250 million USD in Thu Duc City, Ho Chi Minh City.

Eaton Park is the third consecutive deal within 2 years, with the land transfer cost alone reaching 315.8 million USD (about 7,200 billion VND). It is known that the condition for Gamuda Land to carry out this deal is that the project is in a strategic location and has full licenses to be ready for immediate construction.

In addition to impressive strides in the market, in recent years Gamuda Land has also emerged as one of the pioneering enterprises in complying with Environmental, Social and Governance (ESG) principles.

This orientation is concretized by applying Biophilic architectural design methods to the project, aiming to create residential communities living in harmony with nature.

In parallel, Gamuda Land has established and committed to effectively implementing the Gamuda Green Plan, a comprehensive framework with tangible, measurable targets, guided by ESG aspects set for the next 5 years, with a vision extending to 2030 and beyond. Some other targets include a plan to reduce direct and indirect greenhouse gas emissions from operations by 30% by 2025 and 45% by 2030.

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