For customers who borrow capital, the bank also supports loans of 70% of the apartment value with preferential interest rates for more than 7 years. Investors predict that the policy will likely be applied by Vinhomes to projects in Hanoi .
Own a house in Vinhomes Metropolis with monthly cost equivalent to rent
Having closely followed the market for many weeks, Mr. Phan Hoai Nam (Hoang Mai District, Hanoi) commented: “If Hanoi had a similar policy to Glory Heights HCMC, it would be great. Thanks to this policy, home buyers do not need to borrow but only need to pay installments of less than 1% per month to settle down. If they borrow, they will not have to worry about interest for up to 8 years.”
Mr. Nam calculated that after deducting expenses, his family would have a surplus of nearly 20 million VND per month. If the same preferential policy were applied, after only 4 years, his family would be able to move into a 2-bedroom apartment in the ZR1 apartment building located in the The Zurich - Vinhomes Ocean Park subdivision (Gia Lam, Hanoi). His daughter would also have the opportunity to study at a good school near home and enjoy the physical development environment and green space here; something that she currently cannot access because the old house is in a deep alley, lacking a playground and garden.
The Zurich subdivision at Vinhomes Ocean Park with Swiss-style landscape
“With just 4 years of savings, you can buy a luxury apartment in Ocean City, the whole family can live like a resort every day, enjoy a series of amenities and countless festival activities right in the urban area…, and the rest can be borrowed from the bank, with interest support for the next 48 months, which is certainly a dream of many people. Accordingly, the group of single customers can choose a smaller apartment, the average payment is only from 8.6 million per month, equal to the rent,” said Mr. Nam.
Previously, in Ho Chi Minh City, Vinhomes's "unprecedented" sales policy contributed to creating a "record" of closing 2,000 apartments in just 34 hours of opening, in addition to the project's intrinsic values. 53 product consulting events held in 2 weeks were all packed with attendees. The scene of many long lines of customers showing up to complete procedures to own Glory Heights apartments was considered a milestone "breaking the ice" of the Southern real estate market.
Customers line up to sign procedures to buy apartments in Ho Chi Minh City with super preferential policies from Vinhomes
From the perspective of a professional investor, Mr. Dung Nguyen (Hai Ba Trung District, Hanoi), who has more than 15 years of experience in the real estate sector, commented that the strength of this sales policy is that the preferential period is long enough for investors to enjoy compound interest from leasing and wait for the price increase in the next real estate cycle.
“The fact that people with small capital can still buy Vinhomes apartments or receive the house first and pay later is a rare opportunity for many investors to access an attractive profit channel. Because, during favorable market periods, I have witnessed Vinhomes products increase in price by 30-40% a year,” he further analyzed.
Seize the opportunity to welcome the new market cycle
One reason why many customers are interested in Vinhomes' special incentive policy comes from the forecast that the market has recovered and will explode strongly when thousands of billions of dong in savings deposits mature from the end of this year.
According to Mr. Pham Anh Khoi, Director of the Dat Xanh Services Institute for Economic - Financial - Real Estate Research, when the cash flow returns to the market, many people will look for investment channels that bring higher profits than savings. "Those who are willing to invest at this time are the group with the highest expected profits, according to the past history of 2008-2009 and 2011-2012," the expert commented.
The effect of Vinhomes' super preferential policy is "creating a storm" in the Southern market.
During the high interest rate period from September to December 2022, a large amount of deposits poured into the banking system. According to statistics from the State Bank of Vietnam, by the end of December 2022, the total deposits at credit institutions were VND 11.82 trillion. Of which, there were many 6-month term deposits, which have now begun to mature. A huge amount of 12-month term deposits will also begin to mature from the end of the year and will likely flow into the market because current interest rates have dropped sharply.
The strong market growth at the end of the year will help customers who enjoy Vinhomes' special sales policy to have attractive incentives and catch the upcoming price increase. According to experienced investors, in the coming time, buyers should seize the opportunity when this breakthrough sales policy appears in Hanoi.
ZR1 apartment building is located in The Zurich - Vinhomes Ocean Park subdivision. The Zurich is located on Dai Duong street, right at the entrance to Vinhomes Ocean Park, opposite San Ho lake and adjacent to high-quality schools such as VinSchool, Brighton College Vietnam. As the first cooperation product between Mitsubishi Corporation and Vinhomes in Hanoi, luxury apartments at The Zurich own an internal landscape inspired by Switzerland: Zurich clock tower, Rhine Fall fountain, Zurich Fountain landscape pool reflecting on the blue, peaceful Geneva lake... along with the great amenities of Ocean City bring a resort-like life every day.
PV
Source
Comment (0)