Total force to break the market ice

Over the past year, the Government has continuously introduced many solutions to remove difficulties for the real estate market. Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong said that as of June 27, credit for the entire system increased by 4.03%, but real estate business credit alone increased by 14% in the first 5 months of the year. This figure may not reflect the true nature of real estate credit growth (due to the low base at the end of 2022 and real estate business credit only accounting for about 1/3 of total real estate credit), but it partly shows that solutions to remove difficulties for the markets are starting to take effect.

Notably, at the National Online Conference between the Government and localities and the regular Government meeting in June 2023, Prime Minister Pham Minh Chinh requested to continue implementing a more proactive, flexible, loose, timely and effective monetary policy. The Prime Minister stated that a more flexible and expansive monetary policy is mainly demonstrated through increasing money supply (M2), increasing credit, reducing interest rates, especially lending rates. This is to meet the urgent need to remove difficulties in liquidity and credit, and promote recovery.

The real estate market is recording positive signals, cash flow is also showing signs of returning to the market with many new projects being launched.

With the improvement in capital flows since June 2023, Dr. Can Van Luc, Chief Economist of BIDV, commented: "We have seen some signs of recovery somewhere."

In addition to the policy efforts from the State, the market also received many positive signals when the real estate "giants" introduced many sales policies to stimulate the market, joining hands with the State to break the ice of the real estate market. Among them, it is impossible not to mention Vinhomes - the No. 1 real estate investor in Vietnam with policies applied for the first time. With an unprecedented sales policy of 7 years without worrying about interest rates along with attractive selling prices, the investor Vinhomes has created an extremely positive effect on the market. Immediately after this policy was announced and applied to the Glory Heights project in the Vinhomes Grand Park metropolis (Ho Chi Minh City), more than 2,000 luxury apartments were traded within just 34 hours.

This effect not only affects Glory Heights' sales activities but also spreads to other investors and many other projects, creating positive signals for the overall recovery of the market.

Golden opportunity to own luxury apartment The Zurich at Vinhomes Ocean Park

Following the success of the Glory Heights project in Ho Chi Minh City, Vinhomes continues to announce an unprecedented super policy applied at The Zurich project in the Vinhomes Ocean Park 1 metropolis, promising to continue to create a strong breakthrough, helping to break the ice of the market.

Accordingly, by paying only 10% of the apartment value, customers can immediately sign the sales contract and buy a house without worrying about interest rates when receiving interest rate support until 2031, receiving the house in August 2027. Specifically, within 4 years before receiving the house, the buyer can pay without having to borrow from the bank with an amount equivalent to 0.91% of the apartment value. In addition, the investor Vinhomes also supports 0% interest rate for 45% of the apartment value for up to 4 years after receiving the handover. With this policy, customers will not need to worry about interest rate fluctuations in the market within 8 years - from now until 2031.

Super breakthrough policy from Vinhomes brings the opportunity to easily own a luxury apartment ZR1 The Zurich with an amount from only 8.6 million VND/month.

This super policy of Vinhomes is bringing the opportunity to easily own an apartment at the most luxurious project of Vinhomes Ocean Park metropolis, helping buyers reduce financial pressure.

The Zurich is developed by two giants Mitsubishi and Vinhomes with a series of high-class Swiss-style amenities such as Geneva landscape lake; Rhine Fall fountain; Swiss square, etc. In addition, there are "5-star resort-like" amenities right inside the ZR1 building including sky garden; free gym & yoga room, children's play area, family game with fun games for the whole family, thermal bath hot tub complex with sauna, hot stone massage room...

The Zurich also owns a prime location at the gateway to the metropolis, opposite Coral Lake, helping residents to have convenient travel and connection to the city center while enjoying the fresh, pure air from the unique landscape lake strip of Vinhomes Ocean Park 1.

The Swiss-style internal landscape and unique view of Coral Lake - one of the "two great lakes" of Vinhomes Ocean Park 1.

Located in the heart of the "CBD district" of "Ocean City Destination City" which has been operating stably for more than 3 years with more than 60,000 existing residents, The Zurich also inherits thousands of utilities of the metropolis such as the 6.1-hectare Crystal Lagoon saltwater lake; the 24.5-hectare white sand Pearl Lake; more than 700 multifunctional outdoor gym machines; 60 children's playgrounds... Along with that is the "ecosystem" of international quality brands of Vingroup including Vinmec, Vincom, Vinschool, VinBus... fully meeting all life needs. From The Zurich, residents can also connect to the top-notch sea utilities at Vinhomes Ocean Park 2 and Vinhomes Ocean Park 3 which have been and are being urgently completed, promising to turn this place into the most attractive and livable project in the East of the capital.

With the close macro management of the state and the cooperation of major investors such as Vinhomes, experts predict that the breakthrough super sales policy "Buy a house without worrying about interest rates for up to 8 years" at The Zurich 1 will be a blockbuster that creates a breakthrough for the Northern real estate market, also an indicator that the market is entering a recovery cycle and has the potential to make a strong breakthrough in the second half of 2023.

CAO TUAN