Ho Chi Minh City is about to have 1,000 apartments priced at only about 37 million VND/m2 launched on the market | Project | Finance

(NLDO)- Nearly 1,000 apartments at the Conic Boulevard project have been completed and are ready to be launched on the market at a price of only about 37 million VND/m2.

Linh Phong Conic Construction, Investment and Development Joint Stock Company (Linh Phong Conic), the developer of the Conic Boulevard project, and Eximrs Real Estate Joint Stock Company, the marketing and distribution unit of the project, and Viet A Commercial Joint Stock Bank have just signed a strategic cooperation agreement to prepare to "launch" nearly 1,000 apartments with a selling price of only about 37 million VND/m3 at the Conic Boulevard apartment project to the market.

Products meet real needs

Conic Boulevard project belongs to the overall planning of Residential and High-rise Apartment Area 584, scale of 5.3ha, including 2 subdivisions: Low-rise subdivision with 114 products (handover and existing residents) and High-rise subdivision, commercial name is Conic Boulevard, including: 2 apartment blocks 15 floors above ground, 1 basement.

Total of 976 apartments, including 2-bedroom apartments, 3-bedroom apartments and shophouses; Construction density 28.7%. The project has been completed, is in the process of fire safety acceptance and necessary procedures, meeting all conditions for handover to residents. Expected handover time is at the end of the 4th quarter of 2024 and the beginning of the 1st quarter of 2025.

Conic Boulevard is located at the intersection of Vo Van Kiet Boulevard and National Highway 1A, creating favorable conditions for connecting to An Lac roundabout, District 6, District 5, as well as moving to District 7 and South Saigon area via Nguyen Van Linh Boulevard.

In addition, Conic Boulevard residents will find many necessary amenities such as shopping malls, Binh Chanh district administrative center, hospitals, schools, and Binh Dien wholesale market within a radius of 2-5 km.

The project is located right next to the Tham Luong - Ben Cat - Rach Nuoc Len canal route, directly connecting to Vo Van Kiet Avenue. This is the longest canal in Ho Chi Minh City with a length of nearly 32 km, passing through 7 districts including District 12, Binh Tan, Tan Phu, Tan Binh, Go Vap, Binh Thanh and Binh Chanh.

The canal renovation project has a total investment of up to 8,200 billion VND, started in February 2023 and has completed more than 70% of the progress. Expected to be completed in mid-2025, not only bringing convenience to the people in the area but also creating good growth prospects for those who own apartments at Conic Boulevard.

With a low construction density of only 28.7%, Conic Boulevard is a rare project in the area that offers a living space optimized by green areas, parks, along with a complete system of available utilities such as: kindergarten, coffee clubhouse, children's playground, gym, outdoor sports field, ... fully meeting modern, classy living standards but still close to nature.

Delivery immediately after purchase

In particular, the project's infrastructure is currently 100% complete, the apartments have been completed, are in the process of acceptance and are ready to be handed over to residents in the second quarter of 2025, along with existing amenities, Conic Boulevard is a rare project that meets the home buying criteria of the majority of customers, when the average announced price is expected to be about 37 million VND/m2.

Accordingly, buyers only need to pay from 450 million (equivalent to 15%) to own a completed apartment. Viet A Bank supports loans up to 85% in 25 years, 0% interest rate/year in 18 months, principal grace period up to 60 months. Total incentives up to 10%. Free management for 2 years. Free 1 year of insurance premium for 2 insurance packages: Maplife Life Insurance and Apartment and Private House Insurance (fire and explosion)...

Ms. Tran Thi Cam Tu, General Director of EximRS Joint Stock Company, said that in the context of the housing market, especially mid-priced apartments, products that meet real housing needs are in serious shortage, the Conic Boulevard project is considered the solution to the problem of meeting real housing needs. In particular, the advantage of the project is that it has been completed and is ready for handover immediately after sale.

Linh Phong Conic with many years of experience in the field of real estate investment and development with many large projects implemented and completed such as: Conic Residential Area (29.2ha), Conic Riverside apartment, Conic Skyway Residence, Conic Garden... "joining hands" with Eximrs - a unit with a wide distribution network and experience in implementing many real estate projects nationwide, will optimize all the potential of Conic Boulevard - a real product line, bringing customers quality residential and investment solutions with the best living services in the West of Ho Chi Minh City.

With strategic vision and the combination of experience and capacity, Linh Phong Conic and Eximrs expect Conic Boulevard to become a breakthrough mark, a new bright spot in the Western market of Ho Chi Minh City in particular and the real estate market in general.

Pioneer in bringing quality housing products, affordable prices, and comfortable living quality to customers with real housing needs.

The signing ceremony of strategic distribution cooperation and announcement of the Conic Boulevard project (Huynh Ba Chanh Street - Binh Chanh District - Ho Chi Minh City) not only marks an important step in expanding the sustainable cooperation relationship between the two units, creating a strong resonance in resources, experience and development potential in the real estate sector, but also fits the trend of the real estate market in the coming time, which is lacking housing products for people with real needs.

Shortage of supply, real estate prices are increasing

According to CBRE's report in the third quarter of 2024, the primary selling price of apartments in Ho Chi Minh City is currently at an average of 66 million VND/m2, an increase of 4% quarterly and 8% annually. In addition, the sharp increase in land prices, with the highest in some places reaching 687 million VND/m2, has also caused a sharp adjustment in housing prices in Ho Chi Minh City. The selling price of private houses and townhouses in many districts of Ho Chi Minh City is increasing by an average of 3-10% over the same period, with some luxury apartments priced at 70-100 million VND/m2. With rising housing prices, the dream of settling down for many people is increasingly out of reach.

In addition, legal problems force the market to adjust and adapt to new regulations. This leads to a situation where the supply of new apartments is difficult to increase quickly, not meeting the needs of the majority of home buyers in time. This shortage of supply not only causes difficulties for those looking for housing but also predicts that prices will continue to increase, because demand is always high while supply is limited.

In this context, Conic Boulevard appears as a suitable solution. Located in the Southwest Center of Ho Chi Minh City, with modern design, low construction density, synchronous utility system, complete infrastructure and legal documents, ready for handover; especially the best price and payment method in the market, Conic Boulevard not only brings outstanding living values ​​to residents but is also an ideal investment choice.

Source: https://diaoc.nld.com.vn/tp-hcm-sap-co-1000-can-ho-gia-chi-khoang-37-trieu-dong-m2-tung-ra-thi-truong-196241031113059411.htm