Nam Long open sales for next phase of EHome Southgate with prices starting from vnd 1 billion, quenching the housing thirst

HCMC, 15 August 2023, while affordable housing supply is becoming rare, Nam Long released over 500 new affordable apartments in EHome Southgate, with prices starting from VND 1 billion for a 50m2 unit.

Accompanying the realization of the housing dream for Vietnamese families

EHome Southgate is located in the Southgate area, near the Waterpoin township and is connected to Ho Chi Minh City via the Ho Chi Minh City - Trung Luong expressway.

The project covers an area of 4.5 hectares, with 7 blocks and over 1,400 apartments. Nearly 400 units in phase 1 have been completed and hundreds of families have moved in. Phase 2 has also been handed over since July this year and has received high praise from customers for its quality.

EHome Southgate project in realit

With prices starting from VND 1 billion for a 50m2 apartment, EHome Southgate solves the problem of home buying for the majority of customers with an average income of around VND 15 million/month, especially for young families. In addition, customers are also supported by the investor and banking partners with practical financial solutions, easy payment schedules, bringing closer the opportunity to own a home.

Regardless of low starting price of VND 1 billion/apartment, EHome Southgate residents still enjoy a quality living environment with two layers of utilities: complete internal utilities such as gym, swimming pool, community room, children's play area ... and the 355ha Waterpoint township utilities, in which the most prominent is the 3ha Country Club sports complex including football fields, basketball courts, tennis courts, swimming pools...

EHome Southgate residents enjoy a comfortable living environment in the 355ha townshi

EHome Southgate is the 5th project in the EHome line - affordable apartments that have made Nam Long's reputation for many years. It is worth noting that this is the first project in the EHome line to receive the support of Japan's Nishi Nippon Railroad Group with over 100 years of experience, bringing new standards in design, quality, and meeting all demands for an ideal residence at an affordable price.

Affordable housing as a sharp strategy

According to the latest report from CBRE Vietnam, the average price of primary apartments in Q2 reached around VND 60 million/m2. Although mid-range apartment supply has been activated this year, it is still scarce and is the biggest bottleneck of the market. Therefore, Nam Long's introduction of EHome Southgate products starting from only VND 1 billion/50m2 apartment (about VND 20 million/m2) is expected to create strong attraction and contribute to solving the "thirst" for affordable housing.

EHome Southgate apartment is expected to create attraction for real estate marke

Besides EHome Southgate, in the last 2 quarters of this year, Nam Long will also introduce 1,600 EHomeS Can Tho apartments with an estimated price of VND 600 million/apartment. In addition, more than 200 EHomeS Nam Sai Gon (Binh Chanh) apartments will also be handed over in Q1/2024. These are two product lines for the community that Nam Long has passionately developed from researching and learning experiences of affordable housing development programs from many different countries and filtering based on business conditions as well as Vietnam's real context.

According to a representative of Nam Long Group, Vietnam is a developing country, with a young population, rapid urbanization process, and a high demand for housing. Therefore, Nam Long always prioritizes expanding land funds, developing affordable housing products, building policies to support homebuyers, and contributing to developing a more sustainable real estate market in the future.

Source: Nam Long Group (HOSE:NLG)