10/09/2020

Nam Long introduces practical solutions for buyers of Mizuki Park

The sharp increase in real estate prices is giving people who want to buy houses a big financial pressure and making them hesitant. Thus numerous businesses are launching supportive solutions to help customers get their dream house.

The overall planning of the 26-hectare Mizuki Park township

The housing prices increased due to a shortage in supply

From the beginning of 2020, Ho Chi Minh City has had almost no supply of apartments at the prices around VND 35 million per m2. Meanwhile, this is the most sought-after product segment by people who have real housing demand. 

JLL's report stated that there were only 3,820 new apartments released in HCMC in Q2/2020, which was only ⅓ only of the quarterly average between 2017 and 2018. The reason is deemed to be the unsolved legal problems that have delayed the project development progress.

In Q2, mid-scale projects have the majority of buying transactions, occupying 83% of a total of 3,855 units sold. And despite being adversely affected by the Covid-19 epidemic, the selling price of apartments is also adjusted to increase by about 3% compared to Q1. Some luxury projects being handed over have increased up to 5.3 % quarterly and 27.5% yearly.

The majority of apartments for sale in Ho Chi Minh City are priced at VND 35 million per m2 and are chosen by many buyers. There was almost no new supply at the lower segment. This is understandable as the price of some apartments in the suburbs such as Binh Duong, Bien Hoa has also reached VND 40 - 42 million per m2.

In particular, JLL noted that apartment projects are moving away from the city center to places with green living environments in response to customers’ living requirements. Investors who want to invest in real estate assets that will not be devalued also choose such projects. 

“Easy house buying” opportunity

The scarcity of supply and the continuous increases in real estate price peaks during this challenging period are making the dream of a new house harder to reach for many families. Therefore, many people tend to move away from the city center to buy apartments at a more reasonable price. In return, they can enjoy various facilities, a clean living environment and guaranteed security. The long distance eventually becomes insignificant as improving infrastructure shortens traveling time. The design of recent projects has been more efficient, not only improving the visual but also optimizing usable area and functionality of the apartment. Many high-end facilities are also integrated to help improve the living experience of residents such as schools, health centers, supermarkets, shopping malls, swimming pools, gyms, parks, restaurants - cafes...

Perspective of Mizuki Park’s blocks MP6, MP7 and MP8 that are eligible for Nam Long’s “Housing saving program 2020”.

The investors also partner with credit organizations, offering preferential loan programs and extended payment time to support home buyers. The Housing Saving Program in 2020 by Nam Long Group and Vietcombank in particular has drawn a lot of interest from customers. The program is applied for 600 apartments of the three blocks of MP6, MP7, MP8 in the 26-hectare Mizuki Park township located on Nguyen Van Linh Boulevard, South Saigon.

Specifically, customers wishing to buy an apartment will open a savings account at Vietcombank under their name instead of paying a deposit to the investors and enjoy the regular savings interest until the apartment goes on sale. Customers have full control over their savings account and can close it at any time. At the time of sale opening, the account balance will be converted to a part of the deposit for investors. After previous programs launched in 2018 and 2019, more than 2,500 customers participated and purchased apartments at the Akari City and Waterpoint projects.
 

Mizuki Park project is a joint venture of Nam Long and two Japanese corporations that have over 100 years of experience and strong financial capability, Hankyu Hanshin and Nishitetsu Group. At the time of sale, if customers decide on buying, they will need to pay only 50% of the product value and the payment will be split into several installments up until Q4/2020, so it is very suitable for buyers who need more time to balance their finance. Also, this is the second-largest project on Nguyen Van Linh Boulevard, beside Phu My Hung. The township’s highlight is a complete facility system, including 17,000 square meters of canal weaving through the area; 2.5 km of bike paths; 103,000m2 of trees; theme parks for families, children, bonsai, meditation, events, riverside and sports…; 40,000m2 of school; 15.000m2 of commercial - service areas, sports center, health center, entertainment area ...

In particular, several major projects are going on in the area including, metro route 4A, metro route 5, monorail route 2, Thu Thiem 4 bridge, Kenh Te 2 bridge, Nguyen Van Linh - Nguyen Huu Tho intersection, so traveling to the city center will be easier in the future, at the same time there is great potential for a price increase. Indeed,1500 units including apartments, townhouses, villas and some facilities of Mizuki Park phase 1 have been handed over and ready for residents. The price of these products has increased by 30% in the secondary market. 

The canal park apartments MP6, MP7, MP8 soon-to-be-released, located along the canal, next to the Event Park, Japanese garden will attract customers’ attention thanks to the house saving program.

Source: Tien Phong newspaper