HCMC - Two property developers in Binh Duong and Dong Nai provinces have announced strong incentives, offering installments plans and deep discounts for buyers of villas and row houses in their property projects currently underway.
SetiaBecamex JSC, developer of EcoLakes My Phuoc in Binh Duong Province, has launched the so-called EcoLakes 30/70 Homes Plan, requiring homebuyers to pay in advance a sum equal to 30% of the property in EcoLakes.
Khoo Teck Chong, general director of SetiaBecamex, explained that the program was designed to offer a simple home ownership or property investment plan where homebuyers pay 30% of the price in installments and get a loan for the balance. Homebuyers will not be charged interest during construction until their properties are completed and handed over.
The company said the current high interest rate is a burden for many homebuyers, making many people feel hesitate whether to take out a loan for buying a property. The program will help buyers save from VND70 million to VND200 million once they buy properties in the project
The Malaysian developer plans to launch 227 villas and row houses with prices starting from VND3.3 billion and VND1.2 billion respectively in the coming time.
In another project, Tin Nghia Corporation in Dong Nai Province has slashed prices by between 20% and 50% for a residential project in Bien Hoa City’s Tan Bien Ward in the southern province.
Some 100 villas and row houses from 200 to 250 square meters are offered at VND797 million per unit. Some banks are going along, offering financial support for homerbuyers.
Nguyen Thi Thanh Huong, director of Tinnghia Land, says the program is designed to stir up the market demand as well as to offer the people a chance to buy a house. Construction of these properties has finished and homebuyers can move in.
