The property market of southern Vietnam is booming as many real estate firms have started putting thousands of apartments on sale and have launched discounts and promotional programs during the year-end period. 

The Conic Boulevard project in Ho Chi Minh City, which was completed in late October, hit the market with 1,000 apartments priced at VND37 million (US$1,450) per square meter.

On Wednesday, Le Tien Vu, deputy general director of EximRS Real Estate Corporation, which is in charge of marketing and distributing the project’s apartments, told Tuoi Tre (Youth) newspaper that two days after its launch, over 100 units of the Conic Boulevard project were purchased.

Masterise Homes has introduced The Global City project in Thu Duc City to the market.

The investor said 616 apartments from the two-tower project will be handed over to buyers in 2026, and many apartment bookings have been made.

Some 2,000 apartments of the TT AVIO apartment building project in Binh Duong Province, a neighbor of Ho Chi Minh City, will be launched in the market on Saturday, with prices starting from VND1.23 billion ($48,490).

A representative of CapitaLand Development, a unit of CapitaLand, headquartered in Singapore, said that though the Orchard Hill project in Binh Duong Province made its debut in late October, 694 out of a total of 774 apartments have been booked.

Nam Long Investment Corporation is speeding up its work to complete some housing projects in Ho Chi Minh City and its neighboring Long An Province.

The real estate developer has put on sale a series of townhouses in Can Tho City, southern Vietnam.

The investor of the Conic Boulevard housing project starts putting apartments on sale. Photo: N.H. / Tuoi Tre

Aside from the launch of new houses, apartments, and properties, several real estate developers have been offering various promotional programs to increase consumption.

The investor of the TT AVIO project said that it would treat homebuyers to its interest rate support policy in which customers will benefit from the rate of 6.7 percent for three years, instead of just one year.

Shin Ogawa, executive officer at Cosmos Initia, a unit of Japanese homebuilder Daiwa House, said to reduce buyers' burden with payments, the firm allows the customers of the TT AVIO project to pay for their houses in monthly installments.

The homebuyers of the Conic Boulevard project will enjoy flexible payment methods if they pay VND450 million ($17,740) or more in advance. 

Buyers will also be supported with a zero interest rate for 18 months and have a principal repayment holiday for up to 60 months.

Meanwhile, Nam Long is rolling out multiple vouchers worth up to VND1.5 billion ($59,150) for its customers who buy apartments in the Izumi City project in Dong Nai Province in the fourth quarter of 2024.

Also, the homebuyers of its Akari City project will enjoy a discount of up to VND546 million ($21,500).

According to the Ministry of Construction, an additional 3,300 apartments, mainly mid-end, high-end, and super-luxury ones, were completely built nationwide in the third quarter of 2024.

During the period, as many as 55 housing projects met all requirements to sell finished apartments, with a combined 21,300 units, up 17 percent year on year.

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