Property

Vinhomes signed deal to lease 300 apartments to South Korean

By Ha Linh March 06, 2019 | 03:53 PM GMT+7

The Vincity Ocean Park mega township is luring interest from South Korean buyers.

The artist impression of Vincity Ocean Park

Vinhomes Joint Stock Company, residential development arm of Vingroup, has inked a deal to lease 300 apartments in the Vincity Ocean Park to Everpia JSC.

The South Korean company will provide Everon-branded bedding and padding to these apartments that will accommodate its staff and partners once operational in August next year.

Everpia JSC deputy general director Cho Yong Hwan claims this is the first time the company has cooperated with a Vietnamese real estate developer to provide high-end housing accommodation for its senior staff.

“I believe that this preferential policy will help keep South Korean experts to stay and work long in Vietnam,” he is quoted in a release.

Vincity Ocean Park is just a few minutes from Everpia headquater in Hanoi and is conveniently connected with the second factory of the South Korean company in Hung Yen province.

VinCity Ocean Park is under construction in Gia Lam district to the east of Hanoi and is among two biggest township projects developed by Vinhomes under Vincity brand in Hanoi, with the other being built in the west of the capital city.

Vincity Ocean Park covers an area of 420 hectares, featuring clusters of high-rise apartment blocks, townshouses and villas as well as education, healthcare and entertainment facilities. It boasts the country’s first salted lake on an area of 24.5 hectares in the centre.

Vincity Ocean Park sales and marketing director Tran Thi Minh Duc said the property was luring a handful of foreign customers and investors, especially those from South Korea. 

What’s coming in Vietnam real estate this year

What’s coming in Vietnam real estate this year

Property -  6 year
High growth of middle income people and rapid urbanization power the Vietnamese real estate market to grow, according to SonKim Land CEO Andy Han Suk Jung.
What’s coming in Vietnam real estate this year

What’s coming in Vietnam real estate this year

Property -  6 year
High growth of middle income people and rapid urbanization power the Vietnamese real estate market to grow, according to SonKim Land CEO Andy Han Suk Jung.
Essensia Parkway sells out within hours, marking an outstanding partnership with WorldHotels

Essensia Parkway sells out within hours, marking an outstanding partnership with WorldHotels

Property -  1 day

Essensia Parkway makes significant impact in the high-end real estate market as 100 per cent of the limited collection was successfully registered within just a few hours at the launching event with the theme “Live lux-well, in a truly refined world”.

Essensia Parkway gains global prestige through WorldHotels - Phu Long collaboration

Essensia Parkway gains global prestige through WorldHotels - Phu Long collaboration

Property -  6 day

Essensia Parkway is set to mark a significant milestone as the first branded residences project in Ho Chi Minh City to be operated by WorldHotels – one of the finest portfolios of independent hotels and resorts within BWH Hotels.

Indochina Kajima breaks ground on Grade A office building in Hanoi’s emerging hub

Indochina Kajima breaks ground on Grade A office building in Hanoi’s emerging hub

Property -  5 month

Parc Hanoi marks Indochina Kajima's first office-for-lease project in its $1 billion investment plan in Vietnam.

Hanoi's property boom: Will the housing price surge ever stop?

Hanoi's property boom: Will the housing price surge ever stop?

Property -  6 month

While the average price of apartments in Hanoi has reached new heights, with supply primarily concentrated in the premium and luxury segments, there are still no signs of a price slowdown.

Luxury apartment prices soar in Hanoi amid supply shortage

Luxury apartment prices soar in Hanoi amid supply shortage

Property -  8 month

The supply of luxury apartments in central Hanoi is becoming increasingly scarce, pushing starting prices to new highs.

Revitalizing Vietnam’s hospitality sector: A shift in branding

Revitalizing Vietnam’s hospitality sector: A shift in branding

Property -  9 month

Vietnam's hospitality industry is undergoing a major transformation with a brand repositioning strategy that emphasizes unique, sustainable, and community-focused experiences.