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.
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.
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.
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.
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