The only project being implemented in Southwest Linh Dam
Hanoi Melody Residences is the "hot coordinates" of the Hanoi apartment market, according to the people wishing to buy houses and real estate brokers.
The heat of Hanoi Melody Residences comes from its position as the only project being implemented in the Southwest Linh Dam area. In the context of almost no high-rise projects in the inner city being licensed for new construction, the projects being implemented are becoming increasingly scarce and sought after. Especially when Southwest Linh Dam has a well-planned and central role in the inner city district of Hoang Mai.
Many customers who come to Hanoi Melody Residences share the same sentiment. Mr. Nguyen Minh Phu, a customer, said that for a family whose members all work and study in the inner city, moving to the suburbs is extremely difficult, including transportation and the still-painful traffic congestion. This is also the reason why Mr. Phu's family came to Hanoi Melody Residences. Located in the center of Southwest Linh Dam, the project is close to many major roads while only about a 20-minute drive from Hoan Kiem Lake.
The trend of buying good-priced inner-city apartments like Hanoi Melody Residences is getting hotter as the wave of new projects moving to the suburbs is becoming increasingly evident. According to the Hanoi Real Estate Market Report for the third quarter of 2024 by Savills Vietnam, this unit forecasts that from 2025 onwards, about 110,000 units from 106 projects will be launched on the market. This supply is mainly concentrated in Dong Anh, Hoai Duc, Gia Lam, Hoang Mai, accounting for 62% of the market share. It can be seen that Hoang Mai is the only inner-city district mentioned in the report.
The best price on the market from only 62 million VND/m2
However, “hunting” for good-priced inner-city apartments is becoming increasingly challenging. According to experts from PropertyGuru Vietnam, the Hanoi real estate market has recorded strong growth over the past year. Segments such as apartments, land, private houses, etc. have all increased by an average of about 40%. This is considered a “record” increase in history.
Data from market research units also shows that primary apartments in Hanoi are continuously establishing new price bases, currently at an average of VND72 million/m2 in the third quarter of 2024. Buyers are no longer surprised by prices of VND80 to nearly VND100 million/m2, even prices far exceeding this figure in some new projects.
Therefore, it is not surprising that Hanoi Melody Residences is creating a "fever" in the primary apartment market in the inner city with prices starting from only 62 million VND/m2. Many brokers commented that this is a very good price for a project with a beautiful location in the middle of the inner city. This price is suitable for a wide range of customers, from young customers who want to buy their first home to multi-generational families who want to upgrade their lives.
Sales policy 5 payment options, 0% interest support
In addition to the project's good price position in the inner city, Hanoi Melody Residences increases its attractiveness when announcing a sales policy with 5 payment options.
Hanoi Melody Residences buyers can proactively choose a suitable payment policy through 5 methods. Payment methods include: standard payment schedule, 50% payment schedule, 60% payment schedule, 70% payment schedule and bank loan payment schedule.
With the purchase loan option, the breakthrough is that customers participating in the purchase loan program are supported with 0% interest rate, principal grace period until the time of house handover or within 24 months (whichever comes first).
In case customers have available finance, they can choose to pay 70% early to enjoy a total discount of up to 9%. The project also offers customers many other discounts when choosing one of the remaining payment methods, including standard payment schedule, 50% payment schedule, 60% payment schedule.
Especially with the standard payment method, the investor offers a flexible payment schedule, divided into 12 installments, in which each installment from installment 3 to installment 10 only requires paying 5% of the contract value. This payment structure helps buyers balance their income and expenses reasonably and ensures the most comfortable home buying experience.
All the factors combine to make the project a "hot coordinate" of the Hanoi real estate market, opening up home ownership opportunities for a wide range of customers.
