Surprising price
According to the rumored price, many customers and real estate brokers were surprised. Ms. To Mai Trang, a real estate broker specializing in Hoang Mai district, shared that the secondary price in old apartment buildings such as HH (Linh Dam peninsula, Hoang Mai district) was at 35 - 40 million VND/m2. The selling price in some better quality projects that have been operating for several years in the same area is also around 47 - 50 million VND/m2. In particular, there are beautiful apartments for sale at approximately 55 - 57 million VND/m2.
Therefore, with a project that establishes a diverse and prominent utility system in the area like Hanoi Melody Residences, the price from 58 million VND/m2 excluding VAT is still quite reasonable. "Previously, we predicted that the project would cost around 70 million VND/m2 excluding VAT. After deducting the policy, it is still quite reasonable compared to the whole market" - Ms. Trang added.
The price is even more reasonable when placed in the context of Hanoi apartment prices skyrocketing for dozens of consecutive quarters. According to Onehousing data, the average selling price of primary apartments in the entire Hanoi market has increased significantly, from 40 million VND/m2 in early 2022 to about 72 million VND/m2 in the third quarter of 2024.
The high price increase of Hanoi's real estate market has also been a hot topic in many forums, seminars and conferences held over the past time. At the National Real Estate Forum 2024, the business director of Batdongsan.com.vn said that Hanoi's real estate has been growing strongly 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.
Recently, the Ministry of Construction also announced information on housing and real estate market in the third quarter of 2024. In the third quarter of 2024, according to surveys and reports from a number of major provinces and cities, apartment prices in Hanoi continued to increase in both new and old projects, the price level of new projects increased by about (4% to 6%) quarterly and (22% to 25%) annually. In particular, some areas increased locally by about 35% to 40% depending on the location compared to the previous quarter.
Investors and real guests are "fascinated" by Hanoi Melody Residences
The good rumor price has attracted both investors and real customers to the project. In fact, at the model house area, the number of visitors coming to learn is always large. The model house area is open from early morning to late evening to meet the needs of customers.
Recently, the investor has created more attraction for the project by introducing a sales policy with 05 flexible payment methods. Payment methods include: standard payment schedule, 50% payment schedule, 60% payment schedule, 70% payment schedule and bank loan payment schedule. Depending on the choice, customers can enjoy a discount of up to 9%, 0% interest support and a principal grace period of 24 months or until the house is handed over (whichever comes first).
In case the customer chooses the standard payment schedule, the investor offers a flexible payment schedule, divided into 12 installments, in which each installment from installment 3 to installment 10 only requires payment of 5% of the contract value. This payment structure helps the buyer balance income and expenditure reasonably and ensures the most comfortable home buying experience.
These policies support the home buying decisions of customers, including both real residents and investors. Surveys at the project show that many customers have already chosen their target apartments, just waiting for the time when the investor officially opens for sale. Accordingly, real residents have the opportunity to own an inner-city house at a reasonable price, and at the same time, it is an asset to save for their children and grandchildren. For investors, Hanoi Melody Residences ensures great potential for price increases.
