Riverpark Premier sets new standard
In the expat enclave of Phu My Hung in Ho Chi Minh City’s District 7, the new luxury apartment project Riverpark Premier seeks to set the standard for high-end property market in the city.
The up-market housing sector has seen continued growth throughout 2016, as new supply is trying to match with ongoing demand. That demand is mostly driven by primary home-seekers and long-term investors, who have increased confidence in the Vietnamese real estate market. More and more, international buyers are taking advantage of new laws to own property in Vietnam
Riverpark Premier in Phu My Hung is one of the developments drawing the attention of expatriates due to its location, architecture, and uniqueness. The first phase launch event with 161 apartments offered from block A and B, was packed with more than 500 selected potential buyers, in which, 130 are foreigners.
Buyers at the launch are anxious but thrilled about the buying process. Phu My Hung required thousands of would-be buyers to submit proposals along with their personal information. After considering these applications against the developer’s standards, only half of the proposals were approved to enter the launch event. The process aims to identify genuine homeowners for Riverpark Premier, so that it can create a vibrant residence with a strong community once operational.
In spite of tough selection process, Phu My Hung has recorded a significantly take-up rate of 99 percent within the first two hours. Notably, 25% of successful transactions were attributed to foreign buyers who are currently living and working in the city and surrounding areas.
Many foreigners have also fallen for Riverpark Premier due to its international essences. David Thomas, originally from the UK, chose the Riverpark Premier for its convenience and value. He said, “The project has a good combination of privacy and space for residents to enjoy, a refined living experience consistent with the sophistication of the surrounding neighborhood.” “Also, River-park Premier is close to Lawrence S. Ting School and Saigon South International School, so I can send my children to school conveniently.”
Plus, Riverpark Premier is definitely a competitive investment, with prices ranging from VND 6 billion ($269,000) to VND 18 billion ($807,000). A few customers commented that the prices reflect the exclusive experience that Riverpark Premier offers for its future residents.
Riverpark Premier has raised the benchmark in the realm of high-end apartments in Ho Chi Minh City. The project follows the new trend of resort-style living with a breathtaking river view, on par with five-star resorts and hotels. There are a limited number of apartments left for potential buyers. The last 100 units will be rolled out into the market on September