Keppel Land's Vietnam homes enjoy brisk sales

An artist's impression of the 816-unit Palm Heights project, phase two of Palm City, which was launched last month following good sales response for the landed homes in phase one.
An artist's impression of the 816-unit Palm Heights project, phase two of Palm City, which was launched last month following good sales response for the landed homes in phase one.PHOTO: KEPPEL LAND

Developer Keppel Land has achieved brisk new home sales at its two projects in Ho Chi Minh City, Vietnam, in recent months.

About 800 units were booked at two waterfront residential developments, Palm City and The View at Riviera Point, the company said on Friday.

Mr Linson Lim, president of Vietnam Keppel Land, said: "The positive take-up... reflects confidence in Keppel Land's homes in Vietnam. The developments' value propositions, such as prime location, wide array of amenities and thoughtful innovations, are strong draws to genuine home buyers."

The units sold included 135 landed homes ranging from terraced to semi-detached houses at Palm Residence, phase one of the Palm City project.

These landed units were fully booked in a private preview held over one weekend in July, the developer said.

STRONG SELLING POINTS

The developments' value propositions such as prime location, wide array of amenities and thoughtful innovations, are strong draws to genuine home buyers.

MR LINSON LIM, president of Vietnam Keppel Land.

Palm City is a 30ha integrated waterfront township jointly developed by Keppel Land and its Vietnamese partners, Tien Phuoc and Tran Thai.

Following the good sales response for the landed homes, the 816-unit Palm Heights project - phase two of Palm City - was launched last month.

"To date, about 570 homes at Palm Heights have been booked at an average price of 32.5 million Vietnamese dong (S$2,017) per sq m," the developer said.

Sales were also strong at another project, The View at Riviera Point, where about one-third of the 345 units launched were booked at an average price of 37 million dong per sq m. The project - jointly developed with partner Tan Truong - has a total of 518 units.

Keppel Land said it expects to launch another project - phase one of Empire City, a waterfront development in upcoming Thu Thiem New Urban Area - later this year.

Phase one of the development will comprise more than 500 premium high-rise apartments, it added.

A version of this article appeared in the print edition of The Straits Times on November 07, 2016, with the headline 'Keppel Land's Vietnam homes enjoy brisk sales'. Print Edition | Subscribe