HCM CITY (Biz Hub) — Phu My Hung Development Corporation will begin sales of its new project, Saigon South Residences, on Sunday, with prices starting at VND2 billion (US$91,000). The project marks a major change in the company's strategy by targeting young people who want to enjoy Phu My Hung's quality at more affordable prices. For this, the company has gone outside its Phu My Hung City Centre in District 7 for the first time to develop a project.
Saigon South Residences is situated on Nguyen Huu Tho Boulevard in Nha Be District.
It is being developed on an area of nearly 33,000ha. Of this, 31 per cent will be for apartments and 69 per cent for green spaces and facilities like a swimming pool.
Six buildings with 19-20 floors will be built with 1,840 apartments. Nearly 70 per cent of the units will have two bedrooms and range in size from 60sq.m to 70sq.m.
The apartments will be handed over to buyers in 2019. — VNS