Some 24 distribution agents join the kick-off ceremony of the Eaton Park project in HCM City. — Photo Courtesy of Gamuda Land
Malaysian real estate developer Gamuda Land officially launched sales for its latest residential project in Việt Nam, Eaton Park, late last week.
The kick-off ceremony for the Eaton Park project took place in HCM City with the attendance of 24 distribution agents.
Gim Teck Yew, head of sales & marketing at Gamuda Land (HCMC), stated: "Eaton Park is Gamuda Land's flagship high-end project located in the east of HCM City. As part of our rapid project development strategy to expand our presence in Việt Nam, Eaton Park was designed to set a new standard for elite, modern residents seeking a harmonious living space in touch with nature, promoting a balance of body and mind while exuding sophistication."
During the event, in addition to detailing the project, Gamuda Land introduced a pre-designed sales policy for Eaton Park prior to the official opening. Customers are required to pay only 5 per cent of the apartment value to sign a sales contract.
With a highly attractive payment plan spanning up to five years, customers need to pay a total of 30 per cent in six installments over the initial three years until receiving a notice of home handover. Upon house receipt, new homeowners must pay an additional 35 per cent, with the remaining cost divided into two installments of 15 per cent each in the following year.
Agents in attendance at the ceremony regarded this payment plan as one of the most enticing in the current southern real estate market. Additionally, Gamuda Land typically offers a preferential discount rate of at least 5 per cent for early buyers, a detail that will be unveiled on the opening day.
Eaton Park is the sole high-end project at the eastern gateway to the city center at this time. Situated in the central area of former District 2, Thủ Đức City, it boasts one of the most prime locations in HCM's real estate market.
Positioned along Mai Chí Thọ Street, only a 15-minute drive from District 1, the project occupies 3.77ha of land. With plans for six towers ranging from 29 to 39 floors, it will offer a total of 2,052 units, comprising 1,968 luxury apartments with one to three bedrooms, 12 penthouse apartments, 52 podium service stores, and 21 shophouses. The estimated total development value exceeds US$1.1 billion.
Eaton Park marks Gamuda Land's third consecutive project within two years, with land transfer costs alone totaling $315.8 million. Established in 1995, Gamuda Land is the real estate development wing of Gamuda Berhad, Malaysia's prominent construction and infrastructure development group. Since 2007, Gamuda Land has invested in five international standard projects in Việt Nam, including two significant developments. — VNS