Baoviet Bank guarantees project progress for homebuyers

Wednesday, Aug 21, 2013 20:20

An advertisement for the Ha Dinh Tower. — Photo

HA NOI (Biz Hub) ― Baoviet Bank announced on Wednesday that it would lend customers who buy apartments at the Ha Dinh Tower 70 per cent of each apartment's value for 15 years.

The programme came from co-operation between the bank and the Investment 135 Joint Stock Co, the project's investor.

Baoviet undertook to refund all money paid by homebuyers for the apartments, as well as compensate them, if project progress was not assured.

The commitment to construction progress and for the completion of the projects was made to assure financial transparency and guarantee customer interests, it said.

Ha Dinh Tower is a 21-floor tenement, covering an area of over 3,000sq.m in Ha Noi's Thanh Xuan District. Apartment delivery was expected to begin in the fourth quarter of this year.

The 92.5sq.m or 112.5sq.m apartments each costs about VND15.3 million (US$728.5) per sq.m. ― VNS

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