The Da Nang City's joint-stock food company Danafood will launch the sale of the last 100 beautiful view apartments of Block A of commercial housing project F.HOME on April 10. — Photos courtesy Danafood

DA NANG (Biz Hub) — The Da Nang City's joint-stock food company Danafood will launch the sale of the last 100 beautiful view apartments of Block A of project F.HOME on April 10.

It's the first condotel design project of the city that offers comfortable and convenient living conditions in the downtown Hai Chau District.

The project, built with two 26-storey buildings in Ly Thuong Kiet Street, was scheduled to be handed over to investors in the third quarter of 2016.

F.HOME has three kinds of room with one bed-room, two-bed room and three-bed room that measure 62.8sq.m to 126sq.m in area.

The project owner said investors could buy apartments starting from VNĐ2.4 billion (US$107,000).

Investors can benefit from a one-year ‘zero' interest loan programme being offered by Sai Gon-Ha Noi commercial joint-stock bank (SHB) to buy apartments.

F.HOME is seen as a most comfortable residential area, with a retail podium, outdoor pool and luxurious facilities for business and entertainment purposes, even as it is located close to the city's administrative centre, Novotel Hotel, Han River Bridge and Rong (Dragon) Bridge, besides shopping centres, airport and railway station, and is just a 10-minute drive from My Khe Beach.

F.HOME apartments have imported furniture, kitchenware, air-conditioning system and bathroom accessories.

The project will be managed by Japan's K&B International with five-star standards, making it as the most luxurious project of Da Nang.

Director of Danafood Pham Tan Cung said investors could earn a lot by buying apartments with flexible financial aid terms and expectations of profit.

"Buyers can give their apartments on a 10-year lease deal, at 13.5 per cent" Cung said.

"We offer a promotion programme for the buyers of the apartments, as a lucky draw winner could pocket 1kg of 99.99 per cent pure gold bars," Cung said.

He said the buyers could participate in lucky draws for just 10 apartments that would be given away for just VND100 million ($4,400) each after handing-over ceremony of the apartment.

This means the buyers could get another apartment with only VND100 million via lucky draws after receiving the first apartment.

The project owners said the lucky draw winner of a VND100-million apartment could sign a five-year lease for an annual rate of VND100 million ($4,400).

"It's a zero-Vietnamese dong apartment under the promotion programme ‘Buy one, Get One', or ‘Buy two, Get One For Free'," Cung said, adding that F.HOME surely offered the cheapest apartments in Viet Nam.

The project owner also launched a ‘Welcome to Da Nang' promotion programme for foreign investors, which includes 10 free return economy air tickets from Viet Nam to the concerned foreign country and a sub-lease rate of up to nine per cent per year, where the lease amount is calculated from the signing date of the lease contract, provided that 95 per cent of the first apartment's value has been paid.

F.HOME promises many profitable opportunities for domestic and foreign early birds, with flexible promotion and lease programmes.

Investors can also benefit from their 30-day vacation at the condotel-style apartments in the coastal city.

Da Nang is Viet Nam's most liveable city, attracting 4.6 million tourists, 1.25 million of them being foreigners, in 2015. The coastal central city with pristine beaches is well-known as a must-travel destination for tourists from across the world. This has developed as a potential opportunity for real estate investment as well as investors in the short term and long term.

Real estate tourism remains a favourite investment attraction in the central city, attracting 25 foreign direct investment (FDI) projects, worth US$1.8 billion, and comprising 54 per cent of the total FDI capital in the city.

The city has so far developed 16 tourist property projects, consisting of 749 villas, of which 609 are for sale and 140 for lease.