Novaland Group has announced an attractive promotion for its The Sun Avenue in District 2, HCM City: customers buying a three-bedroom apartment will get a free car parking slot. — VNS Photo

Abillion for parking

Property experts predict that the market in trading parking lots in apartment buildings will become red hot as a new circular issued by the Ministry of Construction on managing and using apartment buildings comes into effect on April 2.

In fact, the market has existed in some apartment buildings for a long time with costs ranging from hundreds of millions to billions of đồng. This has however been prevalent mostly in apartments in the centre of HCM City.

Though it costs a lot of money to have a steady long-term parking slot in an apartment building, most people prefer to buying rather than hire.

Xuan Truong of HCM City had once bought an apartment without a parking lot due to the high cost. But his thinking has now changed after seeing the increasing demand for living in apartments in the city's central parts.

"Many people now like to live in an apartment in the central areas of the city. The number of people owning a car has also increased. But there is limited parking space in each apartment building. If there is no parking lot, it is not convenient."

Wary of the issue, many people now prefer to buy apartments in high-quality projects where parking lots are available.

Buying apartment, getting free space for car

Seeing the demand, Novaland Group has announced an attractive promotion for its The Sun Avenue in District 2, HCM City: customers buying a three-bedroom apartment will get a free car parking slot.

This is the first time that Novaland is offering this promotion, which it believes will encourage people to further invest in housing in the eastern part of HCM City.

Customers buying two-bedroom apartment will get a free kitchen upgrade and a VND90 million smart home package.

All buyers will get a VND36 million discount plus a discount of 10 per cent for paying in a small number of instalments.

The promotions are limited, Novaland said.

The Sun Avenue's attraction

The Sun Avenue, since the day it was introduced in the market,

has been an attractive project not only because of the developer's promotions but also its good location and design.

The project fronts a 500 metre stretch on Mai Chi Tho Boulevard in District 2, which connect the east and the west of the city. In addition, it is opposite to the station of Metro Line No2.

From The Sun Avenue, it is only five minutes to the Thu Thiem New Urban Area and 10 minutes to District 1. Furthermore, when the Long Thanh International Airport opens, it will be only 15 minutes away.

With its strategic location and range of facilities, property-market insiders predict that investors can earn a profit of 8-45 per cent from it.

Many customers have chosen The Sun Avenue for their home and office thanks to its sprawl of 2,000sq.m, which is expected to become a busy food and shopping hub of the city. The shops here will serve 5,000 residents of The Sun Avenue and others living on Mai Chi Thọ Boulevard.

* People buying an apartment in The Sun Avenue will get a free car parking slot for life (limited quantity).