Phu My Hung Development Corporation on Saturday kicked off the third sales phase of the Phu My Hung Midtown complex it is developing in the South District in the Phu My Hung City Centre in HCM City.

The Signature is considered the heart of the complex, which will be built on an area of over 13,500sq.m.

The Signature contains two main apartment buildings from 18 to 27 floors in height with 516 condos.

The Signature has a unique design, with one building in the shape of an egg and another in the shape of a leaf.

Seventy one per cent of the apartments will have two bedrooms and range in size from 73sq.m to 78sq.m.

The other 28 per cent will be three-bedroom condos. The last is two condos with four bedrooms -- measuring 203-259sq.m.

The Signature faces Sakura Park, the only one of its kind in Viet Nam. It also overlooks the Nam Vien Villa area and parks.

People living here can enjoy all the services and amenities to be developed at the project as well as those already created at the Phu My Hung City Centre.

The beginning of the third selling phase was very hectic, totally belying the thinking that the last lunar month is a time when few high-value transactions are done.

Early on Saturday morning many would-be buyers flocked to the Adora Premium Centre in District 7 to attend the event.

Phu My Hung Development Corporation estimated that around over 1000 came to the event, 20 per cent of them foreigners.

Since demand was five times supply (270 apartments), Phu My Hung had to organise a draw to select the lucky customers who get the option of buying an apartment at The Signature.

Many customers said the sales day at The Signature was the most attractive event they have ever taken part in. Many who had been unable to buy a condo in the previous phase came hoping to get lucky this time.

They waited almost with bated breath and were overjoyed when they got the opportunity to buy.

In just two hours 100 per cent condos were sold.

The success of the Phu My Hung Midtown complex’s third selling phase was so meaningful not just for the company but also the entire city property market. It promises a bright future for the city’s luxury-apartment market in 2018.

At the sales event, the corporation signed agreements with Vietcombank and Standard Chartered for special loans for buying condos at The Signature: Customers will not be charged interest until they get possession of their condos.

Phu My Hung Midtown Complex is a project with foreign direct investment. This is the first project that Phu My Hung Development Corporation has developed in co-operation with Japanese partners who are leaders in the construction sector in their country.

So about 1000 units have been sold in the complex in three phases, the earlier ones being The Grande and The Symphony.

The second selling event of The Signature project will be held in March 2018