Second Lotus Residences sale to heat up market

Wednesday, Aug 19, 2015 15:02

Lotus Residences is the key project of BIM Group this year. — Photos Syrena Viet Nam
HA NOI (Biz Hub) — As the resort property segment has been heating up since the beginning of this year, property developers are gearing up their sales, offering appealing and guaranteed profits to buyers.

Syrena Viet Nam, a member of the BIM Group, and G5 Property Trading Floor Alliance will on August 23 jointly open a second-phase sale of Van Lien (Lotus Residences), its luxury resort property project in the prime location of Halong Marina Urban Area.

The sale will be held in Ha Noi as potential buyers in the capital city and neighbouring provinces are showing great interest in the project.

According to Syrena Viet Nam, the first sale organised in Quang Ninh Province's Ha Long City in June attracted an unexpectedly high number of investors, many of them from Ha Noi.

Potential buyers were seeking luxury resort projects that would not only be appropriate to their own holiday demands but also generate profits, Syrena Viet Nam said, adding that the quality and capacity of the developers were two important factors that attracted buyers.

Syrena Viet Nam guarantees a profit of eight per cent of the value of Lotus Residences' townhouses in the first three years in operation, worth a total VND1.7 billion ($77,980) if the owners join the rental pool programme, which is a management model in which the parties involved share rental income from property as well as the expenses associated with its ownership and maintenance.

The construction of Lotus Residences began in the middle of May. It will cover 40,000sq.m along Ha Long Beach, with 159 four-storey townhouses designed to combine retail and tourism purposes.

Lotus Residences, with high-end amenities such as an all-season swimming pool, modern gym, park and playground, became the spearhead project of the BIM Group in Halong Marina Urban Area this year.

The BIM Group is among the leading property developers in Quang Ninh Province, with a 248ha Halong Marina Urban Area that stretches along 3.8km of Ha Long Beach, and has developed infrastructure and good connectivity with tourist and recreational centres nearby. — VNS

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