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Glory Heights: 10% Discount With No Precedent

Posted by Khoi Pham on July 1, 2023
0

No Precedent

“Without precedent” is perhaps the most authentic way to describe the Glory Heights project (one of the subdivisions of Vinhomes Grand Park):

  • 10% discount for early bookings (before 6/7/2023)
  • Payment of only 1% per month for 3 years
  • 45% financing support with 0% interest for 3 years
  • 0.75% discount for cash buyers

Glory Heights Vinhomes Grand Park

Glory Heights is situated in a prime location across from the largest Vincom shopping center in the South, offering a square and numerous major amenities within Vinhomes Grand Park

Attractive Pricing

With just 50 million VND to secure a booking (refundable), if booked before July 6th, 2023, there will be a 10% discount on the apartment’s value.

  • Studio: prices starting from 1.7 billion VND
  • 1 Bedroom+: prices starting from 2.4 billion VND
  • 2 Bedroom: prices starting from 3 billion VND
  • 2 Bedroom+: prices starting from 3.7 billion VND
  • 3 Bedroom: prices starting from 4.7 billion VND

Unprecedented Payment Policies

Glory Heights Vinhomes Grand Park

The payment policy of Glory Heights features a special schedule over 7 years

Policy 1: Comfortable payment over 2 years upon receiving the property

  1. Deposit: 50 million VND
  2. Pay 10% within 15 days (Signing the Sales and Purchase Agreement)
  3. Pay 40% over 2 years (approximately 1.5% per month)
  4. Pay 45% upon property handover
  5. Pay 5% upon receiving the certificate

Policy 2: Comfortable payment over 3 years upon receiving the property

  1. Deposit: 50 million VND
  2. Pay 10% within 15 days (Signing the Sales and Purchase Agreement)
  3. Pay 40% over 3 years (approximately 1% per month)
  4. Pay 45% upon property handover
  5. Pay 5% upon receiving the certificate

Policy 3: Occupying the property before payment, up to 2.5 years (only for locals)

  1. Pay 25% using own capital within 1.5 years
  2. Bank provides a 70% loan with interest support and principal deferment for 2.5 years
  3. Pay 5% upon receiving the certificate
  4. Start paying interest and principal after 1 year of occupying the property

Policy 4: Buy a property for 7 years without worrying about interest rates (only for locals)

  1. Pay 50% using own capital within 3 years
  2. Bank provides a 45% loan with interest support and principal deferment for 4 years
  3. Pay 5% upon receiving the certificate.
  4. Receive the property after 4 years before starting to repay interest and principal.

Through this groundbreaking policy, often referred to as a “Guinness record,” it is evident that the further you go into the phases within Vinhomes Grand Park, the more accessible they become to end-users, and the more attractive the prices become.

If you seize this opportunity to own an apartment in Vinhomes Grand Park with the intention of living or making a long-term investment of 5-10 years, it is undoubtedly an excellent opportunity.

However, if you are looking for short-term speculation or lack sufficient financial resources, it is not advisable to make a purchase because there is a large inventory from previous phases, resulting in slow liquidity. To achieve quick liquidity, many units have to be sold through reverse auctions, where the one with the highest loss will sell first.

I have visited Vinhomes Grand Park many times.

Indeed, it is a large urban area, and the number of residents has increased significantly. The internal amenities such as large parks, night markets, outdoor fitness complexes, schools, and hospitals within the Vingroup ecosystem are numerous and complete.

The current weakness of Vinhomes Grand Park is still its location, as the travel distance from here to the city center can take anywhere from 40 minutes to 1 hour depending on traffic.

In the future, the operation of Ring Road 3 and Metro Line 1 may help shorten this travel time more conveniently, but it is difficult to guarantee.

Therefore, if you intend to live here, owning an apartment in Vinhomes Grand Park requires careful consideration and rearrangement of each individual’s work plan.

If your work and friends are within a 5km radius of Vinhomes Grand Park, this will undoubtedly be a great opportunity to own your first home.

If your workplace and familiar activities are too far away, Vinhomes Grand Park may not be suitable for you to own as the cost and travel time will become a burden that accumulates over time, forcing you to change your lifestyle habits or accept a lower quality of life.

However, if you have enough money and purchase for long-term investment, be wise in choosing the most beautiful view units and avoid rushing or falling into the FOMO (Fear of Missing Out) effect.

Because there will always be beautiful units waiting for you in the upcoming phases with better policies and more attractive prices, or you can seek out resale units with price reductions ranging from 100-500 million VND.

Realtique Vietnam Real Estate

[email protected]

+84866810689 (WhatsApp/Viber/Zalo/WeChat)

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