Breakthrough solution to help “buy a house is not difficult” at Legacy Prime

The real estate price level anchored at a high level for a long time is causing many families, especially young people, to move away from the dream of settling down and the market to reduce liquidity. Experts said that in the coming time, businesses need to develop low-cost product lines combined with practical buyer support policies to help the market develop sustainably.

How long does it take to buy an apartment?

At a recent online conference, economic expert Dr. Can Van Luc said that currently, real estate prices in Vietnam are at a relatively high level compared to the income of the majority of people. Specifically, the average Vietnamese needs at least 23.5 years to have enough money to buy a house, ranking 14th out of 107 countries in the world, equivalent to Thailand and South Korea. Meanwhile, the income of Vietnamese people is much lower than other countries. In comparison, it takes Indonesians only 18.5 years of accumulation to buy a house, Singapore 15.5 years, India 9.2 years and Malaysia only 8.1 years.

This means that young people in Vietnam with an average income will find it very difficult to own a home. While this is the majority of the population structure of Vietnam.

According to calculations, a person now at the age of 25, if he wants to buy an apartment worth 2 billion VND by the age of 30, on average, he has to save about 400 million VND per year. This means that the person’s income within the next 5 years must be at 50-60 million months/month. This is a relatively high income level compared to young people, especially in the periphery of large urban areas. It should be known that the per capita income of Binh Duong, the leading locality in the country, is currently only 7.12 million VND/month.

On the other hand, apartment prices recently increased sharply and showed no sign of stopping. According to market research reports of Savills Vietnam and DKRA Vietnam, the price of apartments in Binh Duong is currently up to 45-50 million VND/m2; In Ho Chi Minh City, the price of mid-range apartments is also up to 50-60 million VND/m2. Projects and products in the low-cost segment, ranging from VND 1.5-2 billion/unit have long disappeared from the Ho Chi Minh City market, a few projects in this segment are only found in Binh Duong, but not many.

If only fully legal projects are counted, the number of “just right” projects for most customers is still less than the fingers. Therefore, many working families and young people have to leave the dream of “owning a home”, accept to rent a boarding house, but the monthly cost is not low, living conditions are limited, or live with their family in a house. multigenerational homes.

According to a survey by Savills of young people under 35 years old, 58.3% of respondents said that they have now bought their own house, 33.3% are living in rented houses, the rest are living with their families. Nearly half of the respondents said that financial problems due to low income make it difficult for them to own their own home. And nearly 30% are afraid of not being able to pay if they borrow a mortgage from a bank to buy a house.

There is a solution

Developing affordable housing towards real housing needs and settling workers’ settlements is one of the Government’s key policies to develop a sustainable real estate market. In this context, Kim Oanh Group with Legacy Prime apartments has become a rare bright spot realizing the dream of “having a home” for thousands of young people in Binh Duong and surrounding areas.

Legacy Prime is “shocking” when it owns the price of only 1 billion VND / unit, accompanied by unprecedented breakthrough policies. Specifically, while many housing projects now apply a payment policy of 30-50% to receive a house, for the first time, Legacy Prime applies a policy of only paying 99 million until receiving the house. This is the lowest payment for an apartment project on the market.

In addition, Kim Oanh Group also launched many customer support policies to reduce financial pressure in the context of high interest rates. Project buyers are supported with preferential loans at 9.9 interest rates fixed for 36 months from the date of signing the purchase and sale contract; interest-free payment until receiving the house, at the same time grace the principal debt up to 36 months.

Customers who do not use the loan plan also enjoy a series of huge promotions such as: successful deposit transfer to receive 1 gold coin, 8% discount when paying 70% by own capital, 4% discount when paying. with self-financed capital on schedule, 1-3% discount when buying in bulk, 1% discount for bank loans, early payment discount up to 18%/year. In addition, all Legacy Prime owners will be able to simultaneously participate in 3 programs Buy a house – Win a house, Buy a house – Win a car, Visit a luxury house – Win a real house… with a total prize value of up to thousands billions dong.

Towards a modern young customer group, Kim Oanh Group prioritizes the development of community-connected facilities at Legacy Prime such as children’s play area, gym and yoga room, walking path, park, swimming pool. , BBQ area, community room… The project is planned for an international preschool right in the area, and is surrounded by a system of schools at all levels, ensuring a comprehensive development space for children.

The product structure at Legacy Prime is also reasonably distributed, providing many options for homebuyers depending on their preferences and financial ability, from studio apartments (about 33m2) to 1-2 room apartments. sleeping (42m2 – 59m2). The apartments have a modern design style, optimized for use, suitable for the needs of young people.

“With Legacy Prime, we want to contribute to realizing the dream of settling down for young people in Binh Duong and adjacent areas, aiming at income earners with the smallest accumulated capital who will also easily own no land. modern, comfortable living space that is not too far from the city center,” shared Mr. To Duy Chinh – Sales Division Director of Kim Oanh Group.