Gamuda Land, a Malaysian property developer, launched its Eaton Park project in Vietnam on March 15, accompanied by 24 strategic partners attending the dynamic kick-off ceremony.
Held at Thu Duc City’s Sala urban area, the largest convention hall in Ho Chi Minh City, the event attracted nearly 2,700 participants, including Gamuda Land staff and sales experts from leading real estate distributors nationwide.
Addressing the gathering, Gim Teck Yew, Head of Sales and Marketing at Gamuda Land, emphasized that Eaton Park represents a pivotal high-end venture for Gamuda Land in eastern Ho Chi Minh City. It is an integral part of their QTP (Quick Turnaround Project) strategy aimed at expanding their business footprint in Vietnam.
Eaton Park, envisioned as a new benchmark for sophisticated residential living, seeks to cater to discerning modern residents in search of an ideal abode harmonizing with nature while exuding an air of refined elegance.
During the ceremony, Gamuda Land unveiled an enticing sales policy for Eaton Park ahead of its official launch. Under this policy, customers are required to pay only 5% of the apartment value to secure a sales contract. Over the initial three years of the five-year payment plan, customers need only pay a total of 30% of the price in 6 installments until receiving the handover notice.
Feedback from attending agents suggests that this policy ranks among the most attractive in the current southern real estate market.
Furthermore, customers ordering early can expect preferential discounts, usually exceeding 5%, to be announced on the opening day.
Eaton Park stands out as the sole high-end project at the eastern entrance to the city center, situated in the heart of former District 2 of Thu Duc City. Its prime location along Mai Chi Tho Street, a mere 15-minute drive from District 1, adds to its allure.
Encompassing a land area of 3.77 hectares, the project boasts six towers ranging from 29 to 39 floors, offering a total of 1,968 luxury apartments, 12 penthouses, 52 podium service stores, and 21 shophouses. The estimated total development value (GDV) exceeds US$1.1 billion.
With an architectural design inspired by the graceful movement of waves and geological formations, Eaton Park exudes an air of nobility and elegance, poised to be a landmark in Ho Chi Minh City’s skyline upon completion.
With meticulous attention to detail in the master plan, Eaton Park aims to set a new standard of comprehensive, vibrant urban living.
Gamuda Land, a longstanding presence in the Vietnamese real estate market, boldly invested nearly US$347.97 million in the 292-hectare Gamuda City urban area in Hanoi’s Hoang Mai District and US$145.66 million in the 82-hectare Celadon City in Ho Chi Minh City’s Tan Phu district upon entering the market in 2007. These projects have since become shining examples of international green urban developments.
Driven by these successes, Gamuda Land has embarked on ambitious endeavors to strengthen its position in Vietnam. In 2022 alone, the company completed two significant M&A deals, including the acquisition of the Artisan Park commercial townhouse project in Binh Duong New City and the merger with a domestic company to own the Elysian high-end apartment complex project in Thu Duc, with an estimated GDV exceeding US$250 million.
Furthermore, Gamuda Land has emerged as a frontrunner in adhering to environmental, social, and governance (ESG) principles. Through initiatives like applying biophilic architectural design and implementing the Gamuda Green Plan, the company is committed to sustainable development, with tangible goals set for the next five years and beyond, including significant reductions in greenhouse gas emissions by 2025 and 2030.
