“Luxury Penthouse Bargain: 10 Opulent Residences in the Heart of Ho Chi Minh City – Now at a Massive Discount of Over 2 Billion VND”

Sacombank announces the auction of multiple real estate properties belonging to the Xi Grand Court project, located at 256-258 Ly Thuong Kiet, Ward 14, District 10, Ho Chi Minh City.

Specifically, the first asset up for auction is 870 square meters on the 5th floor, with a starting price of VND 36.9 billion.

The second auction asset is over 13,000 square meters of basement B1 area. The third asset is over 2,200 square meters of commercial and service area on the 7th floor.

The fourth asset consists of 19 apartments ranging from 50 square meters to 100 square meters in area. The apartments are priced from over VND 2 billion to nearly VND 7 billion, with the highest reduction being over VND 2.2 billion. Among these, there are 10 penthouse units. The current state of these apartments includes basic and partially finished units. The total reserve price for these 19 apartments is over VND 69.3 billion.

Previously, the first auction of these assets took place in July 2020. Sacombank set the starting price for the 19 apartments at VND 3.2 billion to VND 9.8 billion. However, the current asking prices for these apartments have decreased.

The auctioned assets are owned by Phu Son Thuan Construction Investment Joint Stock Company, which authorized Sacombank to conduct the auction according to power of attorney number 002112 dated February 26, 2020.

The Xi Grand Court project consists of four buildings, 27 to 29 stories tall, constructed on a 1.8-hectare plot of land in the prime location of District 10. The project, with a total investment of VND 2,285 billion, was developed by Phu Son Thuan Construction Investment Company Limited. The apartment complex, comprising 740 units, was completed and put into use at the end of 2017.