Eaton Park solidified its position as a leader in Ho Chi Minh City’s luxury real estate market last weekend, with 90% of its final inventory sold within hours during the exclusive launch of the Cove and Lagoon towers. This rapid sell-out not only highlights the project’s exceptional market appeal but also marks a triumphant conclusion to Gamuda Land’s groundbreaking debut in East Saigon. The Malaysian developer has firmly established itself as a dominant player in Vietnam’s high-end property sector.
A Triumphant Conclusion
Momentum had been building for weeks leading up to the event, with booking volumes surpassing three times the available units in the final release. This resulted in a high-energy sales session rarely witnessed in the city’s luxury segment, transforming the launch into a pivotal moment in Ho Chi Minh City’s competitive year-end property market.
The strong absorption extends Eaton Park’s record-breaking streak from its first two phases, where all four initial towers sold out within a month. This continued success underscores Gamuda Land’s reputation as one of Malaysia’s most prestigious property developers, now firmly rooted in Vietnam’s luxury housing market.
Real estate experts attribute this achievement not only to the exceptional design and quality of the Cove and Lagoon towers but also to the developer’s meticulously crafted sales programs, tailored to meet the needs of diverse buyer segments.
Four flexible payment schemes were designed to accommodate varying financial capacities. Under the standard plan, buyers pay just 10% upon signing the sales and purchase contract (SPC), with subsequent installments every two to three months and a 5% discount.
For greater flexibility, a deferred plan allows a 5% initial payment with installments spaced every six months, offering smoother cash flow and a 2% discount.
Buyers opting for the fast-track payment scheme, settling 70% of the contract value within three months, receive a total discount of up to 9%, including a direct 5% reduction and an additional 4% rebate applied toward the Ownership Certificate if the second installment is paid on time.
Meanwhile, the mortgage-backed payment option offers significant financial leverage: buyers contribute just 20% equity, with bank financing available for up to 80% of the property value. Principal repayment grace periods extend up to 24 months, depending on lender policy, and the developer subsidizes interest rates up to 7% per annum for 24 months on loans starting from 60% of unit value.
Across all schemes, the standout feature is an extended payment timeline of up to 32 months, with the final 5% due only upon receipt of the Ownership Certificate. This makes Eaton Park one of the most flexible offerings in the current luxury market, enabling end-users to secure a premium residence in East Ho Chi Minh City while helping investors optimize capital and returns.
A Journey of Excellence
Strategically located on Mai Chi Tho Boulevard—Ho Chi Minh City’s renowned “billion-dollar avenue”—Eaton Park anchors the heart of Thu Duc City’s prime growth corridor. It connects major regional arteries such as Vo Nguyen Giap, Lien Phuong Street, Ring Road 3, and the HCMC – Long Thanh – Dau Giay Expressway.
Spanning 3.7 hectares, the development comprises six towers ranging from 29 to 39 storeys, featuring 1,968 apartments and penthouses, plus 72 riverfront commercial units including shops and shophouses.
Among the towers, Lagoon stands as the final and most premium addition to the master plan. It offers expansive canal and skyline views, along with access to over 100 internationally benchmarked resort-style amenities.
Further setting Lagoon apart is a bespoke five-star butler service—a rare privilege in Ho Chi Minh City’s residential market—provided within the monthly management fee. Inside each home, finishes and fittings are sourced from heritage European brands such as Hansgrohe, Duravit, Geberit, Kohler, and Yale, reflecting the refined living standards Gamuda Land envisions for its residents.
At the launch event, Mr. Angus Liew, Chairman of Gamuda Land Vietnam, expressed his gratitude: “We are deeply grateful for the strong trust and unwavering support from our customers. In just over one year, nearly 2,000 units at Eaton Park have found owners—a clear demonstration of the market’s considerable confidence in the value we are creating. At Gamuda Land, our developments are not merely about building homes; they are about crafting communities—thoughtfully planned, sustainably developed, and enriched with a deep sense of human-centeredness.”
Mr. Liew emphasized that Eaton Park’s success marks “not an end, but a milestone”—signaling the beginning of a new chapter in Gamuda Land’s long-term Vietnam strategy.
The group currently holds a portfolio of eight developments totaling $5 billion in investment and plans to inject an additional $6 billion into the market. Expansion will include major infrastructure projects such as urban railway and metro developments.
With strong financial capacity, international credibility, and a steadfast commitment to sustainable urban planning, Gamuda Land is reaffirming its long-term vision in Vietnam. The company continues to create future-ready communities that meet the evolving aspirations of modern urban life.
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