English
Ho Chi Minh City’s government has agreed to a local joint venture replacing Daewoo Binh Khanh Investment Co. in the Binh Khanh resettlement housing project in the city’s District 2 after the South Korean investor withdrew.
The joint venture consists of four local investors, namely Vietinbank Coseco Company, Construction Company No. 1 (COFICO), Thuan Viet Construction and Trade Company and Truong Son Construction Corporation.
At first, Daewoo was to develop the project with 2,200 apartments in District 2. In return, Daewoo was to be allocated a land lot in the Thu Thiem new urban area, but the investor has pulled out.
According to the city’s requirement, the joint venture will have to finish the project and hand over apartments for relocated households next year.
The project is part of a program to provide 12,500 resettlement apartments for the Thu Thiem new urban area. Among projects which are being implemented, Nam Rach Chiec Co. has transferred to the city 1,100 of 1,844 apartments of a 17.3-hectare resettlement project in An Phu and Binh Khanh wards, District 2./.
The Lotte Hanoi Centre is one of the few projects which is on right track amid the property market gloom.
Lee Jong Kook, general director of Lo...
With the Olympics over and the Paralympic Games now underway, we look at a different kind of winning performance at the London 2012 Games. British com...
Planning has played an important role in the new countryside construction and served as a prerequisite for implementing 19 criteria to positive and co...
Several Ho Chi Minh City firms have withstood property market current plight due to a flexible approach.
In the recent past, some property deve...
The Flamingo Dai Lai Resort has launched a charm offensive to woo customers with free land rentals for customers who buy its villas.
This is the fir...
A picturesque landscape and rich history is making the central region a golden land to second-home villa investors.
International property group Bany...
More Hanoi-based property projects are offering competitively priced housing projects.
Strenuous efforts from property developers in sharing bank in...
Hanoi high-rise apartment developers are set to enjoy market rate service fees.
Hanoi People’s Committee last week told the Ministry of Constructi...
Recent research has suggested that urban development in the floodplain of the Ha Thanh River in Binh Dinh province increased the severity of a histori...
Berjaya Vietnam’s multi-billion dollar property projects are facing dark times.
The company, a subsidiary of Malaysia’s Berjaya Land Berhad, is g...
[English] The Vietnam City Resilience Index / Asia Foundation
