HCM CITY — Sai Gon Property Services Ltd Co and Minh Nguyen Long Co on Tuesday broke ground on the Moscow Tower skyscraper in HCM City's District 12.
The US$15.2 million project will have 600 apartments and cover an area of 16,339sq.m. It is expected to be finished in the third quarter of 2012.
Tien Giang looks for further investment
TIEN GIANG — Tien Giang Province is striving to attract 50 more projects with a total investment capital of between VND12-15 trillion (US$571-$714 million), of which foreign invested projects will account for $150 million, according to Le Van Huong, director of the provincial Planning and Investment Department.
The province has also created favourable conditions for enterprises to invest in the projects. In 2010, it granted investment licences to 39 projects, with a total registered capital of VND8.3 trillion.
Construction starts on Da Lat trade centre
LAM DONG — Len Nguyen JSC has broken ground on the Da Lat trade centre in the Central Highland province of Lam Dong.
The ultra-modern project is financed with VND900 billion (US$42.9 million), occupying an area of 5,032sq.m. The skyscraper will include a traditional market with 560 stalls, a 76-room hotel and 49 luxury apartments.
VPBank, HAG ink loan partnership deal
HCM CITY — The joint-stock Viet Nam Prosperity Bank (VPBank) has signed a contract with Hoang Anh Gia Lai Land to provide preferential loans to the latter's customers.
Buyers of the apartments developed by Hoang Anh Gia Lai Land will be able to obtain a loan worth 70 per cent of the unit's price for up to 15 years without the need to prove their income, as generally required.
The company plans to offer more than 2,000 apartments in its HCM City projects during the first half of this year.Source: vnagency.com.vn
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