Korean fund invests in condominium project in Vietnam
12/12/2011 09:52 am
News - Work on The Eastern high-class condominium project in Phu Huu Ward, Dist 9, HCM City was kicked off on December 6.
The Eastern is designed with 22 stories, 648 condos with area of 56-112 square meters, total floor area of 87,000 square meters.
Total estimated investment capital for The Eastern is $40 million invested by Hung Viet Co Ltd and KRDF03 (a joint venture of Hung Viet Construction Investment JSC, South Korean Real Estate Development Fund).
The Eastern is expected to be completed in 2013, aiming at the first buyers or customers who want to change to better accommodation in Dist 9 and neighbouring areas.
Currently, through partners in Vietnam, KRDF03 invested $1.2 billion in stock and real estate markets in the country. In which, $130 million was pumped into property projects such as Hanviet in Hanoi, Luxel service condo plan in Phu My Hung urban area, HCM City.
The Eastern is designed with 22 stories, 648 condos with area of 56-112 square meters, total floor area of 87,000 square meters.
Total estimated investment capital for The Eastern is $40 million invested by Hung Viet Co Ltd and KRDF03 (a joint venture of Hung Viet Construction Investment JSC, South Korean Real Estate Development Fund).
The Eastern is expected to be completed in 2013, aiming at the first buyers or customers who want to change to better accommodation in Dist 9 and neighbouring areas.
Currently, through partners in Vietnam, KRDF03 invested $1.2 billion in stock and real estate markets in the country. In which, $130 million was pumped into property projects such as Hanviet in Hanoi, Luxel service condo plan in Phu My Hung urban area, HCM City.
Source: Vietbiz24
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