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New skyscraper to get rising by April

01/02/2012 08:56 am
New skyscraper to get rising by April
News - Bitexco Group prepares to kick off the construction of a 55-storey building in downtown HCMC by this April.

The Ben Thanh Towers project will be developed on 8,600 square meters in HCMC’s District 1 with investment capital of some US$400 million and bordered by four streets of Calmette, Le Thi Hong Gam, Pho Duc Chinh and Pham Ngu Lao.

The high-rise structure will provide around 138,000 square meters of floor area, including serviced apartments, offices for lease and shopping malls when it is complete by 2015.

In related news in the property sector, Nhon Trach Investment Joint Stock Co. plans to put villas in the Eastern Saigon new urban area project up for sale. It is a part of Nhon Trach new urban area project situated in Dong Nai Province’s Nhon Trach District.

Some 150 villas ranging from 300 to 600 square meters and townhouses with a total area of 170 square meters per unit will be on sale by the second quarter of this year, said Nguyen Hieu Loc, managing director of Nhon Trach Investment Joint Stock Co.

The project will be constructed on 942 hectares of land at a total cost of up to US$6 billion. It is slated to become a key hub of Dong Nai Province for industry, commerce, education, training, science and technology.

The investor has already paid site clearance, compensation and land use fees for about 700 hectares. For the completion of this project, the investor must mobilize through many channels including issuing corporate bonds and joining forces with other companies.
Source: SGT


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