Leading real estate developer SonKim Land Corporation, Quoc Loc Phat JSC (Quoc Loc Phat), and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have signed a strategic cooperation agreement and officially kicked off The Metropole Thu Thiem project in Thu Thiem New Urban Area (District 2, Ho Chi Minh City). SonKim Land becomes developer of $320.1 million project in Thu Thiem This strategic cooperation agreement will contribute to maximising the strength of each party in implementing and developing the project. Notably, the project owner Quoc Loc Phat has the financial strength as well as investment capital from foreign shareholders. The authorities have approved all legal procedures, land allocation, project investment and Quoc Loc Phat has fulfilled all financial obligations for the land lots in the project. SonKim Land, with its experience in developing high-end real estate projects in Vietnam, is confident to successfully develop the project in … [Read more...] about SonKim Land joins development team of Metropole Thu Thiem
Thu thiem sky
Nine golden land plots at Thu Thiem New Urban Area aim foreign investment
The auctions will start at $1.18 billion The representative of the Ho Chi Minh People’s Committee released that after receiving the approval of its chairman, the city decided to organise an auction to select investors for nine land plots in Thu Thiem New Urban Area with the starting price of VND27 trillion ($1.18 billion). The city issued five criteria for interested investors. Accordingly, participants will have to ensure to develop the real estate projects on schedule. The second is that investors must have sufficient management capacity. The third is that they will have to participate in infrastructure development projects for neighbouring projects. The fourth is that they will have to pay deposit to guarantee not quitting from the projects and the fifth is a proven financial capacity as well as the capacity to mobilise capital to develop the projects. Thu Thiem New Urban Area is located to the east of the Saigon River, facing District 1, with a total area of 657 hectares. … [Read more...] about Nine golden land plots at Thu Thiem New Urban Area aim foreign investment
CII sets up targets for Thu Thiem River Park
Ho Chi Minh City Infrastructure Investment JSC (CII) targets to open the mock-up unit of the $400-million Thu Thiem River Park complex in April this year. According to the latest statement from CII, the detailed zoning of this project will be approved by March 30, 2018. CII aims to start the construction of Thu Thiem River Park within the year By September 30 this year all the documents of the project will be completed and the project will be started right away. The project will also launch sales from October this year and will be completed in December 2021. Located at Thu Thiem Urban Area in District 2 of Ho Chi Minh City, Thu Thiem River Park is developed by CII and Hongkong Land. The project will provide around 1,140 units, including luxury apartments, sky villas, and garden apartments, and was designed and arranged intelligently with a variety of unit sizes ranging from one to four bedrooms, and scenic views on the Saigon River and surrounding green areas. Further … [Read more...] about CII sets up targets for Thu Thiem River Park
Saigon Sky Deck opens at Bitexco
Saigon Sky Deck opens at Bitexco A foreign visitor reads up on the city’s history in the observatory The developer of the city’s tallest building, Bitexco Financial Tower, located on Ho Tung Mau in HCMC’s District 1, has officially opened its Saigon Sky Deck observatory on the 49th floor. The deck will give locals and visitors a panoramic view of the city from a height of 178 meters above ground level. Besides installing some modern telescopes to give viewers a closer look, interactive touch screens also offer pictures and information on the history, culture and architecture of the city. The Sky Deck is open daily, with viewing hours from 9.30 a.m. to 9.30 p.m. Entrance is priced at VND200,000 for adult and VND130,000 for children under 16 years old. Here are some snapshots taken by the Daily’s Dinh Dung. … [Read more...] about Saigon Sky Deck opens at Bitexco
Fireworks to light up HCM City skies
The HCM City People's Committee has announced fireworks displays will be organised at two spots to mark National Day on September 2. The fireworks will begin at Thu Thiem Ward in District 2 and Dam Sen Park in District 11 at 9pm and last 15 minutes. They will be broadcast live on HTV 9. Tuoi TreYouth) Businesses violate environmental laws The HCM City environmental police inspected 415 businesses last year and in the first half of this year, and found 238 of them violating environmental protection norms. The most common offence was the discharge of wastewater that failed to meet approved standards and unlicensed exploitation of groundwater. They fined the violators nearly VND6 billion (US$289,800). Two others found to be causing severe pollution were forced to shut down. Lao Dong(Labour) Tourist sites warned of food poisoning risks The Quang Nam Department of Health has warned that popular tourist sites like Hoi An Town and My Son Sanctuary face food poisoning risks. It urged … [Read more...] about Fireworks to light up HCM City skies