HCM CITY — The Sacombank-owned Sai Gon Thuong Tin began selling housing units in a huge property in HCM City's Tan Phu District last Saturday.
The 82-ha Celadon City is being built by Sacomreal – as the developer is known – in partnership with Malaysia's Gamuda Land as a high-quality urban living space.
Work on the US$1.6 billion property project started in September 2010, according to a Gamuda Land spokesperson.
The project's 16-ha central park is complete and will be followed by a 5.4ha sports complex in the first quarter of 2013.
The company is offering for sale apartments in the Ruby Precinct at a starting price of VND19 million ($900) per square metre. Buyers can deposit 30 per cent of the price upfront and pay the rest in the first quarter of 2013 on completion of the apartments.
At the launch on Saturday, Sacomreal signed an agreement with AEON, a leading retailer in the Asia-Pacific, under which the latter will invest in a commercial centre in Celadon City, which is scheduled to be completed in early 2014. — VNS