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VietNamNews

Property investor seeks partners

Update: May, 24/2013 - 11:30
HCM CITY (VNS)— Pacific Property and Infrastructure Development Joint Stock Company (PPI) is calling for investment into its two property projects in HCM City's Thu Duc District.

The projects are the riverside complex Water Garden covering over two hectares and a 2,400-square-metre apartment project, PPI Tower, which will have 80 apartments and 8,000 square metres for office space.

Pham Duc Tan, chairman of PPI, said land had been cleared for the projects and investment procedures finished, but due to difficulties in the property market and difficulty in assessing capital sources, the firm was incapable of carrying out those projects on its own.

Therefore, PPI had called for investors who had financial capabilities and wanted to co-operate with PPI to develop them. Partners can choose suitable cooperation models, but the prior solution is to set up a joint venture, Tan said.-VNS


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