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VietNamNews

Apartment complex project receives construction credit

Update: June, 07/2013 - 10:11
The Bank for Investment and Development of Viet Nam on Tuesday granted a credit of VND1.8 trillion (US$86 million) to Duc Khai property company to fulfill the Era Town residential complex in Phu My Ward, District 7 in HCM City.— Photo vietccr.vn

HCM CITY (VNS)— The Bank for Investment and Development of Viet Nam on Tuesday granted a credit of VND1.8 trillion (US$86 million) to Duc Khai property company to fulfill the Era Town residential complex in Phu My Ward, District 7 in HCM City.

According to the Sai Gon Giai Phong (Liberated Sai Gon) daily, the VND4.7 trillion ($226 million) complex, which covers an area of 110,000sq.m, embraces 10 blocks and houses 3,000 apartments and several trade centres.

Upon completion, the investor will have to set aside many apartments for a resettlement scheme by the city's People's Committee. The other apartments will be for sale.-VNS




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