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City issues licences to four projects

Update: October, 25/2014 - 09:13
Ben Thanh-Sao Thuy Company is investing VND3.6 trillion in a 17,577sq m site for a building, hotel and commerce complex in District 1's Da Kao Ward. The project is expected to provide 1,000 apartments and will become operational by 2020. — Photo webphunu.net

HCM CITY (VNS) — The people's committee here has granted licences to four projects worth more than VND4 trillion (US$190 million).

The Real Estate 11 Company is investing VND214 billion in the high-rise building Res 11 in District 11's Ward 3. The building will have 20 floors with 116 apartments and is expected to be completed in two years.

Covering a 1,496sq m area, the VND95-billion Binh Dong Xanh Project of Sai Gon 5 Construction and Commerce Company in District 8's Ward 13 will have 56 apartments for an estimated 250 people. It will become operational in 18 months. — VNS



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