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Japanese firms to invest in apartment project

Update: March, 25/2015 - 08:03

Representatives of Japanese companies Hankyu Realty and Nishi-Nippon Railroad and Nam Long Investment Company at the signing ceremony in HCM City. — VNS Photo

HCM CITY (VNS) — Japanese companies Hankyu Realty and Nishi-Nippon Railroad yesterday signed agreements with the HCM City-listed Nam Long Investment Company to invest in an apartment project.

The two will invest VND125 billion (US$5.8 million) each in the VND500 billion Flora Anh Dao Apartments, which will be completed in 15 months' time, according to Nam Long chairman Nguyen Xuan Quang.

The 16-floor apartment block in District 9 will offer 500 units, a Japanese-style garden, community club, children's playground and other amenities.

Speaking at the signing ceremony, Toshihiro Matsuo, executive officer of Nishi-Nippon's housing division, said the Japanese firms chose to invest because of the project's location in HCM City, which was near Singapore and other ASEAN countries. — VNS

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