Construction on the King Crown Infinity residential and commercial complex project began on November 21 in HCM City’s Thủ Đức District. — VNS Photo

HCM CITY — Construction began on Saturday on the King Crown Infinity residential and commercial complex in HCM City’s Thủ Đức District.

With two 30-storey buildings, the King Crown Infinity is a high-end complex that combines a shopping mall, indoor pedestrian street and apartment building in a green ecosystem in order to maximize the enjoyment of living in a safe, dynamic and modern community with luxurious amenities such as a swimming pool, art spillway, kids' playground, bar, gym, restaurant, library, water - show fountain, water stream and others.

Moreover, the residential area is designed according to five-star standards with smart home technology applied in each apartment, providing a modern, convenient and luxurious living space.

Located at 218 Võ Văn Ngân Street, Bình Thọ Ward, Thủ Đức District - a prime location in the future Thủ Đức Creative City - the project is connected directly to the main highways, and is only 5 - 10 minutes to Saigon High Tech Park and the city centre via the Hà Nội Highway and a planned Metro subway line.

The Gia Khang Trading Investment and Service JSC is the owner of the project, while BCG Land JSC is the developer. Both are subsidiaries of Bamboo Capital Group (BCG). The project is built by the joint venture between the Transport and Industry Development Investment JSC (Tracodi), another BCG’ s subsidiary, and the Construction Corporation No. 1 JSC (CC1).

The project has a total investment cost of over VNĐ4 trillion (US$172.5 million) and is scheduled for sale launch in early 2021 and hand-over to customers in 2023.

Speaking at the groundbreaking ceremony, Nguyễn Hồ Nam, chairman of BCG and BCG Land, said: “This is a key project of our group in the high-class residential and commercial real estate segments after gaining certain achievements in the resort segment. With a modern and distinctive design language, King Crown Infinity will be an important driving force for the luxury real estate segment in Thủ Đức Creative City in the near future." — VNS