14:35 | 03/04/2014 Companies
(VEN) - A groundbreaking ceremony was held on April 1 for construction of the Galaxy 9 and ICON 56 apartment projects in District 4, Ho Chi Minh City, with the Hoa Binh Construction & Real Estate Corporation (HBC) as the engineering-procurement-construction (EPC) contractor
Invested by the Tan Thuan Viet Real Estate Trading Joint Stock Company, Galaxy 9 would have one basement and two 21-storey towers. The HBC would build the project including the raw and finishing works and the electromechanical system at a total cost of more than VND350 billion. The project is expected for completion by November 2015.
As for the Novaland Investment Joint Stock Company’s ICON 56 apartment project, the HBC would construct and finish the body of the building and the electromechanical system at a total cost of more than VND170 billion. The project is scheduled for completion by September 2015.
The HBC also continued work on the Green Park apartment project in the Vinh Loc Residential Area in Binh Tan District, Ho Chi Minh City.
This March the Hoa Binh House Corporation (HBH) which is the HBC’s subsidiary signed an agreement to buy 330 apartments from the I.D.E Co. Ltd.’s Green Hills apartment project and changed its name to Green Park. The company is building the eighth storey and expected to complete the project and transfer apartments to customers by March 2015./.