Japanese investors enter Vietnam’s individual housing market

08:58 | 20/04/2016 Economy

An individual housing project, called Fuji Residence, will be developed in District 9, Ho Chi Minh City after Nam Long Group and partnership investors Hankyu Realty and Nishi Nippon Railroad signed a Memorandum of Understanding (MoU) on April 15.

Japanese investors enter Vietnam’s inpidual housing market

At the signing cermony (Photo: VNA)

Accordingly, the two Japanese investors will buy 50 percent of the capital poured into the project by ASPL-PLB-Nam Long, a subsidiary company of Nam Long Group while sharing costs with the Vietnamese enterprise to build the project.

Covering an area of 5.38 hectares, Fuji Residence, built at a total cost of 1.3 trillion VND (58.3 million USD), will have 84 Valora villas and 789 Flora apartments, located along Rach Chiec River.

According to a representative of the Japanese investors, along with a favourable transport system, an attractive real estate market in Ho Chi Minh City is a compelling reason for Japanese businesses to land investment in the city./.


Source: VNA

Theo ven.vn