Japan’s Mitsubishi Group invests in HCM City’s green property

15:40 | 02/01/2018 Economy

The Diamond Lotus Riverside Complex in District 8, Ho Chi Minh City will be built in accordance with green construction standards with 30 million USD in investment from the Japanese Mitsubishi Group.

Japanese Mitsubishi Group and Phuc Khang Corporation inks strategic cooperation agreement - Photo: baocungcau.net

The investment will be made through Phuc Khang Corporation after the two sides inked a strategic cooperation agreement to branch out green housing projects in the city.

The complex will be developed under the Leadership in Energy and Environment Design (LEED) standards devised by the US Green Building Council.

After the Diamond Lotus Riverside project, the two partners will work together to develop more property investments in Districts 1, 2, 8 and 10 and Tan Binh and Tan Phu districts.

According to reports from the municipal People’s Committee, the real estate sector attracted the largest foreign direct investment amount with 984.4 million USD during January-November 2017, tripling the figure the same period of previous year.

Theo VNA