Korean eyes real estate
Taeil S&D, a subsidiary of South Korea's Shindo Industrial Development, has expressed intention to invest in three areas in the new urban center of Thu Thiem in HCM City with total capital of US$900 million. According to Nguoi Lao Dong, the company will develop 6,500 apartments in Binh Khanh Ward of District 2 and sell to HCM City authorities for resettlement of residents in Thu Thiem. Other developments are eight office, commercial and apartment buildings.
Trung Quy Investment JS Company has been licensed to develop a 31-hectares Phu Da industrial zone in the Hoa Binh - Hoa Lac road building project on Tuesday, Phap Luat reports. The Build-Operate project is aimed to develop the 33-km route with 6 traffic lanes at a cost of VND4.3 trillion, and is scheduled for completion in 2010.
Source: Saigon Times
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