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Apr 16, 2016 / 18:15

Individual housing market to be invested in Vietnam

By Tuan Minh

On April 15, Nam Long Group and partnership investors Hankyu Realty and Nishi Nippon Raroad signed a Memorandum of Understanding (MoU) to develop an individual housing project, called Fuji Residence, in District 9, Ho Chi Minh City.

 
The signing cermony
The signing cermony
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.

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