3:26:39 PM | 7/8/2005
Apartment Complex for Low Income Earners Underway in
Khang Gia Ltd. Co. on May 16 officially kicked off construction on an apartment building complex for low-income people in
The Gia Phu complex will comprise two 9-storey buildings covering a total area of 10,352 square metres and will be equipped with an automatic fire prevention and fighting system, a European standard high-speed elevator, and other opulent furnishings.
It is the first complex of this standard for low incomers in the city.
An investment of VND155 billion (USUS$9.9 million) was funnelled into the construction of the complex, which features 246 apartments with an area of around 60-95sq.m each.
With the help of the Housing Development Bank of
In related news, the Khang Gia Co. has also signed a contract to invest VND5 billion (USUS$318,471) in upgrading infrastructure in Tan Phu district. The company is said to be the first of its kind in the city which is licensed to construct tall buildings in a move to complete a blueprint to build 30,000 new apartments in
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