11:17:34 AM | 13/11/2013
While the country’s real estate market continues to remain fairly quiet, in Binh Duong, a flow of foreign investment projects has been stirring up the local market.
As reported by the Department of Planning and Investment of Binh Duong, currently, there are many large-scaled real estate projects of foreign investors being implemented in the province. Of which are some major projects such as Becamex Tokyu (Japan) with a total investment of US$1.2 billion and an area of more than 700 ha; Phu Thang Long Architect and Construction Company (Taiwan) with a total investment of US$1.7 billion and area of more than 300 ha.
In October, the signing ceremony of the project IJC @ VSIP took place, a big project involving Becamex IJC Company, VSIP Joint Venture Company and Tac Dat Tac Vang Corporation. With a total area of 128 ha, this project presents a high-class commercial and services complex in Singapore–style with housing capacity for more than 4,000 professionals, 10,000 office workers and 39,000 labours living and working at the VSIP II and the vicinity. At the workshop introducing project, about 1,000 customers came to visit and seek investment opportunities.
Earlier, Setia Lai Thieu Co Ltd (Malaysia) started handing over the housing project EcoXuan in Thuan An Town to customers. This is a project of 10.8 hectares with total investment of more than US$170 million, all houses are adjacent townhouses in Phase 1 of the project. Phase 2 and 3 consist of townhouses, semi-detached house are expected to be completed by mid - 2014.
Recently, Becamex Tokyu started construction of the body of the "Sora Gardens I" Project worth more than VND400 billion. The project consists of 400 apartments with four podium floors, towers A and B of 24-storey height. Once completed by October 2014 as expected, Sora Gardens I built by Japanese quality standard will be one of the most luxury apartment complexes of Vietnam.
According to experts, the detail planning and fast, sound investment in infrastructure is the main factor to help Binh Duong attract foreign investors, including real estate projects. They have experience in urban development and strong financial advantage, therefore the projects could be disbursed quickly, creating a wide range of products for customers to choose. By focusing on supporting services for accommodation, leisure, entertainment, these projects are an attraction to customers, investors and especially entrepreneurs and foreign experts who live and work in Binh Duong.