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| Developers and guests make a symbolic gesture at the groundbreaking ceremony of Hoang Phat new urban area in Bac Lieu - Photo: Le Toan |
Hoang Phat Construction and Investment JSC is teaming up with Lilama Land to develop Hoang Phat new urban town covering some 66 hectares along Bac Lieu City’s entrance and main streets.
Hoang Thanh Long, general director of Hoang Phat Co, said some VND500 billion would be spent on the project to build about 2,000 housing units for around 10,000 people. The project will consist of amenities such as school, hospital, student dorm and commercial section.
Meanwhile, Duc Khai Corporation launched a model apartment gallery for a condo project in HCMC’s District 7 over the weekend to house families that have been relocated to make room for other projects.
The corporation is investing VND4.3 trillion in the project on 10 hectares to construct around 1,000 apartments for relocated families in the city.
When the land-for-home project is complete, Duc Khai will decide the number of apartments to be exchanged for land, and publicly sell the remainder to recoup its investment capital.
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