Showing posts with label Novaland starts. Show all posts
Showing posts with label Novaland starts. Show all posts

Sunday, December 12, 2010

Novaland starts second phase of high-rise condo

Novaland starts the second phase of Sunrise City project in HCMC’s District 7 - Photo: Mai Huong
HCMC - Nova Real Estate Investment Corporation (Novaland), owner of the Sunrise City project, has commenced work on the second phase of a property project worth half a billion U.S. dollars in southern HCMC.

The company in this phase will develop four towers from 31 to 35 stories each with some 632 high-end apartments, and a large luxury department store, all in the complex named Central Plaza.

Besides, the company also is developing the V-block of Sunrise City, a residential complex in HCMC’s District 7. V-plot consists of six towers ranging from 31 to 34 floors with 752 high-end apartments, a commercial center of four floors and a public utility area of more than 21,000 square meters.

The first phase of the project is expected to be completed in early 2012, with six apartment towers.

Sunrise City is a huge project with a total land area of 5.12 hectares. The project consists of three main blocks, namely V, W, and X, with 14 apartment towers from 31-35 floors.

Upon completion, the project will offer over 1,800 high-end apartments, penthouses and over 70,000 square meters of business and shopping centers. Total investment of the project is more than US$500 million.

The project is located on Nguyen Huu Tho Street close to Phu My Hung town in District 7. To ensure construction quality, Novaland has selected Kumho E&C, one of the three most prestigious contractors in Korea, to build the complex.

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