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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First phase of Ha Noi bridge finished

The first phase of the Vinh Tuy Bridge has been completed in time for the 1,000th anniversary celebrations of Thang Long-Ha Noi. — VNA/VNS Photo Anh Ton

HA NOI — Deputy Prime Minister Hoang Trung Hai inaugurated Vinh Tuy Bridge's first phase yesterday in Ha Noi.

The bridge is set to be the widest bridge in Viet Nam and is one of the major construction projects that is celebrating the 1,000th anniversary of Thang Long-Ha Noi.

Construction of the bridge kicked off in 2005. The bridge is the first major project financed by the municipal People's Committee with VND3.6 trillion (US$185 million) in total investment capital.

Hai said he highly valued the effort put forward by municipal leaders, the Ministry of Transport, the Ministry of Construction and related agencies.

He spoke highly of the contributions made by workers and residents, who have overcome difficulties to build the bridge.

Hai said this was an extremely important project and the bridge was a developmental milestone that would promote the city's industrialisation and modernisation as well as the Hong (Red) River region.

"This is an event that marks the maturity and development of Viet Nam's bridge construction sector," Hai said.

He instructed the capital to begin the second construction phase.

The bridge, which opened for public use last September, is one of seven Hong (Red) River crossings, which will help ease congestion in the capital. It will also reduce traffic flow and contribute to the completion of the city's Ring Road No 2.

The bridge has four lanes for traffic. About 34,000 vehicles now can cross the bridge and approximately 72,000 vehicles per day will be able to use the structure by 2020. — VNS

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