Binh Duong's billion dollar project opens apartment sales

Binh Duong's billion dollar project opens apartment sales

Becamex Tokyu Company Ltd, a Viet Nam-Japan joint venture, began selling apartments in its first real estate project in the country on Wednesday.

On offer are more than 400 apartments at Sora Garden 1, one of three high-rise condominium projects being built under an overall project called Sora Gardens.

The first stage of selling will last until April 18 in the form of capital contribution contracts for a limited number of customers. From April 19, it will be open to all.

Sora Garden 1 is being built on an area of more than 9,000 sq.m with two 24-storey buildings. It is a complex that combines residential, commercial and retail centres. The apartments on sale are 67sq.m to 105sq.m in . The average cost of the apartments is around US$1,000 per sq.m.

Construction of the project began in November 2012 and is expected to be handover in 2014.

Also on Wednesday, the company signed an agreement with Vietcombank, Vietinbank and Eximbank to provide client support for those buying apartments inSora Garden 1.

Sora Gardens is one part of a US$1.2 billion-Tokyu Binh Duong Garden City Project.

With this project, total foreign-direct-investment (FDI) coming into the province increased more than 2.5 times over the previous to $2.8 billion last year. It pushed the southern province to first place in the country in attracting FDI.

The project is an important part of the Binh Duong New City, which is planned as a new green and clean urban area that will become the core political, economic, cultural and social centre in the province by 2020.

Population of the new city is expected to increase rapidly once the provincial government offices are moved to a new location at the heart of the city this year.

vietnamnews