New owner for unfinished AZ Lam Vien Complex
New owner for unfinished AZ Lam Vien Complex
The Ha Noi People’s Committee allowed Lam Vien Construction and Investment Joint Stock Company to sell the entire AZ Lam Vien Complex to AZ Land, according to an announcement by the municipal Department of Construction.
Lam Vien Construction and Investment Joint Stock Company is responsible for handling any problems that may arise and ensure the rights of buyers and relevant parties.
Construction of the AZ Lam Vien, located on Nguyen Phong Sac Street, Cau Giay District, began in 2009 but its construction had been stagnant since then, despite the contractor changing from Vinaconex 1 to Lac Hong Investment in 2014. Its construction has stopped on the 13th floor for years.
The project has 29 floors and two basements with total investment of VND690 billion (US$30.4 million).
