Thanks to its favorable investment climate, Binh Duong has over time attracted many FDI real estate projects with a total investment capital of more than US$2.4bln, contributing to promoting the local urbanization process…
The Tokyu Binh Duong Garden City project is seen as a top real estate project in Binh Duong province this year. Construction of the US$1.2 billion real estate project commenced in March in Binh Duong New City.
The real estate project is developed by a joint venture between Vietnam’s Becamex IDC and Japan’s Tokyu Corporation. Once completion, it will provide 7,500 apartments and houses, plus recreational and service facilities, and offices for lease, contributing to the sustainable development of Binh Duong New City.
A glance of the EcoLakes My Phuoc urban area invested by the Malaysian
leading
property developer Before
the Tokyu Binh Duong Garden City project, the US$620million EcoLakes My Phuoc
urban area of 226 hectares in My Phuoc township, developed by Setia Becamex, a
joint venture of S P Setia Berhad, the Malaysia leading property developer and
Becamex IDC Corp, is seen as a good start for the FDI capital flow into the
real estate sector in Binh Duong.
Next is the EcoXuan urban area project invested by Setia Lai Thieu One-Member Co.Ltd. under SP Setia Berhad with a total investment capital of US$177mln. Covering 10.8 hectares, it includes detached villas, apartments, shopping and recreational facilities…
Along with the above mentioned projects, Binh Duong has lured many other FDI real estate projects with great investment capital, including the US$200million Canary urban complex invested by Guocoland Real Estate Co.Ltd. of Singapore in Thuan An town with a modern recreation center, 4-star hotels, shopping center, international school and 1,200 high quality apartments.
Korea South Korea's Charm Engineering Group has also spent US$200mln on building the Charm Plaza property project. After completion, Charm Plaza will include 2,700 apartments, commercial center and other facilities. This is also the first real estate project which Charm Engineering invests in Vietnam.
According to investors, Binh Duong’s success in economy has created the great demand for real estate development. Binh Duong also has a favorable geographical location and a strong development on urban infrastructure to become a city under the central management in the coming time…Hence, making investment in the real estate sector of Binh Duong is a right selection for investors.
Reported by Hoang An-Translated by K.T
