BID Viet Nam announces high-end residential project

Sunday, Oct 25, 2015 22:50

BID Viet Nam signs co-operation agreement with An Phu Company. — VNS Photo Nguyen Manh Ha
HA NOI (Biz Hub) — The Building and Infrastructure Development of Vietnam Joint Stock Company (BID) yesterday announced plans in Ha Noi for The Garden Hill residential complex.

Located in Tran Binh Street in South Tu Liem District, considered by many to be a "golden" location in the west end of the capital, the complex would have two buildings of 25 and 29 storeys that include 375 apartments.

Covering an area of 5,500sq.m, the complex would also have commercial centres, offices for rent and entertainment areas.

The project is expected to begin selling apartments during the first quarter of 2016. Home buyers could enjoy preferential 80 per cent loans for purchasing apartments, with 20 year pay-back terms. In addition, investors said they would pay interest rates until the apartments are handed over to their owners, along with owners receiving two years of services fees at no charge.

A perspective image of The Garden Hill. — VNS Image

The project is scheduled to be completed in the third quarter of 2017.

Also at the ceremony, BID Viet Nam signed co-operation agreements with five partners. Accordingly, the Bank for Agriculture and Rural Development of Viet Nam (Agribank) will provide finance capital, Military Bank (MB) is to offer loans to home buyers, Savills is to operate the buildings, Japanese JCM will manage and supervise the quality of the construction and An Phu Company will handle marketing of the project.

Tran Van Manh, chairman and general director of BID Viet Nam, said the co-operation is expected to help the company complete the project with the highest quality, fastest progress and most convenient sale policies for customers. — VNS

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