BID and HANHUD sign co-operation agreement for construction of BIDHomes Golden South complex. — VNS Photo Truong Vi

HA NOI (Biz Hub) — The Building and Infrastructure Development of Viet Nam Joint Stock Company (BID) and Urban and Housing Development Joint Stock Company have signed an agreement for BIDHomes Golden South project's development.

Under the co-operation contract signed yesterday, the two sides will construct the 9,760sq.m complex in the expanded North Dai Kim Urban Area in the city's Hoang Mai District.

The project would have three 28-storey buildings, five floors of commercial centres and offices, two grounds and 874 apartments measuring 70sq.m to 88sq.m each.

With a favourable location, the complex will be easy accessible, with the capital's centre being just a 10-minute drive away. BIDHomes Golden South will also be close to the large residential areas of Linh Dam, Dinh Cong, Dai Kim and Gamuda Gardens, as well as large universities and hospitals.

The construction is expected to start in the second quarter of 2016, with the complex becoming operational in the second quarter of 2018.

Speaking at the ceremony, BID Chairman and General Director Tran Van Manh said the co-operation between the two prestigious companies in the property sector would help to make the project become operational soon, thus meeting the demand of both investors and home-buyers in South Ha Noi. — VNS