The people's committee here has granted licences to four projects worth more than VND4 trillion (US$190 million). — Photo cfl

HCM CITY (Biz Hub) — The people's committee here has granted licences to four projects worth more than VND4 trillion (US$190 million).

Ben Thanh-Sao Thuy Company is investing VND3.6 trillion in a 17,577sq m site for a building, hotel and commerce complex in District 1's Da Kao Ward. The project is expected to provide 1,000 apartments and will become operational by 2020.

The Real Estate 11 Company is investing VND214 billion in the high-rise building Res 11 in District 11's Ward 3. The building will have 20 floors with 116 apartments and is expected to be completed in two years.

Covering a 1,496sq m area, the VND95-billion Binh Dong Xanh Project of Sai Gon 5 Construction and Commerce Company in District 8's Ward 13 will have 56 apartments for an estimated 250 people. It will become operational in 18 months. — VNS