MIK announces partnership with VP Bank

Thursday, Jul 02, 2015 15:36

Villa Park project view. — VNS Photo

HCM CITY (Biz Hub) — Real estate developer MIK Corporation has announced that it will partner with Viet Nam Prosperity Bank (VP Bank) to carry out property projects including Park Riverside, Villa Park and The Park Residence.

The relationship was set up to respond to the amended Housing Law 2014, which is effective from July 1, in which property projects need to be guaranteed by banks.

The guarantee bank is responsible for refunding the payment to clients if real estate developers fail to hand over their products in time.

In another development, more than 1,000 clients joined MIK Corporation's marketing programme, in which 150 transactions were successful.  — VNS

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