More credit for apartment complex

Wednesday, Jun 05, 2013 14:09

Part of Era Town will be spared for resettlement of HCM City. — Photo

HCM CITY (Biz Hub) — The Bank for Investment and Development of Vietnam yesterday granted a credit of VND1.8 trillion (US$86 million) to Duc Khai property company to fulfill the Era Town residential complex in Phu My Ward, District 7 in HCM City, according to Saigongiaiphong online.

The VND4.7trillion ($226million) complex, which covers an area of 110,000sq.m, embraces 10 blocks and houses 3,000 apartments and several, trade centres space.

Upon completion, the investor will have to set aside many apartments for a resettlement scheme by the city's People's Committee. The other apartments will be for sale. — VNS

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