The model of New City Project worth VND2 trillion in Thai Binh Province. — Photo cafef.vn

HA NOI (Biz Hub) — Private realty developer truman Holdings Corporation Vietnam announced a VND2 trillion (US$89.6 million) project named New City Project in northern Thai Binh Province on September 14.

New City is spread over 26ha of land in Tran Lam Ward with a building density of 40 per cent. The project is surrounded by three major roads of Thai Binh, Le Quy Don and Hoang Van Thai Street.

The project will have 1,000 townhouses, 53 luxury villas, a business center and a pool, as well as a sport centre, a children's playground, a kindergarten and a park.

Besides the New City Project, Truman Holdings Corporation Vietnam also announced three realty projects in HCM City, Da Nang City and Binh Thuan Province, with the total investment for the projects amounting to VND4 trillion. These projects have already met conditions and construction is set to begin. They are expected to be completed and in operation before 2020.

The Construction and Infrastructure Development Corporation is the contractor, while the Bank for Investment and Development of Vietnam and the Bank for Housing Development are the lenders for these projects. — VNS