Under the contract, with an initial investment of US$50 million, the Japanese group will apply Japanese experience and technologies in the project implementation as well as transfer Japanese-standardised management and operation processes to the Vietnamese side.

The Dream Home Palace project in District 8, HCM City will be the first joint project between the two sides. It will offer more than 900 apartments at a price of only VNĐ888 million ($39,900) each. 

Meanwhile, the Hia Binh House Joint Stock Company has also partnered with two Japanese partners, Okamura Home and Sanyo Homes, to set up the Okamura Sanyo Properties Joint Stock Company specialising in real estate management in Việt Nam.

Okamura Sanyo Properties is expected to become one of the leaders of the real estate management market in the Southeast Asian nation. — VNS