Alpha King, a foreign-owned property developer and consultancy, officially launched in HCM City on Wednesday nearly two years after first coming to the country.

It is owned by a foreign fund whose shareholders are from Shanghai, Hong Kong and Australia. But the company declined to name the fund or its size.

It said it would focus on HCM City with developments in many segments like office space, luxury apartments and commercial space.

It will also provide architecture and technical consultancy and assets management services.

It is currently developing at least two projects in HCM City, Alpha Town and Alpha City.

Alpha Town is a 72,000sq.m A-grade office building with 35 floors on Tran Hung Dao Street in District 1.

Alpha City is a mixed-use development with a shopping mall and luxury apartments also in District 1.

It will have two buildings, 49 floors, 40 for condos and eight floors for the mall.

The two projects will be launched in the market in September.

Jimmy Chan, CEO of Alpha King, laid out the company’s vision: “We believe we can redefine luxury living in Sai Gon and lay the foundation for a world class city.

“Our mission is to constantly challenge ourselves to push boundaries, create unique landmark developments that last for generations. What we build is more than some high-rise buildings or shopping centres.

“We want to introduce new lifestyle possibilities to different generations and elevate the quality of Vietnamese real estate projects to meet international standards.”

The company said it uses cutting-edge technology in its projects such as BIM and smart living solutions to provide the best quality of light, water and air, and ensure fire safety systems meet international standards with its evacuation room having fire-proof walls and staircase designed perfectly for emergency exit in case of a fire. — VNS