Housing developer Tai Nguyen Company on Sunday launched two projects in HCM City’s Nha Be District worth over US$1 billion, New Downtown Kenton Node Hotel Complex and Evergreen.

They will be located on a combined area of over 11ha at the junction of Nguyen Van Linh and Nguyen Huu Tho streets in Nha Be District, and be a complex of apartments, condo-tels, hotel, shopping mall, food and beverage area, amusement area, school and clinic.

According to the developer, New Downtown Kenton Node Hotel Complex will be a five-star hotel with 288 rooms and 586 condo-tels. It will also have 1,683 condos in sizes ranging from 47sq.m to 142sq.m.

There will be a swimming pool, BBQ area and a one-hectare garden.

A 1.8km walking street and a basement car park with a capacity to 5,500 vehicles will also be built.

The 7.4ha EverGreen will be surrounded by a river.

It will contain 42 garden villas in sizes ranging from 680sq.m to 1,200sq.m. and 68 city villas of 180-250sq.m size.

At the projects’ launch, the company signed contracts with BIDV and Maritime for over VND1 trillion (US$44 million) to develop Kenton Node.

SHB will provide VND500 billion ($22 million) for Evergreen. — VNS