Landmark Towers sold 90 percent of high-grade apartments

Keangnam-Vina Co chairman Ha Jong Suk said despite the high prices and a quiet real estate market, the Keangnam Hanoi Landmark Towers had already sold 90 percent of the project's high-grade apartments.
Keangnam-Vina Co chairman Ha Jong Suk said despite the high pricesand a quiet real estate market, the Keangnam Hanoi LandmarkTowers had already sold 90 percent of the project's high-gradeapartments.

The Republic of Korea-based Keangnam Groupinstalled the roofs on Vietnam 's two highest residential buildings inHanoi late last week.

Covering an area of over46,000sq.m, the two 48-storey buildings will add 922 high-gradeapartments to the market for an average price of 3,000 USD per squaremetre.

The 1.05 billion USD complex features a 5-star,70-storey hotel managed by the InterContinential hotel group, offices,entertainment areas, retail spaces, clinics and convention centres.

It was anticipated to be the country's highest building and the world's17th highest, and the 5th largest single structure in the world uponits completion until PetroVietnam announced it would build a 102-storeyproject in My Dinh.

Keangnam began construction in November 2007.
In a speech delivered at the ceremony, Deputy Minister of ConstructionNguyen Tran Nam said the project was one of the key strategicdevelopment projects to welcome the 1,000th anniversary of Thang Long –Hanoi .

He also asked investors and sub-contractors to follow the commitment timeline and to ensure security.

The two towers are expected to become operational by the beginning of next year, with the hotel to open to guests next August.

The apartments are scheduled to open to residents in February./.

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