Singaporean group invests in HCM City’s property market hinh anh 1The agreement was signed on April 10 (Photo: Internet)
HCM City (VNA)SynGience, a financial group from Singapore, signed a contract on April 10 with Minh Nguyen Long company and L&L-Luckyland company on the development of a property project worth 400 billion VND (17.3 million USD) in Ho Chi Minh City.

The DepotMetro Tower-Tham Luong project, featuring about 660 apartments, will be built near Tham Luong station on the city’s Metro Line No.2.

At the signing ceremony, SynGience representatives said that Vietnam is an attractive market for international financial groups, especially after the country lifted a number of trade barriers and signed a series of free trade agreements, including the Trans-Pacific Partnership (TPP).

In other HCM City real estate news, Dat Xanh Group recently launched the Opal Riverside resort complex project along the Sai Gon river, worth nearly 1 trillion VND (43.4 million USD) with 648 apartments.

Also, Hung Loc Phat is developing the Golden Star project worth 932 billion VND (40.5 million USD) in District 7 with 478 apartments.-VNA