Singaporean group invests in HCM City’s property market
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 VND400 billion (US$17.3 million) in Ho Chi Minh City.
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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 VND1 trillion (US$43.4 million) with 648 apartments.
Also, Hung Loc Phat is developing the Golden Star project worth VND932 billion (US$40.5 million) in District 7 with 478 apartments.
