Singaporean group invests in VND18 trillion real estate project in Binh Duong

Covering on an area of 18.9 hectares, the Sycamore project is located in Hung Vuong avenue of Phu My ward in Thu Dau Mot city in the southern Binh Duong province.

The ceremony was attended by Minister of Construction Nguyen Thanh Nghi, Singapore Consul General Kho Ngee Seng Roy, and various leaders of Binh Duong province. 

The project is expected to provide about 3,500 townhouses, villas, and apartments to thousands of people. At the event, Singaporean Consul General Kho Ngee Seng Roy highlighted the time-honoured partnership that exists between Vietnam and Singapore, which has recorded numerous achievements in multiple spheres such as trade, investment, education, tourism, and defence.

He described Binh Duong province as one of the dynamic localities with the initiative in applying policies to attract foreign investment.

For his part, Mai Hung Dung, standing vice chairman of the People's Committee of Binh Duong province, spoke highly of the real estate investment project in the locality.

This project has marked an important milestone in the economic and urban development of Binh Duong province, thereby creating a premise for future investment between Binh Duong province and Singapore moving forward, Dung said.

The locality will create the optimal conditions possible for investors to swiftly complete the urban development project to fulfil the province's overall goal of being smart and sustainable urban development area, Dung added.

To date, the province has attracted more than 4,100 foreign direct investment (FDI) projects with a total investment capital of more than US$40 billion from 65 countries and territories around the world, thereby becoming the second locality in Vietnam in terms of FDI attraction.