Japan’s Mitsubishi Group invests US$30 million in HCM City’s green property
The Diamond Lotus Riverside Complex in District 8, Ho Chi Minh City will be built in accordance with green construction standards with US$30 million in investment from the Japanese Mitsubishi Group.
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The investment will be made through Phuc Khang Corporation after the two sides inked a strategic cooperation agreement to branch out green housing projects in the city.
The complex will be developed under the Leadership in Energy and Environment Design (LEED) standards devised by the US Green Building Council.
After the Diamond Lotus Riverside project, the two partners will work together to develop more property investments in Districts 1, 2, 8 and 10 and Tan Binh and Tan Phu districts.
According to reports from the municipal People’s Committee, the real estate sector attracted the largest foreign direct investment amount with US$984.4 million during January-November, tripling the figure the same period last year.
