16/04/2016 08:39 GMT+7 Email Print Like 0

Japanese investors enter Vietnam’s individual housing market

Ho Chi Minh City, April 15 (VNA) – An individual housing project, called Fuji Residence, will be developed in District 9, Ho Chi Minh City after Nam Long Group and partnership investors Hankyu Realty and Nishi Nippon Railroad signed a Memorandum of Understanding (MoU) on April 15.

Accordingly, the two Japanese investors will buy 50 percent of the capital poured into the project by ASPL-PLB-Nam Long, a subsidiary company of Nam Long Group while sharing costs with the Vietnamese enterprise to build the project.

Covering an area of 5.38 hectares, Fuji Residence, built at a total cost of 1.3 trillion VND (58.3 million USD), will have 84 Valora villas and 789 Flora apartments, located along Rach Chiec River.

According to a representative of the Japanese investors, along with a favourable transport system, an attractive real estate market in Ho Chi Minh City is a compelling reason for Japanese businesses to land investment in the city.