EAB supports real estate investors
07-OCT-2008 Intellasia | Dau Tu Chung Khoan page 28
Oct 7, 2008 - 7:00:00 AM
|
Hiep Phu Gia Ltd Co, a real estate firm has inaugurated the Richland Hill high-class apartment building project at No 77B Cao Thang St, Ward 12 of HCM City's Dist 10. Eastern Asia Bank (EAB) has invested in the project through the house purchase support programme. Accordingly, customers who want to buy apartments in Richland Hill are allowed to borrow 50% of the value of that apartment for 20 years with the preferential lending rate of 17% pa in the first five years, and open a saving book based on initial payment ratio of buyers at EAB. With the equity of only 20% of house value and a stable job, customers can own a high-class apartment in Richland Hill project with preferential lending terms of EAB. Borrowers only need to pay monthly interest rate without principal. Mortgaged asset is the apartment that customer wants to buy. The project has a total initial investment capital of about US$300 million, over 310,000 square metres of construction floor area including 1,100 apartments. In which, 30,000 square metres are designed for shopping and entertainment centre. In addition, the project comprises office towers Grade A with over 25,000 square metres of floor area.
Participants
Hiep Phu Gia Ltd Co is the investor of Richland Hill project.
Thai Thinh Capital is the professional consultant operating in such fields as real estate investment and development and asset management in Vietnam. As for Richland Hill, Thai Thinh Capital is the development consultant with experience in financial and real estate management in Vietnam and foreign countries.
Eastern Asia Commercial Joint Stock Bank (EAB) is one of Vietnam's leading joint stock banks with the chartered capital of 1.840 trillion dong, workforce of 3,000 staff, 145 branches and transactions nationwide, network of 1,200 ATMs, 1,500 POS and over two million customers. In Richland Hill, EAB plays as the monopoly sponsor through launching "Vua co nha, vua co tien" programme.
Colliers International is a worldwide affiliation of independently owned and operated companies. Their mission is to provide clients with the best possible real estate solutions. As a global affiliation of independently owned real estate services firms with 11,000 employees in 293 offices in 61 countries, they are able to provide specialist local real estate advice. Colliers was among the first commercial real estate organisations to recognise the importance of local knowledge on a global scale. As early as 1986, Colliers International joined commercial firms in Asia, Canada, US, Europe, the Middle East and Africa to provide consistent, superior service in multiple locations.
Ove Arup & Partners HongKong Ltd is a global firm of designers, engineers, planners and business consultants. Outstanding solutions, innovation and value characterise their work. They have a vast pool of technical expertise across the world, enabling them to achieve the best possible results for the clients. In Richland Hill, the company works as a design consultant for the project.
Bauer Vietnam, a branch from German operates in fields of construction design. In Richland Hill project, Bauer will construct work foundation.
Construction Joint Stock Co No 1 (Cofico) is one of Vietnam's leading construction companies specialising in project research, consultancy and management. Cofico is the main contractor of Richland Hill.
Surbana International Consultant Pte. Ltd, a Singapore based international consulting firm operates in fields of urban area development, and infrastructure construction and development. In Richland Hill, Surbana is the architectural and electrical design consultant.
|
| |
|  |
|
Advertising
