Savimex invests in five real estate projects

Savimex Import Export and Economic Cooperation Joint Stock Co (coded SAV) has announced information about five real estate projects that the company has been investing in HCM City.

In details, the company has finished the foundation construction of Ngoc Lan residential quarter in Dist 7, HCM City. There will be 275 high-end apartments to be built in this project with total investment capital of 390 billion dong. Savimex and EVNLand are the two main investors with capital contribution rate of 50/50.

The second project is to construct resort complex and 60 villas in Da Lat on a site of 16.28 hectares. This project was granted investment license previously with the planning ratio of 1/500.

As for the construction project of five blocks to be built on 5.2 hectare land plot in Phu My Zone, Dist 7, HCM City, the company has finished 96 percent of the land compensation and is expected to receive construction licence by the end of this year.

The company’s fourth construction project of high-class apartment buildings located on Dao Tri St, opposite to Nha Be River with total land area of 6,000 square metres is to be kicked off in 2010

One more project is for the construction of an 18-storey tower with 270 apartments on a site of 3,000 square metres in Lac Long Quan St, Hoa Sen Ward, Dist 11, HCM City. This is a joint project between Savimex and Satra with total investment capital of 240 billion dong.

 

Category: Business