Ho Chi Minh City, 12th December 2017 – -, CII and Hongkong Land have signed a cooperation contract to jointly develop Thu Thiem River Park in Thu Thiem New Urban Township, District 2, Ho Chi Minh City.
The project will provide around 1,140 units including luxury apartments, sky villas and garden apartments; designed and arranged intelligently with a variety of unit sizes ranging from one to four bedrooms, and enjoying the scenic Saigon River and surrounding green area. Further amenities include swimming pools, public green areas, supermarkets and more; ensuring a comfortable, convenient, modern living environment. The gross development value of the joint venture project is expected to be more than US$400 million.
At the signing ceremony, Mr. Le Vu Hoang – Chairman of CII stated: “Successful negotiation with Hongkong Land will open new opportunities for CII in developing luxurious high-end property as well as achieving its business plan in the period of 2018-2020.”
Mr. Tan Wee Hsien – Head of Development Property, South Asia, commented: “This is Hongkong Land’s second residential project in Vietnam. We are delighted to expand our footprint in Ho Chi Minh City with this luxury residential development in Thu Thiem, which symbolises not only our quest for excellence, but our belief in the long-term prospects of Vietnam’s property market.
We are very pleased to be partnering with CII. CII’s strong reputation and local expertise have been invaluable, and we look forward to working closely with them on this exciting new joint venture development as we set new standards for quality in Vietnam. This marks the beginning of a long and fruitful relationship between Hongkong Land and CII.”