Singaporean company acquires housing urban area in Binh Duong
Covering 18.9 ha, the project will build 3,300 apartments and 462 villas.
Becamex IDC has received approval from authorities in southern Binh Duong province to transfer a housing urban area complex in Binh Duong New City to Sycamore, an affiliate of the Singapore-headquartered CapitaLand, for construction.
Covering 18.9 ha, the project will feature 462 villas and 3,300 apartments on a total construction area of 592,876 sq m.
It will have an estimated population of 12,500.
The project’s total investment capital is estimated at more than VND13.6 trillion ($566 million).
CapitaLand began to operate in Vietnam in 1994. The group has a range of projects in many cities and provinces around the country, including Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Da Nang, Quang Nam, Khanh Hoa, and Binh Duong.
