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Banking & Finance

OCB signs guarantee for Topaz City

Released at: 18:21, 26/10/2015

OCB signs guarantee for Topaz City

Bank to also provide loans to purchasers at HCMC apartment project.

by Hung Nguyen

On October 25 the Orient Commercial Joint Stock Bank signed an agreement with the Van Thai JSC to provide a guarantee for its Topaz City project in Ho Chi Minh City, with purchasers also given the opportunity to take out loans at preferential interest rates.

The agreement was signed on the same day sales at Block A1 of the project were open to the public.

The project developer is the Dat Xanh Mien Nam Corporation.

Speaking at the signing, Mr. Truong Dinh Long, Deputy General Director of OCB, said: “OCB is highly appreciative of the relationship between the two parties and we commit to providing out best support to the Van Thai JSC and purchasers at Topaz City. Purchasers will be able to borrow 85 per cent of the contract value for a term of 20 years, with a 12-month extension. I am sure this cooperation will be fruitful.”

The Topaz City apartment complex is located in a green area on 157,358 sq m in Ta Quang Buu Street in Ward 4 of District 8, and includes a business center and a pool, among other facilities.

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