FLC making preparations to re-start stalled project in early August.
The FLC Group plans to kick off construction of FLC Twin Towers, previously known as Cemaco Tower, at 265 Cau Giay Street in Hanoi’s Cau Giay district shortly, a month after it acquired the project.
According to Mr. Dang Tat Thang, Deputy Director Managing of FLC, the group is quickly completing all procedures to begin construction in early August. “Due to its favorable location, many investors and consumers have contacted to FLC to ask about the project’s construction progress as well as our plans for the sale of apartments,” Mr. Thang added.
After five years lying idle, the one-hectare project is now undergoing site clearance.
Under FLC’s plans, FLC Twin Towers will comprise twin towers, including a 50-storey residential tower and a 38-storey office tower, with apartments for sale on a total area of 66,484 sq m, office space for lease with a total floor area of 35,960 sq m, and a shopping mall on 25,000 sq m.
With total investment from FLC of VND5.2 trillion ($238.3 million), the project also includes other facilities to meet the needs of residents, including an international hospital, schools, indoor and outdoor swimming pools, and a green-space, among others.
The group is yet to reveal any information on apartment prices.
The FLC Group has attracted much attention in recent times after acquiring three real estate projects in Hanoi in 2014 and the early months of 2015, including two in Nam Tu Liem district and one in Ha Dong district.
It also became the owner and developer of the $260 million FLC Samson Beach and Golf Resort in the north-central province of Thanh Hoa and the $162 million Nhon Ly resort, villa and luxury entertainment complex in south-central Binh Dinh province.