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Property

HBC wins $17 million HCMC villa project

Released at: 08:51, 04/09/2015

HBC wins $17 million HCMC villa project

Hoa Binh Construction and Real Estate Corporation wins tender for building Holm Residences in District 2.

by Minh Tuyet

The Hoa Binh Construction and Real Estate Corporation (HBC) announced on September 3 that it had won the contract to build all 29 villas at the Holm Residences project in Ho Chi Minh City’s District 2. The Sapphire Joint Stock Company is the project investor.

Total capital is VND382 billion ($16.9 million) and the project is expected to be completed in 12 months. The villas are located on an area of 2.7 ha, with 200 meters fronting the Saigon River. They are designed in three types: riverside villa, pool villa, and garden villa.

HBC is responsible for building the villas and the M&E Group will complete the décor and infrastructure.

Founded in 1987, HBC has 6,000 employees and has contributed to completing 80 high-rise projects and is currently carrying out approximately 50 projects around the country. It recently won the tender for construction and equipment installation at the International Terminal 2 - Tan Son Nhat International Airport Expansion Project and the tender for the construction of the entire structure, architecture and M&E packages for the Office Building Project - Saigon South Office 1 in District 1, Ho Chi Minh City.

The Sapphire Joint Stock Company is the investor of luxurious housing projects in commercial centers in Ho Chi Minh City, such as City Garden, Center Point, and President Place.

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