Construction gets underway on mixed-use residential project in Hanoi's Nam Tu Liem district.
MBLand began construction of the MBLand Central Point My Dinh residential complex in Hanoi’s Nam Tu Liem district on August 12.
“After a period of time for preparations, MBLand Central Point My Dinh has completed legal procedures and entered the construction stage,” said Mr. Vu Thanh Hue, Deputy Chairman and General Director of MBLand. “We will focus all our resources and financial resources on implementing the project on schedule, ensuring the committed quality standards.”
Located on the corner of Nguyen Co Thach and Ham Nghi Streets, the project covers an area of 4,435 sq m. With expected investment of VND1.1 trillion ($49.9 million) it comprises a 30-storey building that includes three basements, 400 high-end apartments for sale, a shopping mall, office space for lease, a kindergarten, swimming pools, and sport centers, among others.
Expected to be completed in 2017, the project promises to become a highlight in the general landscape of the My Dinh I new urban area.
MBLand Real Estate JSC, under the MB Group, has been the developer of a range of projects, including MB Sunny Tower in Ho Chi Minh City’s District 1, MB Grand Tower and MBLand Central Point in Hanoi’s Cau Giay district, and the Swiss Viet Hotel and Resort in Khanh Hoa province’s Cam Ranh Peninsula, among others.
The company is also seeking opportunities to expand their business activities overseas. It is expected to establish a representative office in Japan and Australia and it has recently worked with the UAE-based Vault Investment Foundation fund to seek investment cooperation in Vietnam and the UAE.