Richland Hill Viet Nam

$150m property project kicks off in HCM City

(01-09-2007)

HCM CITY — Hao Quang Trading and Services Co. and Hiep Phu Thinh Joint-Stock Company yesterday broke ground for a $150 million Richland Hill Complex project in Hiep Phu Ward in HCM City's District 9.

This is the first project in the country to be designed as a high-rise with an overhead garden, a popular architectural style in cities like New York and Chicago.

Designed by Ove Arup Hong Kong in partnership with the Construction Ministry's Nagecco, the complex will includ the 18-storey Athena Building containing commercial and office space; the Zeus Building, with a five-storey trade and entertainment centre and four 28-storey apartment towers; and the Apollo and Poseidon Buildings, with three 22-storey apartment towers each.

Construction is scheduled to be completed by 2011, and sale of apartments will begin in mid-2008.

Development consultancy was provided by Thai Thinh Capital, with financing from East Asia Bank.

CEO of Thai Thinh Capital, Tran Thanh Vinh, said: "We chose to locate the Richland Hill in District 9 since this is a gateway to HCM City, and a focal area for economic development in the near future. Construction of Long Thanh International Airport will help boost the growth of District 9."

Speaking about the local property market, Vinh said rumours about the frozen property market in Viet Nam were "completely untrue".

"In many years to come, demand will exceed supply and real estate will remain one of the hottest markets," he said. — VNS

Source:
http://vietnamnews.vnagency.com.vn/showarticle.php?num=04BUS010907

VNDIGITAL - MEDIA FROM VIETNAM.

Category:

People & Blogs

Tags:

• richland
• hill
• condo
• apartment
• luxury
• project
• complex
• ha
• noi
• city
• construction
• structure
• viet

[vndigital]

First of all. A foreign company invested to build these towers. Second of all poor people cannot afford to live here, if they did then they could easily get a suite of their own. They may one day afford this as they build their income. Lastly if you live anywhere in the world, you'd probably look at this tower and see yourself as a poor individual because you could never afford this either. So don't worry about the poor people, worry about yourself and enjoy the video,.

[frolicdetour]

The government pockets the money from these types of projects, while its citizens still slave away in the slums and streets. That is not progress, my friend, but a system that is easy to abandon its people for a quick buck.

[vndigital]

that's why Viet Nam's economy grows at 7-8% per year, the second fastest growing economy in Asia? good conclusion. I guess with your estimation Viet Nam's GDP should be 25% and up per year?

[duongdang]

chỉ có mê mày đi làm điếm chứ ai mà làm. DỰ án này đang thi công, sẽ sớm đưa vào sử dụng. Đất nước đang giàu lên từng ngày, chỉ có bọn chó chết nguỵ tụi bay thì đéo bao giờ tin vào sự thật

[justbecool1222]

omfg who the heel would make this if they got in mind that vietnam doesn't got money i myself are a vietnamees it would be great to have this but you guys are searching to high for this srry for bad comment..

[MrDosonhai]

Could you guys leave every Vietnam or any other Asian video in peace!! You guys don't like racists but if you do that, you will be one.

[009theo]

its good to see a nation progress... and i wish it will progress in other face too.. like political...and human right.. ... minh thay mung cho vietnam duoc tien trien hon. nhung hy vong se co nhieu ma.t tie'ng trien kha'c nua.. nhu la chi'nh sa'ch va Nhan quyen.... hay biet rang.. ai cung muon nuo'c minh gia`u ma.nh am no hanh phu'c.. hay y' thu'c the nao la tu. dzo. dzan chu? nhan quye`n... va hay coi chung tui. trung cong ho. am muu nguy ha.i vietnam cuop da't cuo'p bien.. hay y' thuc du'ng!

[louyht7]

@easysaigon how is this project progress my friend? is this project cancel?

[easysaigon]

Thanks to your good video. My old company made the foundation for this project.(from easysaigon)

[easysaigon]

I am proud of it