On 11/07/2017, CII Group signed a Memorandum of Agreement with Hongkong Land to jointly develop luxurious high-end apartments on a prime land site received from conducting the BT Infrastructure Project in Thu Thiem, Ho Chi Minh City.

Situated in Thu Thiem, Ho Chi Minh City, the joint venture will develop luxury residences that promise to set a new standard of quality for Vietnam. The projects will consist of approximately 965 units including luxury apartments, airy villas and garden apartments, enjoying the scenic views of Saigon River and the surrounding green areas. The gross development value of the joint venture is expected to be more than US$400 million.

These projects will also offer apartment units designed in a variety of sizes ranging from one to four bedrooms, with amenities such as swimming pools, public green areas and boutique supermarkets to ensure a lush and comfortable living environment.

It is expected that this successful negotiation with Hongkong Land will open new opportunities for CII in developing luxury and high-end properties and help meet the goals set out in the company’s business plan for 2018-2020.