Mitsubishi Corporation entra in Vietnam con un grande development residenziale

Mitsubishi Corporation (MC) announced today that it will be working in partnership with Sembcorp Development on a housing development project in Vietnam.

The project will involve the construction of eleven 16-18 story condominiums in the province of Binh Duong, just north of Ho Chi Minh City. Some 1,419 units are planned for the complex, which will be built in phases in the “main gate” area of Binh Duong’s Vietnam Singapore Industrial Park (VSIP).

VSIP, an enterprise that builds and operates industrial parks across Vietnam, was set up in 1996 based on an agreement between the governments of Vietnam and Singapore. To date, VSIPs have been established at six locations across the country. MC and Sembcorp have been working in collaboration with VSIP since its inception and in September 2012, MC and Sembcorp signed a strategic partnership agreement for comprehensive real estate development in South East Asia with the aim of working together on township development initiatives in the region. This project is the first to be executed under that agreement.

Due to strong economic growth, Vietnam has been attracting much foreign investment, particularly in the manufacturing sector, which has led to an increase in population around industrial parks such as VSIP. This has, in turn, created greater need for urban development, such as the establishment of housing and commercial facilities. This project at Binh Duong is a first step for MC as it seeks to deepen its involvement in real estate development at Vietnam’s VSIPs.

MC is already engaged in a number of real estate businesses around the world, including projects in Japan, North America, China and South East Asia. In addition to the expertise developed through these projects, MC will draw on Japanese technological and product planning expertise to expand its real estate development business in Vietnam and other countries in South East Asia, including the Philippines, Indonesia and Myanmar.


Project Outline

Land Area: 40,100 m²

Floor Area: 163,436 m²

Number of Buildings: 11 towers

Number of Units: 1,419

Estimated Development Schedule  : Phase I Start Date,  July 2015; Start of sale of Phase I units, October 2015 ; Completion Date, The first quarter of 2017



Source : Company


Testata giornalistica non registrata ai sensi dell’Art.3 bis del D.L. 18 maggio 2012, n. 63 convertito in Legge 16.07.2012 n°103

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