Real estate developer sets for 530 million USD projects

29/04/2008 -- 4:42 PM

HCM City (VNA) – Real estate developer Phat Dat Corporation will begin two major projects this year at a total investment of around 8.5 trillion VND (530 million USD). The company’s chairman, Nguyen Van Dat, said on April 27 that Phat Dat would break ground for The EverRich 2 building in the next quarter. Located on more than 11ha of land in Ho Chi Minh City ’s District 7, the project is expected to be completed in early 2013, offering more than 3,200 apartments and commercial space. Another 1 trillion VND will be invested in a five-star hotel and resort project in Cam Ranh in Khanh Hoa province and completion in slated for 2011. Dat plans to increase his company’s chartered capital to 1.5 trillion VND this year from the current 1.3 trillion VND. The company also plans to list at the HCM City Stock Exchange next year.-Enditem
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