Gamuda Land will use the loan to invest in a luxury real estate project in Ho Chi Minh City.
Gamuda’s property arm Gamuda Land has entered into an agreement to acquire a 3.7-hectare site in Thu Duc City in Ho Chi Minh City for approximately $316 million.
Hoa Binh Construction Group Joint Stock Company has just kicked off the third phase of Celadon City, invested by Gamuda Land, located in Tan Phu district, Ho Chi Minh City.
Gamuda Land’s intention of changing its Gamuda Gardens township development plan in order to increase the number of houses for sales has faced negative feedbacks from people living in the area.
