A joint venture between FLC Group and Lotte Land has been formed in early June with a chartered capital of over $24 million to invest in a real estate project in Hanoi.
Thai Square office building is the second real estate project in Hanoi owned by Thaigroup.
This project has marked an important step of T&T Group in developing real estate projects in the North of Vietnam.
A joint venture has just been established to develop a $115-million real estate project, on a land of over 40,000 square metres.
The 14-hectare real estate project located in District 7, Ho Chi Minh City now has a new owner after ten years of delay.
"Everyone loves high profit but for us, profit is not our top priority," Bui Quoc Hoan, Chairman of Thuan Phat Investment and Services Joint Stock Company, shared his opinion about the investment in Phoenix Legend in Ha Long.
In just three months, Novaland bought two projects and sold one real estate project and all three of these project were in commercial and residential fields and located in HoChiMinh City.
A 7,500 hectare project worth US$30-40 billion in southern Hanoi which was planned by Daewoo years ago is facing a "premature death".
Saigon One Tower is a real estate project with the scale of VND5,000 billion (roughly US$220 million), but this project has been suspended since 2011 in Ho Chi Minh City.
