DIC Corp releases real estate projects for 2011-2012 period

In the working session with SAM Investment Fund and Markus Winkler, representative of group of Swiss investors, Hoang Van Tang, project manager at DIC Corp has introduced some projects that the corporation has been carrying out with expectation of bringing in revenue for DIC in 2011-2012 period.
In details, as for Chi Linh urban area project, Vung Tau City, the company has finished the infrastructure facilities and put into operation one high-rise apartment blocks with 18 storeys and 268 apartments, two blocks of high-class apartments of 800 apartments (Seaview residential quarter) and four 17-storey apartment blocks in Lakesides residential quarter with 756 apartments.

The corporation has completed construction works on other social infrastructure facilities such as primary school, secondary school, kindergarten, market, lake, golf course, tennis court, supermarket and green parks.

For Dai Phuoc eco-tourism urban area project: the project was sited in an area of 464 hectares in Nhon Trach Dist, Dong Nai province. DIC Corp has finished 100 percent of compensation works for ground clearance purposes. At present, the company has made direct investment to conduct construction works in an area of 100 hectares. As for the rest area, DIC has set up joint venture with Vinacapital and some foreign investors.

The company expected to transfer the land plots for villas in the project in 2012.

Long Tan Tourism Complex was sited in an area of 328 hectares in two communes of Long Tan and Phu Thanh, Nhon Trach Dist, Dong Nai province. The corporation has finished compensation works for ground clearance for 40 hectares. At present, DIC Corp. has signed memorandum of understanding (MOU) with Dubai Pearl Holding for setting up cooperation relationship in realising the project.

South Vinh Yen new urban area project was sited in an area of 446.92 hectares in Vinh Phuc Province. In the first phase of the project, the investor would carry out construction works in an area of 194 hectares. In April, the corporation has signed the cooperation contract worth 756.3 billion dong for conducting this project.

For other ongoing projects such as An Son Hill Villa Complex in Ward 4, Da Lat City, Thuy Tien high-rise building in Vung Tau City, Phu My new urban area in Tan Thanh Dist, Ba Ria-Vung Tau province and Hiep Phuoc residential quarter in Nhon Trach Dist, Dong Nai province, DIC Corp expected to report revenue in 2012. – Vietbiz24

Tags: Vietnam Property market, Vietnam property sector, vietnam real estate market

Posted by VBN on Dec 30 2011. Filed under Real Estate. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry