Page 7 - VSIP News QII - 2013

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Local News
June 03, 2013, BINH DUONG - EcoXuan, the biggest ecological urban area
in Binh Duong's Thuan An town, handed over to buyers 100 per cent of the
town houses it built in the first phase.
Despite the difficulties in the property market, the handover was done a
month earlier than promised, said Leong Swee Chow, director of Setia Lai
Thieu Ltd, the main investor and a subsidiary of Malaysia's leading property
developer S P Setia.
But the company refused todisclose thenumber of units, pleading "business secret."
The three-phase project, to cost around US$177 million, will also contain
villas, luxury apartments, and serviced residences when completed in mid-
2014.- VNS
April 23, 2013, HCMC – Becamex
Tokyu Co. Ltd. last Friday launched
the sample apartment of Sora
Gardens, a component of the
US$1.2-billion urban project Tokyu
Binh Duong Garden City, and started
offering the first apartments of this
Some 400 Sora Gardens flats among a
total of 1,500 are now on sale through
the distributor CB Richard Ellis Vietnam,
said Hoshino Toshiyuki, general direc-
tor of Becamex Tokyu.
Each apartment covers 67-105 square
meters and has a price starting from
VND1.28 billion, with 30% to be paid
when contracts are signed and the
remaining sum to be settled when
apartments are handed over in the
third quarter of next year.
Tokyu Binh Duong Garden City is de-
veloped on around 110 hectares in
Binh Duong New City at a total cost of
VND25 trillion, or some US$1.2 billion.
When completed, the project will sup-
ply over 7,500 apartments, houses, rec-
reational facilities, and commercial and
office space.
Tokyu Corporation, the Japanese
investor in the joint venture Becamex
Tokyu, said that despite the problems
of the property market, Binh Duong
remained very potential. The property
market in Binh Duong has lured a lot of
investors from neighboring localities
and helped many realty firms grow up
through project distribution.
Binh Duong is better known when the
plan for Binh Duong New City was an-
nounced about three years ago. The
project covering around 1,000 hec-
tares is expected to become an eco-
nomic-political-social center of Binh
Developer Hands over Houses
Becamex Tokyu Binh Duong Launches First Condos of Sora
Garden Project
Duong, with utilities and services for
some 125,000 residents and 400,000
people coming for work.
Binh Duong is one of the few localities
with the fastest and the most synchro-
nous infrastructure development.Well-
developed infrastructure will create a
motivation for the property market.
Not only in the new city, multiple in-
frastructure projects connecting Binh
Duong with nearby localities are also
under construction, such as National
Highway 13, HCMC-Chon Thanh Ex-
pressway, Belt Road No. 3 and 4.
(Souce: theSaigontimes )
Visitors view a scale model of the apartment project Sora
Gardens in Binh Duong New City - Photo: Dinh Dung