$100 million Smart City kicks off in April

April 26, 2016 | 14:05

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National Housing Organization (N.H.O JSC.) and its partner Thien But Real Estate Company will start a VND2,200 billion ($100 million) project called Smart City An Giang on April 27.

Located in Long Xuyen city, Smart City will supply accommodation for around 12,000 people when finished in 2018.

Smart City An Giang occupies an ideal venue since it is located at the backbone transport system of the Mekong River Delta, neighboured by the major roads of Thoai Ngoc Hau, Trieu Quang Phuc, and Dien Bien Phu.

The project consists of different types of residential estates, such as semi-detached houses, high-rise building apartments, and villas, offering close-at-hand facilities, such as schools, hospitals, parks, shop houses, and a trading centre. More than 40 per cent of the total land area was reserved for green and public space, as well as a convenient infrastructure system.

According to Tran Thi Diu Hoa, general director of N.H.O, Smart City An Giang is one of the company’s major projects in 2016.

“This project will not only create more accommodation, but increase the living standard of local residents of the Mekong River Delta, as well as attract more investors to develop other projects the area,” Hoa said.

N.H.O is a joint venture between TAG Investment Joint Stock Company and NIBC Investment Limited. With a range of brands, like First Home, First Home Premium, First Residence, Nobilis, and Smart City, N.H.O expects to build around 25,000 units of accommodation in Vietnam.

By By Bich Ngoc

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