Green pastures for Garden City

Malaysian-backed Hanoi Garden City last week announced it had sold 90 per cent of the Canal Park residences after more than a year of sales.

The company last week carried out a topping-out ceremony for the Long Bien district project and a ground-breaking ceremony for Garden Villas, two first components of the Hanoi Garden City.

The 32 hectare Hanoi Garden City is a mixed-use development with condominiums and serviced apartments, as well as retail and office space.

Canal Park comprises  two,  11-storey residential towers and a basement with 148 units ranging from 86 to 227 square metres. Units will be handed over to customers by the end of this year.

Meanwhile, the developer is also selling villas in the Garden Villas, another part of the Hanoi Garden  City,  comprising  about  100 terraces. The villas range from 144-277sqm. They are expected to be handed over by

mid 2013.

Developer Berjaya Land Berhad is a company listed on the Malaysian Stock Exchange and  has developed many big projects in Vietnam since 2006.

Aside from the Hanoi Garden City project, Berjaya Land Berhad is also investing in the $3.5 billion international university township project in Ho Chi Minh City’s Hoc Mon district.

Another project is the $930 million Vietnam Financial Centre, also located in Ho Chi Minh City, which is due to start construction in the next few months. It is also investing in projects like Bien Hoa City Square, Berjaya Nhon Trach New City Centre in Dong Nai province and Long Beach Resorts in Phu Quoc Island.

Berjaya Land Berhad is also the owner of the Intercontinental Hotel Hanoi Westlake and the Sheraton Hotel Hanoi.

To date, total registered investment capital of the corporation’s projects in Vietnam has amounted to some $7.1  billion.