Khang Dien joins forces with Coteccons and Khai Hoan Land

May 25, 2016 | 09:00

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Domestic developer Khang Dien is seeking to plant a firmer foothold in the real estate market by teaming up with Coteccons and Khai Hoan Land.

On Monday, Khang Dien inked cooperation agreements with Ho Chi Minh City-based construction company Coteccons to implement construction for its upcoming projects.

Meanwhile, the company signed an investment deal with Khai Hoan Land, which is currently one of Vietnam’s leading property consulting, brokerage, and investment firms in real estate.

Nguyen Dinh Bao, deputy director of Khang Dien, emphasised that the tie-up with a prestigious builder like Coteccons will help his firm accelerate the launch of new projects, while at the same time ensuring good quality. In the meantime, joining up hooking up with Khai Hoan Land could help expand Khang Dien’s distribution channels and diversify new product lines.

Accordingly, Coteccons will become the main contractor for 100 villas at the Lucasta project in the fast-growing District 9 of Ho Chi Minh City. Khai Hoan Land agreed to co-develop and roll out the villas to the market.

This year, Khang Dien has set the target of VND400 billion ($18 million) in consolidated net profits, which it hopes to attain through its products at Mega Village, Melosa Garden, The Venica, Lucasta, and Merito projects.

For the next two years, Khang Dien will continue to exploit its projects in the east of Ho Chi Minh City, as well as complete legal procedures for its projects in the west. The company currently owns a 500-hectareland plot, and has aims to acquire more cleared land in the city’s south-eastern districts.

By By Thanh Van

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