Khang Dien JSC’s six real estate projects are the latest names on the Ministry of Construction’s list of places to investigate.
|Mega Residence is one of Khang Dien JSC's six projects under the MoC's investigation in 2018 |
Khang Dien JSC’s six real estate projects under investigation include Khang Dien-Phuoc Long B residential area, Mega Residence residential area, Melosa Garden residential area, Thanh Phu Ltd. high-rise residential area, Topia Garden apartment building, and Mega Ruby housing area.
The 10.4-hectare Khang Dien-Phuoc Long (located on Duong Dinh Hoi street, Ho Chi Minh City’s District 9) includes 247 villas and apartments. Currently, the residential area’s land lots are sold out.
|In 2018 the Ministry of Construction (MoC) will investigate the construction and business activities of many real estate projects invested by giant groups, including BIM Group, Bitexco, Geleximco, C.E.O Group, and the latest addition, Khang Dien JSC. |
The Mega Residence residential area is located in the intersection of Ho Chi Minh City-Long Thanh-Dau Giay Expressway and Ring Road 2. The 3.2ha project includes 160 houses with an area of 160sq.m and many facilities, such as swimming pools, parks, cafés, and minimarts. According to the investor, all houses in the projects’ have been sold.
The 17.3ha Melosa Garden residential area with 500 villas and houses is located in Ho Chi Minh City’s District 9. Khang Dien JSC has co-operated with ViettinBank to offer preferential finance packages to support house buyers. Currently, the project’s villas and houses are coming onto the market.
The 4.4ha Thanh Phuc Ltd. high-rise residential area developed by Thanh Phuc Ltd. and Khang Dien JSC includes 150 villas and houses in District 9.
The 60,194sq.m Topia Garden residential area worth VND22.5 billion with 225 villas and houses in District 9 has recently been completed and is being offered on the market.
The 5ha Mega Ruby residential area with 279 houses in District 9 has already been completed and launched.
Besides, C.E.O Group’s VND10-trillion Sonasea Villas & Resorts project also got on MoC’s radar. The 132ha project received its investment certificate in 2012 and is being constructed.
Accordingly, the project consists of three construction phases from 2012 to 2019, with the first phase constructing 40 per cent of the project’s infrastructure and one beachfront resort, the second phase constructing 60 per cent of the project’s infrastructure and three beachfront resorts, and the third phase constructing the remaining parts of the project.
Previously, MoC’s investigation in 2017 also pointed out violations by Tan Hoang Minh Group, the investor of several apartment building projects in Hanoi, including D’. Le Pont D’Or Hoang Cau, D’. Palais De Louis, and D'. Le Roi Soleil Quang An.