SonKim Land joins development team of Metropole Thu Thiem

June 08, 2018 | 12:33

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Leading real estate developer SonKim Land Corporation, Quoc Loc Phat JSC (Quoc Loc Phat), and Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have signed a strategic cooperation agreement and officially kicked off The Metropole Thu Thiem project in Thu Thiem New Urban Area (District 2, Ho Chi Minh City).

sonkim land joins development team of metropole thu thiem

SonKim Land becomes developer of $320.1 million project in Thu Thiem

This strategic cooperation agreement will contribute to maximising the strength of each party in implementing and developing the project.

Notably, the project owner Quoc Loc Phat has the financial strength as well as investment capital from foreign shareholders. The authorities have approved all legal procedures, land allocation, project investment and Quoc Loc Phat has fulfilled all financial obligations for the land lots in the project.

SonKim Land, with its experience in developing high-end real estate projects in Vietnam, is confident to successfully develop the project in accordance with the standards of a smart and high-class urban area.

The Metropole Thu Thiem project consists of four land plots with a combined area of 7.6 hectares. The design of the project is inspired by the quintessential designs of Barangaroo (Sydney) and East Circular Quay (Sydney), integrated to suit the Vietnamese context and culture.

Sales will be opened after finishing all necessary procedures.

SonKim Land is a successful and reputable real estate developer in Vietnam, focusing on high-class and luxury projects such as Gateway Thao Dien, Serenity Sky Villas, and The Nassim.

Seeking out strategic partnerships with global industry leaders like HongKong Land, Hamon Developments, and Bankinvest, SonKim Landaims to become a leading real estate investment and development company in Ho Chi Minh City.

By Kim Oanh

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