Tuesday, June 15, 2010

Korean firm launches first condo project in town

Korean developer GS late last week launched its first luxury condominium project named Xi Riverview Palace in Thao Dien Ward in HCMC’s District 2 in Vietnam after three years of construction.
Han Wook, chief of GS’s sales office, said that 180 apartments are available to homebuyers in the first sales phase, with prices starting from US$2,185 per square meter.

According to Han, the developer has invested some US$100 million to develop the condo project, which has three 27-storey building blocks with 270 apartments from 144 to 201 square meters each. The development boasts other facilities such as a swimming pool, tennis court, fitness center and indoor golf facility.

Korean developer GS has utilized condo-applied advanced technology with a home network system to include remote access controls for gas and lighting, and a master key system providing access control for all residents.

Marc Townsend, managing director of CB Richard Ellis Vietnam (CBRE), which has been appointed as the project’s sales manager, said that the residential market was recovering, boosting investors’ confidence.

The project is still under construction and is scheduled for completion by the end of next year.

Source: SaigonTimes

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