Japan’s Tokyo Corporation has decided to invest US$1.2 billion in an urban development project in the southern province of Binh Duong.
The General Director of Becamex Tokyu, Toshiyuki Hoshino November 14 pledged support for the project in 15 years for the back of real estate recovery to keep pace with population growth and rapid progress of urbanization.
He said that the project will start on November 21 and the project to be completed by 2014. He added that he will invite other Japanese partners to get involved in developing the US$1.2 billion.
Covering on an area of 714,524 square metre, Tokyu Binh Duong Garden City will have a total of 7,500 apartments and houses, a trade centre and a large space for creation and entertainment.
Source : VOVNews