Hodeco commences two high-end apartment buildings in Vung Tau

Ba Ria-Vung Tau Housing Development Joint Stock

Co (Hodeco - coded HDC) has recently got approval from Ba Ria-Vung Tau province people's committee for investing in two projects of high-class apartment buildings in the centre of Vung Tau City.

The first project is Thi Sach Residential Quarter that has lately been handed over to Hodeco in September 2009 with total value of 62.9 billion dong. The 31-storey apartment building will be built on a site of 3,400 square metres on Thi Sach St, Thang Tam Ward, Vung Tau City.

The second one is Binh Gia Residential Quarter, including a 27-storey apartment building that will be constructed on a site of 3,560 square metres on Binh Gia St, Ward 8, Vung Tau City. This land plot was purchased via an auction in 2007 with the land value of 15.5 billion dong at that time.

At present, Hodeco is in the middle of preparing legal procedures and designing works for the two projects. It's expected that the construction works will start in Q1 of 2010.