Japanese group invests in real estate in Ho Chi Minh City
Japan’s Creed Group, a real estate firm specialising in principal investment and property development, signed a 200 million USD contract on July 26 with An Gia Investment and officially becoming a player in Ho Chi Minh City’s property market.
Japan’s Creed Group, a real estate firm specialising in principalinvestment and property development, signed a 200 million USD contracton July 26 with An Gia Investment and officially becoming a player in HoChi Minh City’s property market.
Under thecontract, the Creed Group will purchase shares of An Gia and in thecompany’s housing projects with the aim to provide “Japan quality”houses within the city.
An Gia Investment CEONguyen Ba Sang said the contract will offer the company a strongfinancial source to implement real estate projects.
An Gia plans to build 2,000 superior apartments each year towardshaving 10,000 units by 2020 with a total investment of 1 billion USD.
The company is currently implementing fourprojects worth nearly 3 trillion VND (137.4 million USD) and negotiatingthe purchase of 10 land lots at the centre of the city.
Founder and Managing Director of Creed Group Toshihiko Muneyoshi saidthis is just the first step in the bilateral cooperation.
If the Vietnamese property market grows well, the Creed Group willpump additional hundreds of millions of USD into An Gia, he stated.-VNA
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