Aseana, a realty affiliate under Malaysia's IRKA, has planned to invest US$2 billion into seven realty, healthcare and services projects in Vietnam's Hanoi, Ho Chi Minh City and Danang City, Vietnam News Agency-run Vietnam & World Report said.
Lai Voon Hon, CEO of Aseana was quoted as saying that Aseana plans to start to build Queen's Place and a high-tech healthcare center at a total cost of US$650 million in Ho Chi Minh City next year.
Aseana will also contribute cash to Vietnam's Nam Long firm to start a real estate project on an area of 500 hectares, Lai said.
Via joint ventures, Aseana will develop four construction projects in HCMC and adjacent provinces as Aseana sees demand for housing is rising in Hanoi and Ho Chi Minh City.
Asean is waiting for approvals from Vietnam's provincial and municipal authorities.
Prices of high-class apartments in Ho Chi Minh City range US$1,500 to US$4,000 per square meter. (Vietnam & World Report)
Vietnamese
