Japanese investors “pour money” into real estate projects in Binh Duong

On April 17, Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee, along with the Consul General of Japan in Ho Chi Minh City and relevant agencies witnessed the announcement of the approval of the investment and cooperation policy of Japanese investors in the One World urban area.

One World Urban Area project has a scale of nearly 50 hectares and a total investment capital of more than 1 billion USD.

The project is located right at the gateway to Thu Dau Mot city (surrounded by roads such as Binh Duong Boulevard (National Highway 13), Nguyen Thi Minh Khai and Ring Road 3 of Ho Chi Minh City).

The project is divided into 6 component projects, expected to build important facilities first including a conference - exhibition center, AEON shopping center, 5-star hotel, international inter-level school...

Real Estate - Japanese investors — Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee (4th from left) with representatives of the Consulate General of Japan in Ho Chi Minh City.

During the investment policy handover ceremony, the project investor Kim Oanh Group signed a cooperation agreement to invest in the One World Urban Area real estate project with 3 Japanese partners, including: Sumitomo Forestry Group, Kumagai Gumi Group, and NTT Urban Development Company.

Accordingly, 3 investors from Japan will participate in investing in One World Urban Area with a total of 49% of shares. The remaining 51% belongs to Kim Oanh Group.

Mr. Vo Van Minh, Chairman of Binh Duong Provincial People's Committee shared: "The Provincial People's Committee has decided to approve the investment policy and approve the project investor. He believes that the project will ensure progress and quality, contributing to changing the appearance and urban landscape of Thuan An city and the southern urban area of Binh Duong province."

Also in the above area, in 2023, Binh Duong Provincial People's Committee issued Decision No. 2047/QD-UBND and 2049/QD-UBND issued on August 11, 2023 of Binh Duong Provincial People's Committee approving the investment policy for the construction of high-rise apartments combined with commercial services for the Thuan An 1 and 2 High-rise Complex Housing Project.

Accordingly, the area of the Thuan An 1 High-rise Complex Housing Project is about 18,146.7 m2, population size is about 3,811 people, maximum height is 39 floors + TUM (3-4 basements), number of about 3,133 apartments.

Thuan An 2 high-rise complex housing area of 26,530.7 m2, population size of about 3,985 people, maximum height of 39 floors + TUM (3-4 basements), about 3,500 apartments and 17 townhouses with maximum 5 floors.

Binh Duong Provincial People's Committee also approved the investor of Thuan An 1 project as Thien Long Real Estate Investment and Development Joint Stock Company, and the investor of Thuan An 2 project as Hoa Phu High-rise Building Investment and Development Real Estate Joint Stock Company.

A series of projects have been approved for investment and development of housing and apartment projects. The above area will supply the market with many products, meeting the increasing demand for housing in Binh Duong province.

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