Minh Viet Company has recently kicked off Tricon Tower, one of the first projects in Bac Anh Khanh urban areas. This is expected to be a complex of three 45-story towers designed as high-grade offices and apartments. The project has the total investment capital of $145mil.
Indochina Plaza Hanoi, a trade centre, office, apartment project has also been restarted after a period of interruption for many reasons. Though the real estate market remains quiet, the investors still successfully persuaded Vietcombank to give a loan worth $44mil to develop the project.
The funding of the project by a commercial bank showed that opportunities in the real estate market can be realised not only by real estate investors. Therefore, the fact that Vietcombank, which has never been thought of as a big lender in real estate, has agreed to fund the project, is really noteworthy.
