Savico Joint Stock Company and New City Property on December 19 inked an agreement to join hands in investing and exploiting the high-level building complex Savico Plaza project at 104 Pho Quang, Tan Binh district, Ho Chi Minh City.

The complex will be constructed on an area of more than 9,000m2 to include a trade centre, an area of office for rent, luxury hotels and European-standard apartments.

Accordingly, the two companies agreed on a capital sharing of up to US $30 million to carry out the project of which 49.5% will be contributed by New City Properties.

In addition, New City Properties also pledged to support Savico in developing its retail sales.

Source: NLD

Translated by Hoang Anh