HDC: Project of Phu My Urban Area

Ba Ria – Vung Tau House Development Joint Stock Company (HODECO) has informed of the project of the Phu My new urban area as follows:

* Total area of the project: 21 hectares at Phu My Commune, Tan Thanh Dist., Ba Ria – Vung Tau Province.

* The company has completed the first stage of the project costing VND100 billion.

* It has prepared for building the complex of the apartment block and supermarket with 18 stories. Total investment cost is VND220 billion.

* It has dealt with POSCO – Vietnam (100% foreign-owned company) to transfer building of the apartment block of employees with area of 12,411 m2. Total compensation value for POSCO is over VND44 billion (done 95% of transference).

* It has also prepared to complete procedures to sell villas and apartments to customers.

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