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HDC: Contract of land transference
Ba Ria – Vung Tau House Development Joint Stock Company (HDC) has informed of the contract of transferring land ownership in the Phu My new urban area as follows:
* The company has signed the contract of transferring land of 5,000 m2 to the Thep Viet Joint Stock Company.
+ The land has been used to build the high storey apartment block in the Phu My new urban area in Tan Thanh Dist., Ba Ria – Vung Tau Province.
+ Total transference value: VND18 billion
* Total area of the project: 21 hectares in the center of Phu My Commune, Tan Thanh Dist., Ba Ria – Vung Tau Province.
* The first stage has been basically completed with total investment cost of VND100 billion
* Previously, the company had handed the land of 12,000 m2 over to the POSCO – Vietnam Company to build the apartment block to employees. Total transference value is more than VND44 billion.
* In the next time, the company will continue to sell villas and houses to customers.
At present, the housing market in Ba Ria – Vung Tau Province is rebounding in comparison with that at the end of 2007. Therefore, trading real estate in this year would bring high profit to the company.
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