Work On $60.5m King Crown Village Project
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| Ground is broken for King Crown Village in Thảo Điền Ward in HCM City’s District 2 on January 16. — VNS Photo Xuân Hương |
HCM CITY — Construction of King Crown Village, a high-end property project, began on Wednesday in HCM City’s District 2.
The 9,125sq.m development, to cost VNĐ1.4 trillion (US$60.5 million), will be done in two phases, with 17 villas built in the first and a 25-storey building with service apartments, offices and a five-star hotel in the second.
It is designed by international architecture and design firm Zone Architect in contemporary French style and built by An Phong Construction JSC.
Situated on Nguyễn Văn Hưởng Street, it is the last riverfront villa project in Thảo Điền Ward, which has attracted some of the city’s wealthiest.
Nguyễn Hồ Nam, Bamboo Capital Group (BCG) chairman, said: “King Crown Village is a solution to the situation that demand has exceeded supply in the high-end property segment. According to experts, this segment will continue to grow for the next three to five years.”
The project is invested by Sao Sáng Sài Gòn Corporation, a subsidiary of BCG. — VNS
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