Malaysian Minister of Domestic Trade, Co-operatives and Consumerism Ismail Sabri bin Yaakob is in HCMC for a visit aimed at stepping up work on two real estate projects worth US$800 million.
The minister on Tuesday led a business mission to the City Hall to meet with the city’s chairman, Le Hoang Quan, over the two projects in Binh Chanh District.
HCMC chairman Le Hoang Quan meets with Minister of Domestic Trade, Co-operatives and Consumerism Ismail Sabri bin Yaakob (2nd, R) and Malaysian investors during the meeting on Wednesday - Photo: Kinh Luan
One of the two projects is a US$600-million building complex at a 9-hectare site near the crossroads of Nguyen Van Linh-National Highway 50. Licensed in December 2008, this complex includes not only urban and entertainment areas but also a supermall to mainly sell Malaysian-made products. However, the site is not yet ready because land clearance is still in progress.
Platinium Plaza is the second project that was approved in January 2010 as a joint venture between WCT Berhad, one of Malaysia’s largest construction and property development companies, and the local real estate company Dat Phuong Nam.
With a 4-story retail mall and four 33-story buildings comprising two office towers, one hotel and one soho (small office/home office), this US$200-million project will be built in front of the first project’s location.
However, like the first project, the site is not ready now because more than 400 families have not moved.
By Kinh Luan
| HCMC chairman Le Hoang Quan meets with Minister of Domestic Trade, Co-operatives and Consumerism Ismail Sabri bin Yaakob (2nd, R) and Malaysian investors during the meeting on Wednesday – Photo: Kinh Luan |
(Theo website Lê Hoàng Quân)
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