Hankyu Real Estate Co., Ltd. (Osaka) and Nishi-Nippon Railway Co., Ltd. (Fukuoka) are to invest in a large-scale development along with Namron Investment (a major Vietnamese residential developers). The name of the project is Mizuki Park and the total cost is expected to come in at 42 billion yen. The development is taking place in a suburb south of Ho Chi Minh City. The site will include apartments (approx. 4,670), detached houses (approx.100 houses), townhouses (approx. 60 houses), as well as educational, medical and commercial facilities. Scheduled for completion in 2019, an average apartment is due to go on the market for around 8 million yen, while townhouses will cost in the region of 33 million yen.
Source: Nikkei 4/17/2017
