Mitsubishi Invest in Hcmc Residential

• 15 January 2018
• Construction Focus
• 1136 Views

Mitsubishi Corporation (MC) recently announced that it had reached an agreement on its participation in a residential development project underway in Ho Chi Minh City (HCMC), Vietnam.

The project is being developed by Phuc Khang Investment and Construction Corporation (PK), a real estate developer in Vietnam. MC is already engaged the real estate development business in two cities in Vietnam – Binh Duong in the suburbs of HCMC and Hanoi, but this project will be its first in central HCMC, the country’s largest real estate market.

According to a Mitsubishi press release, the project is located just 4km southwest of the centre of HCMC and is being developed by PK. The complex boasts distinctive features, including all units having the highly popular river view as well as high-performance functions that are quite advanced in Vietnam such as energy-efficient and water-saving technology, greening and insulation, among others. The project is mainly targeting HCMC’s rapidly growing middle class.