The Nhon Trach New City (NTNC) township project was scheduled for completion in stages from 2015 to 2030. “The estimated investment cost is US$400mil (RM1.4bil),” BLand said.
The NTNC would be developed and managed by Berjaya NTNC Ltd, a newly incorporated company of BLand’s wholly owned subsidiary Berjaya Leisure (Cayman) Ltd (BL Cayman).
BL Cayman had received the investment certificate from the Vietnamese licensing authority for the NTNC project. The NTNC project is located on 600ha in the heart of Nhon Trach City and is about 30km from Ho Chi Minh City.
The planned integrated township would comprise of administration, healthcare, educational, cultural and art centres, mixed residential and commercial projects.
The gross development value was estimated at US$6.3bil, while the cost was projected at US$4.9bil (RM17bil).
By The Star
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