A ceremony to announce the P.H Complex Nha Trang social apartment project and sign a comprehensive partnership agreement between PH Nha Trang Company (the investor under P.H Group) and Vietcombank Khanh Hoa took place in Nha Trang City...
A ceremony to announce the P.H Complex Nha Trang social apartment project and sign a comprehensive partnership agreement between P.H Nha Trang Company (the investor under P.H Group) and Vietcombank Khanh Hoa took place in Nha Trang City on December 17. Present at the event were Le Thanh Quang, Central Party Committee Member, Khanh Hoa Provincial Party Committee Secretary; Do Duc Duy, Deputy Minister of Construction; and Dao Cong Thien, Vice-Chairman of Khanh Hoa Provincial People’s Committee.
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| Leaders of Vietcombank Khanh Hoa and P.H Complex Nha Trang Company sign a partnership agreement. |
At present, this is the highest social apartment building bordered by the streets Vo Thi Sau, To Hieu, Truong Son and Street No. 1 in Khanh Hoa Province, according to Tran Anh Tai, CEO of P.H Group, CEO of PH Nha Trang Company. The project is targeted at low-income earners in housing need, serving the need of social apartments at reasonable prices and meeting standards for commercial apartments with swimming pools, gyms, kindergartens, a hall, a restaurant and green space. The beautifully designed construction is expected to add environmentally-friendly attraction and living comfort to the city.
There are 11 social housing projects with 5,740 apartments at a total capital of VND3,854 billion in Khanh Hoa Province at present. Khanh Hoa Province provides favorable conditions for investment in social housing projects. The P.H Complex Nha Trang is expected to meet local housing needs. Local relevant departments and authorities are required to cooperate in providing favorable conditions for investors and contractors to develop the project on schedule, Dao Cong Thien said at the ceremony.
Deputy Minister Do Duc Duy affirmed the importance of social housing development to social security, helping the poor and low-income earners to improve their living standards. He also highly appreciated the development of the P.H Complex Nha Trang project. The Deputy Minister requested the investor to abide by lawful regulations on construction planning, investment, housing; fire fighting and prevention; environmental protection; apply advanced technology and environmentally friendly materials; and invest synchronously in accompanying service infrastructures to assure comfortable living conditions.
At the ceremony, leaders of Vietcombank Khanh Hoa and P.H Nha Trang Company signed a comprehensive partnership agreement. Accordingly, Vietcombank Khanh Hoa pledged to provide VND450 billion loans and VND200 billion guarantee. Vietcombank Khanh Hoa is the only bank to accompany the housing project with preferential service packages available. Apart from capital financing and project guarantee, Vietcombank Khanh Hoa pledges to guarantee financial funding progress for investors and refund buyers in case of the investor’ failure to meet the apartment hand-over schedule.
Through the project, Vietcombank hopes to join effort in improving housing for low-income earners and providing high quality banking services for customers. Vietcombank Khanh Hoa has confirmed its leading position in developing housing development policies targeted at low-income earners, contributing to social security, according to Luong Phan Sang, Director of Vietcombank Khanh Hoa.
P.H Complex Nha Trang housing apartment is located on an area of more than 9,470m2 with a total floor area of over 114,480m2. The project has 3 apartment buildings with 26 storeys and 1 basement, including 1,272 apartments (1,094 social apartments and 78 commercial apartments). The total investment is more than VND1,000 billion. The handover is expected to be in June 2019. Social apartments cost VND12 million/ m2; and commercial apartments VND17 million/m2, including VAT.
N.D
Translated by N.T
