Tokyu Corporation invests in real estate in the suburds of Ho Chi Minh City

29 Feb
VNRE Tokyu Corporation – Japan, on February 27, signed a contract to become strategy partner with Becamex IDC Corporation. The joint venture company – Becamex Tokyu Co, Ltd. will develop an urban development named Tokyu Binh Duong Garden City in Binh Duong New City with total investment capital about of $1,2 billion.

Tokyu Binh Duong Garden City has total land area of 71,45 hectares, consisting of approximately 7,500 housing units, commercial facilities, business facilities and amusement parks.

As planned, the Tokyu Binh Duong Garden City project will be broken ground on March 2, 2012.

Tokyu Corporation

The Tokyu Corporation, also known in Japanese as Tōkyū Dentetsu for short, is a major private railway operator in the Greater Tokyo Area of Japan. Its headquarters are in Shibuya, Tokyo.

It was formed on September 2, 1922 as the Meguro-Kamata Electric Railway and was later known as the Tokyo-Yokohama Electric Railway before gaining its current name in 1943. From 1944 to 1948, it also owned the companies now known as the Keihin Electric Express Railway, Keio Corporation, and Odakyu Electric Railway. During this time, it was colloquially known as Dai-Tokyu (lit. Great Tokyu).

Becamex IDC Corporation

Investment and Industrial Development Corporation ( Becamex IDC) was established in 1976, over 35 years of construction and development, Becamex IDC has now become a prestigious brand name in the field of investment and development of industrial, residential, urban and transportation infrastructure.

Currently, Becamex IDC has 28 subsidiaries and joint efforts covering areas of securities, finance, insurance, banking, construction, trading, real estate, services, telecommunication – information technology , concrete production, construction materials, mining, pharmaceuticals, healthcare and education with charter capital of approximately 5.500 bil VND

Binh Duong New City

According to a future-oriented planning, Binh duong will be upgraded to become one of the centrally-controlled municipalities in Vietnam by 2020. Therefore, to ensure development in accordance with the approved master plan, a new urban area of 1,000 ha in the complex is built to become a modern, civilized center district of Binh Duong in the future.

This locality has been chosen to be a political and administrative center of Binh Duong by Provincial Party Committee, People’s Committees and People’s Council with a high level of consensus. In order to complete the detailed planning of 1/500 scale with respect to modern style for this new urban area,Becamex IDC has invited the Institute of design and architect consulting from National University of Singapore (NUS) to implement this plan.

The new urban will become political – economic, cultural, social center of the entire province. The modern and urban center will be ready to serve more than 125,000 inhabitants and over 400,000 people working here. Complying with the approved planning, Becamex IDC has built modern infrastructure and public transportation system to easily connect with other nearby provinces and cities. In addition, Becamex IDC has organized a number of marketing activities to call for investment in the new urban area from experienced and prestigious domestic and foreign investors with a potential financial capacity.

Besides the administrative center is being constructed, some items such as Lucky Square conference center, ecology lakes, central park 120 hectares completed, and the Eastern International University scale 24,000 students began the first course.

In addition, the projects of town house, apartment, villa were built and some of them officially welcomed the first residents of the new city to live.

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