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Construction of King Crown Village underway

Released at: 10:40, 17/01/2019

Construction of King Crown Village underway

Photo: Hong Nhung (VET)

Completion of first phase of high-end real estate project in HCMC's District 2 expected by Q3 2020.

by Khanh Chi

Real estate developer the BCG Land JSC, a subsidiary of the Bamboo Capital Group (BCG), kicked off construction of its high-end riverfront villa project King Crown Village on January 16, with a breaking ground ceremony held at the site in the Thao Dien area of Ho Chi Minh City’s District 2.

With total investment of around $60.3 million, King Crown Village, which also happens to be the last riverfront villa project in the Thao Dien area, has been highly evaluated for its investment security and effectiveness due to the project’s location and construction and operation standards.

The total land area is 9,125 sq m and is comprised of two phases, in which 17 luxurious villas will be built in Phase 1, followed by a modern 25-story building in Phase 2. BCG will participate as project developer while the project owner is the Sao Sang Saigon JSC, which is also a subsidiary of BCG.

“King Crown Village has been designed and developed with a heavy focus on residents,” said Mr. Nguyen Ho Nam, Chairman of BCG. “We want to provide a perfect and civilized urban environment where individuals are encouraged to connect with each other and to the community as a whole for success and prosperity.”

With strict commitments to comply with international construction and development standards, BCG has cooperated with prestigious partners in Vietnam in project execution. Inspired by modern French architecture, King Crown Village was designed by Zone Architect International and will be built by the An Phong Construction JSC. In financing, leading banks in Vietnam such as Vietcombank and Nam A Bank have been actively involved and assured capital expenditure for the entire project.

Not only a French architectural masterpiece with an upscale living environment, King Crown Village is also an attractive investment channel with potential over time. Each villa will carry a one-of-a-kind design and elements extracted from four distinctive cities: Lyon, Marseille, Bordeaux, and Monaco. Villa owners can also access amenities at King Crown Thao Dien, right across the street.

BCG is now operating in four main sectors: manufacturing - trade, infrastructure and real estate development, renewable energy, and construction. In December it debuted Malibu Hoi An, its five-star residential and villa project in central Quang Nam province, and in October signed a power purchase agreement with the Electricity Power Trading Company (EPTC), a subsidiary of Electricity of Vietnam (EVN), for its 40 MW solar farm project in the Mekong Delta’s Long An province.

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