Malaysian firm ParkCity studies Danang real estate opportunities
ParkCity Property Holdings is exploring investment opportunities in real estate and infrastructure development in the central city of Danang.
Executive chairman Datuk Seri Yaw Chee Siew told the coastal city’s leaders last week that the group was surveying locations in the city and saw development potential.
“We are exploring opportunities in properties and infrastructure development. We hope to receive support from municipal authorities to facilitate investments because we have experience in developing synchronous urban areas,” he said.
Danang Mayor Le Trung Chinh pledged to create best conditions for ParkCity Property Holdings. "Though their number was modest, 14 Malaysian firms have invested and made positive contributions to the city’s economic growth," he added.
An illustration of ParkCity Hanoi urban complex. Photo courtesy of the company.
ParkCity has a diverse investment portfolio covering real estate, commerce, education, forestry, infrastructure, clean water factories, wastewater treatment, automobile distribution and other areas.
In Vietnam, it has invested in the 77-hectare urban complex ParkCity Hanoi in the capital city's Ha Dong district with 7,000 apartments and villas.
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