Work starts on Lu Gia apartment, office project

Thursday, May 22, 2008
Lu Gia Mechanical Electric Joint-Stock Co commenced work on a 20-story apartment and office building in HCM City's District 11, which will cost 357 billion dong, or some US$22 million.

The Lu Gia Plaza at 70 Lu Gia Street will have 166 apartments covering 69157 square metres each, and more than 4,200 square metres of office space will be available for lease, said the developer, which is a venture between Lu Gia Mechanical Electric Joint-Stock Co holding a 75% stake and the HCM City Infrastructure Investment Joint Stock Co (CII).

The building will include a shopping mall, a restaurant, a games section and internet cafe, a beauty salon and fitness centre on the ground and first floors. Other amenities include gas supply, water heating, television, telephone and internet lines, as well as fire fighting systems.

The two companies will build some public facilities like an international standard kindergarten, sports facility and park, said the two companies.

It will be finished after three-years of construction, said the developer. This is the first luxury apartment building invested by Lu Gia Mechanical Electric Joint-Stock Co and it will be ready by late 2010.

The project site was formerly the premises of a factory of Lu Gia Mechanical Electric Joint-Stock Co The factory will be relocated to the southern province of Dong Nai, as Lu Gia early this month started work on a workshop at Nhon Trach 5 industrial park in the province with the investment capital of 55 billion dong.