Ssangyong
Engineering and Construction Co announced Sunday that it has won a US$57.8
million contract to build part of a condominium complex in Viet Nam.
Under the contract, issued by a subsidiary of
the Singaporean real estate developer Keppel Land, Ssangyong E&C will build
three of the 12 residential buildings in the Riviera Point Condominium complex
in Ho Chi Minh City in southern Viet Nam.
Ssangyong E&C said that the buildings,
which will house 549 individual properties, will be fitted with a number of
eco-friendly features to meet the standards for the BCA Green Mark issued by
Singapore’s Building and Construction Authority.
Eco-friendly features the company plans for
the project include rain water recycling system and carbon monoxide monitoring
system for the underground parking lots, the company said.
In addition to being the second project the
company is taking on in Viet Nam after an 11-year hiatus from the market,
Ssangyong E&C is hoping that the deal will lead to additional contracts.
“The deal places the company in an
advantageous position to win further contracts in the construction of the
Riviera residential complex,” a Ssangyong E&C official said.
In August Ssangyong E&C was signed on to
build a section of the Southern Coastal Corridor Project, which was the Korean
builder’s first project in the Southeast Asian country since 2000.
Choi He-suk
The Korea Herald
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