The ground-breaking ceremony was held by the provincial People’s Committee and Becamex Tokyu Co. Ltd, a joint venture between Tokyu Group of Japan and Becamex IDC Corporation of Vietnam.
The project, covering nearly 1.4ha, is the sixth high-end apartment one of Becamex Tokyu. It will feature a 10-storey block with 300 apartments and become the first of its kind in Binh Duong to include a public onsen (hot spring) bathing area.
It is scheduled to be completed and handed over in autumn 2025.
Vice Chairman of the Binh Duong People’s Committee Nguyen Van Danh said that Binh Duong New City, as the political, economic, cultural, and financial centre of the province, have recorded considerable improvements in recent years.
He attributed such development partly to contributions by businesses, especially foreign invested ones, and expressed his hope that Midori Park the TEN will become a liveable place for residents in not only Binh Duong New City but also the province.
The official also called on Tokyu to continue sharing its over-100-year experience in urban development to help turn Binh Duong into a green, smart, and worth-living city.
With more than 350 projects worth over 5.9 billion USD, Japan is currently the second biggest foreign investor in the province, an industrial hub in the south of Vietnam.
The Tokyu Group has participated in many infrastructure development projects here, including Tokyu Binh Duong Garden City, an urban area built in coordination with Becamex in 2012.
