KUALA LUMPUR: UOA Development Bhd is to collaborate with Vietnam-based CONSTRUCTION [] firm Hoa Binh Construction and Real Estate Corporation to develop its proposed Sri Petaling residential project with a gross development value of RM400 million.
This follows the two parties signing a memorandum of understanding to collaborate and exchange construction knowledge and expertise in addition to explore construction projects in Malaysia, Vietnam and in the region.
In a statement Friday, Sept 30, UOA Development said the Sri Petaling project comprises of two blocks condominium of 670 units ranging from 1,200 sq ft per unit onwards, built on 4.86 acres of freehold land.
The project is scheduled to commence in the fourth quarter of 2011 and expected to be completed near the end of 2013, it said.
The company said the MoU was signed on Sept 29 by UOA managing director Kong Chong Soon and Hoa Binh chairman and CEO Le Viet Hai.
It said Hoa Binh, a construction company founded in 1987, had various projects including Capitaland in Singapore, Kajima in Japan, and Bouygues Construction in France
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