(VNF) – Times Square Danang project is invested by Kim Long Nam Joint Stock Company with a total investment of 2,500 billion VND. The project has nearly completed 2 towers and is also under construction of some other items.
According to VietnamFnance’s research, the Times Square Danang project is invested by Kim Long Nam Joint Stock Company. Tan Ky Construction and Real Estate Trading Joint Stock Company is the construction unit of CT3 and CT7 buildings, Coteccons Construction Joint Stock Company is the construction unit of CT1 and CT2 buildings.
Kim Long Nam Joint Stock Company was established on April 3, 2015, with its head office located at 2nd floor, Da Nang Plaza, 16 Tran Phu, Hai Chau district, Da Nang city. The enterprise is chaired by Mr. Truong Dinh Trung and is the legal representative.
As of December 31, 2019, Kim Long Nam operated with a charter capital of VND 658 billion.
The project has a total construction investment of nearly 2,500 billion VND. Phase 1, the project deploys two towers CT3 and CT7. Building CT3 started on May 15, 2017 and topped off on May 28, 2019, building CT7 started construction on July 17, 2017 and topped off on July 4, 2019.
On May 9, 2018, investor Kim Long Nam and contractor Coteccons started construction of two buildings CT1 and CT2.
On May 14, 2020, the People’s Committee of Da Nang City issued Official Letter No. 3119/UBND-SXD to agree on the policy of adjusting the planning of Times Square Danang project in the direction of converting two CT1-hotel apartment buildings- CT2 (50 storeys high) and CT3-CT7 (30 storeys high) are built on land in the apartment wall.
On December 4, 2020, Times Square Da Nang was approved by the People’s Committee of Da Nang City to adjust the detailed planning at the scale of 1/500 in Decision No. 4680/QD-UBND.
By March 4, 2021, the City People’s Committee. Da Nang has approved the environmental impact assessment report for two buildings CT1 and CT2 at Decision No. 716/QD-UBND, courts CT3 and CT7 at Decision No. 715/QD-UBND.
Times Square Danang project has a campus of 2.1ha, construction density of 42%, of which construction area accounts for 1.58ha.
Construction scale includes 14 towers (from CT1 – CT7, B1 – B7) with main functions: hotels, tourist apartments, condotel apartments with 40 – 50 floors high, with a distribution density of 14 apartments/ floor.
Phase 1 of the project, deploying two apartment buildings CT3 and CT4; Phase 2 deploys two buildings CT3 and CT7.
CT3 and CT7 buildings provide 591 units to the market, including 576 apartments, 15 apartments with commercial combination.
CT1 and CT2 buildings were built on an area of nearly 5,300 m2 with a total floor area of 112,651 m2.
The project consists of 2 basements and a 50-storey tower block, with a scale of 1,254 apartments (including 1,250 apartments, 8 apartments in commercial combination) with an area of 45.42 – 179.95m2, designed 1 to 3 bedrooms.
The utility system at Times Square Danang project is distributed on the 1st – 2nd floor, which is a shopping area for tourists and children’s play area, and on the 3rd floor is a system of Asian & European restaurants; 4th floor is conference room; The 5th floor is a system of overflowing swimming pools of 1,500m2. In addition, the apartment complex also integrates other facilities such as ballroom, gym, massage & spa area, bar & cafe…
It is known that at present, Kim Long Nam Joint Stock Company has a number of projects with a “golden land” location in Ho Chi Minh City. Danang. However, these projects have not yet been built and abandoned by this enterprise. Instead, this investor is focusing on the Times Square Danang project.
