Mai Linh Investment Corporation has started the construction of a multipurpose project named Golden Palace at Me Tri in Tu Liem District, with a total investment of VND3,150 billion (US$157.5 million) on March 12.
The project will cover 16,333 square metres and will have three blocks of 30-storey buildings with about 1,000 luxury apartments of around 85 to 128 square meters as well as a section for office space and for commercial services. The project will have 20 luxury penthouses as well.
The project has a modern and contemporary design, inspired by the lotus flower. The design allows for more space, natural light and ventilation.
The project to be built by Keangnam Enterprises of Korea and is expected to be complete by the end of 2013.