Ho Nhan and his wife mortgage a series of luxury apartments in Metropole Thu Thiem worth nearly VND 200 billion to borrow from a bank

Mar 22, 2022 13:58 GMT+7

According to information from the National Register of Secured Transactions, Mr. and Mrs. Ho Nhan – Mrs. Nguyen Thi Hong Van mortgaged 5 luxury apartments to borrow money from Joint Stock Commercial Bank for Foreign Trade of Vietnam – Gia Lai Branch. Fixed, the time to register for guaranteed transactions is July 12, 2021.

Those are apartments at The Galleria Residence Building, Lot 116, Functional Area No. 1, An Khanh Ward, District 2 (now Thu Duc City), Ho Chi Minh City belonging to the multi-functional apartment complex project. high-class function with the trade name is The Metropole Thu Thiem.

It is known that Metropole Thu Thiem is one of the luxury real estate projects in Ho Chi Minh City. On the websites for sale, Metropole Thu Thiem is introduced as the new capital of the city, located in a prime location in District 2 adjacent to the center.

Mr. Nhan – Mrs. Van’s mortgaged apartments include digital apartments with construction floor area from 153.6 m2 to 379.98 m2, price of 1 m2 floor ranges from 109 million VND/m2 to 209 million VND/ m2. The total value of mortgaged apartments is 193.8 billion VND. The project investor is Quoc Loc Phat Joint Stock Company.

However, it is known that the Metropole Thu Thiem project is also indirectly owned by Son Kim Land – a company owned by Mr. Nhan’s wife’s family. The reason is that Son Kim Land and related company – Phuc Dat Real Estate JSC owns the majority of shares in Gateway Berkeley Co., Ltd. Meanwhile, Gateway Berkeley currently indirectly owns a large number of shares in Quoc Loc Phat – the investor of the Song Viet Complex project (Metropole Thu Thiem) through TTSV Investment Co., Ltd.

Why is “Old Buddha” Son Kim the first person to speak out in the scandal related to his son-in-law and not someone else?

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