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Ho Chi Minh City Approves Investment In Five Big Projects

The project at a 30ha land plot in Truong Tho Ward, Thu Duc District, housing in Phu Huu Ward, District 9, residential and cultural entertainment area of 30.1 ha in An Phu Ward in District 2 and two The project in the form of public-private partnerships will be developed.

The HCM City People’s Committee has approved the R & D Joint Development and Investment Joint Stock Company with its research partners to propose the project at a 30ha site in Truong Tho Ward, Thu Duc District.

A project at 30ha land in Truong Tho ward by the joint venture company Truong Tho Real Estate Development and Investment Company R.C Company as the investor. In particular, Truong Tho Real Estate Company accounted for 51% while R.C Company contributed 49% of charter capital.

Truong Tho Real Estate Development and Investment Joint Stock Company has the capital contribution of 2 units directly under the Vietnam Cement Industry Corporation namely Ha Tien 1 Cement Joint Stock Company with the ratio of 45.9% Ha Tien Transportation Joint Stock Company contributes 5%.

Ho Chi Minh City approves investment in five big projects
The house in Phu Huu Ward is 15ha wide

This 30 ha urban area will consist of 106,614sqm of land, which is currently Thu Duc milling station, Ha Tien 1 Cement Joint Stock Company and an 8.270sqm land area which is the office and workshop of Ha Tien Transport Joint Stock Company. Both are located along the Hanoi Highway.

Previously, the Ministry of Construction has allowed Ha Tien 1 Cement Joint Stock Company and Ha Tien Transportation Joint Stock Company to enter into joint ventures with partners to study and prepare for investment in complex housing complex Commercial in the two land areas mentioned above.

Ho Chi Minh City People’s Committee also approved Khang Viet Real Estate Investment Joint Stock Company as the investor of Phu Huu Ward 9 project. This project has three sides. In the South, it borders Ho Chi Minh City-Long Thanh – Dau Giay expressway. The size of the house is 15ha. Land use coefficient is 1.52.

The 21st Century International Development Joint Stock Company is also assigned by the People’s Committee of Ho Chi Minh City as the inventor of the 30.1 hectares residential and cultural tourism area project under Nam Rach Chiec residential area project. 90.3ha in An Phu Ward, District 2.

In total, the total area of housing group is 116,000 sqm. The estimated population of 3,840 people. The land use criteria for the whole area is 78sqm / person, the residential land use norm is 30 sqm/person. The maximum floor height of 5 floors excluding the basement with a maximum height of 20m compared to the complete pavement.

This land is adjacent to the Ho Chi Minh City-Long Thanh – Dau Day expressway and Do Xuan Hop. West residential area and resettlement Nam Rach Chiec. To the south, it borders Giong Ong To River and the Ho Chi Minh City-Long Thanh – Dau Giay Expressway to the north.

Ho Chi Minh City approves investment in five big projects
Ho Chi Minh City People’s Committee also approved Khang Viet Real Estate Investment Joint Stock Company as the investor of Phu Huu Ward 9 Residential Project.

Duration of project implementation is about 5 years from the time of investment approval. The project investment is aimed at building technical infrastructure, housing construction, commercial services, entertainment, health, connecting with the surrounding infrastructure and creating more housing funds.

Nam Rach Chiec urban area in An Phu ward, district 2 has an area of about 90.3ha is a multi-purpose residential area with about 7,450 apartments in many buildings from 25 to 30 floors with a population of 39,300.

In order to be assigned a residential and cultural tourism and entertainment project with an area of 30.1ha in Nam Rach Rach Khot Urban Area, 21st Century International Development Joint Stock Company must build a resettlement area with land bank Applicable in Binh Khanh Ward, District 2.

>>>See more information about the real estate market here: Vietnam real estate market

In addition, the People’s Committee of Ho Chi Minh City also accepted the proposal of the Department of Culture and Sports on the policy of investment to build new cultural center in Ho Chi Minh City in the form of public-private partnerships and entrusted to Electrical Service Corporation Vietnamese participants in the study formulate investment proposals for the project.

Licogi 16 Joint Stock Company was assigned to study the proposal for component 3, to build a rainwater drainage system and to prevent the tide from Tham Luong bridge to Cho Dem river in the form of public-private partnership.

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Ho Chi Minh City Approves Investment In Five Big Projects
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