Ho Chi Minh City: The Rich Disputed Gold Land In The Heart City… Then Left

Many land plots in the center of Ho Chi Minh City are real estate giants juggle each other, then transfer back and forth. Owners of continuous changes have made the development, finishing projects on abandoned land many years.

You can read more information at Vietnam Real Estate Market

Ho Chi Minh City: Giants race to win gold center

Giant runners own gold land, but many areas of land are still unchanged status quo after years of licensing

It is known that in 2007, the People’s Committee of HCMC has planned 20 streets (about 50 hectares) of gold positions to call for investors to develop projects on a large scale.

After 10 years of looking back, only 4 projects located on these land are invested, exploited, the remaining continually changed owners and so.

Situated on the planned 20-story building, the 164-square-meter Golden Land, opposite the Notre Dame Cathedral, was awarded a bid by Hongkong Land and Sumitomo & Development to the city.

The land is located in a prime location with an area of nearly 9,800 m2, adjacent to Nguyen Du, Dong Khoi, Ly Tu Trong and Tran Dai Nghia high schools.

If the new investor 164 Dong Khoi appears, the Tran Hung Dao – Nguyen Thai Hoc triangle – Pham Ngu Lao district, District 1 has changed 3 times but has not changed.

With an area of 13,110 m2 adjacent to 23/9 park and Ben Thanh Market, this is considered as the most beautiful land in the 20 land plots are planned. However, there are many people in the real estate industry, this land is beautiful “rosary silver” when experienced over several times to the present still unfinished.

In addition to projects that are constantly changing owners and promising in the future, land that has a “stable” owner can not highlight its inherent value. Most of the winners have not created the appearance that many people expect the position of gold.

Betexco is the owner of many of the most land plots, becoming the inventor of a series of projects at the prime location.

In 2008, Bitexco Group won the bid and is investing in The One high-end commercial complex in Ben Thanh quadrangle, opposite the existing Ben Thanh market.

Ho Chi Minh City: Giants race to win gold center


In fact, after nearly 10 years of licensing, these projects have not yet been able to form.

A land plot at 23 Le Duan Street, District 1, is located right in the center of the city with two fronts of Le Duan Street and Nguyen Du Street, Ho Chi Minh City.

See more information at Vietnam Real Estate Investment

Tan Hoang Minh Trading – Service – Hotel Co., Ltd has won the auction of 3,000 m2 of land in 2015, at VND 1,430 billion – 2.6 times of the initial price.

After that, Tan Hoang Minh has submitted the request to cancel the auction result, at the same time organize the auction again in accordance with the process … “because of the auction idea that the price wrong.

In January of this year, Sabeco Pearl Investment JSC introduced the project of apartment-commercial-office complex located on this land.

As expected, the complex includes the 6-star hotel, conference center, seminar and office building for rent named Sabeco Tower. Sabeco Tower has a building area of 2,520 sqm, a tower of 1,650 sqm, a height of 48 floors and 36 floors, total floor area is about 90,000 sqm.

Recently, Sabeco announced the approval of the capital withdrawal plan at the complex. According to the information, the project has a new owner is a “real estate” in HCMC. However, the identity of this investor remains secretive.

There is still a lot of gold land cannot find partners satisfactory. The story of the development of gold land may last for many years.

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