Dai Quang Minh, Vingroup, Lotte … are 3 of the “big” property are owns large investment projects in the Thu Thiem area of Ho Chi Minh City.
Thu Thiem urban area is located on Thu Thiem peninsula (District 2, Ho Chi Minh City), opposite District 1 via Saigon River, with a total area of 657 hectares. Approved by the government in 1996, the peninsula is expected to become a global financial and commercial hub and is expected to be the most beautiful city in Southeast Asia.
To invest in building Thu Thiem new urban area, Ho Chi Minh City took 10 years to clear nearly all of Thu Thiem peninsula, about 15,000 households have moved to make room for this super project. The city has mobilized nearly VND30,000 billion to pay compensation and resettlement.
According to the plan, Thu Thiem urban area is divided into 5 main areas: “central core”, northern residential area, a residential area along Mai Chi Tho Avenue, eastern residential area and delta area. southern. At present, the land fund in Thu Thiem is not much when many investors quickly grow up. Let’s Vietnam real estate through the names that have contributed to changing Thu Thiem’s appearance:
The projects of Dai Quang Minh in Thu Thiem
- Functional areas 5 and 6: 128ha of Sala urban area
- Functional Area No 8, the 150-hectare delta in the south, consists of 3 small projects: ecological resort, amusement park and research area.
- The project will build 4 main roads linking functional areas
- Thu Thiem2 Bridge
- Waterfront Park and Park
Lotte Group projects in Thu Thiem
Functional Area 2A: Lotte area of 16.7 hectares will be invested by Lotte and its subsidiaries $2.2 billion to develop Thu Thiem Eco Smart City complex, including commercial center, office, hotel and apartment. The tower is 50 storeys high.
Vingroup’s projects in Thu Thiem
Functional Area 2C: Covering an area of 31.5 hectares, including cultural facilities interwoven with a multifunctional commercial area.
The projects of the Keppel Land – Tien Phuoc – Tran Thai partnership in Thu Thiem
Development of the Empire City urban area project in functional area 2B including 13 apartment towers, offices, of which there is an 86-story complex tower.
Phat Dat’s projects in Thu Thiem
In the beginning of 2016, the partnership Phat Dat, Investment and Infrastructure Development Corporation 620 – Construction Investment Development 168 companies will invest 5200 billion to build Thu Thiem bridge 4, in exchange for the city Phat Dat will give 11 treasuries valued at more than 3 trillion dongs in Thu Thiem.
>>>See more information about the real estate market here: Vietnam real estate market
The projects of GS E & C in Thu Thiem
Owning 3 plots of land in Thu Thiem: Lot 3.7, 3.3, 3.11 total area of 4 ha is used to develop Xi Thu Thiem housing complex with total floor area of 232,439sqm.
Loc Phat’s project in Thu Thiem
Being the inventor of the complex of Song Viet complex with an area of 4.8 hectares in functional area No.1. The total investment value is up to VND7,200 billion.
You are reading the article Which Big Guys Behind The “Terrible” Projects In Thu Thiem? in the Real Estate category at https://realestatevietnam.com.vn/.
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