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Will auction 18ha Binh Hung Hoa cemetery as a high-end complex

Ho Chi Minh City will use 12 hectares of commercial center and 8 hectares of Binh Hung Hoa cemetery as a complex

Vice Chairman of People’s Committee of Binh Tan District, Ho Chi Minh City – Nguyen Minh Nhut, confirmed information City uses the entire area of ​​Binh Hung Hoa cemetery as apartment, commercial center is not accurate.

In fact, only 20 hectares of this cemetery is planned into a commercial residential complex, of which about 18 hectares is expected to be auctioned.

Binh Hung Hoa Cemetery, Binh Tan Distric, HCM will be divided into 3 phases
Binh Hung Hoa Cemetery, Binh Tan Distric, HCM will be divided into 3 phases

Mr. Nhut explained that the original plan of the city was to transform Binh Hung Hoa cemetery into a green and utility park. However, the cost of relocation and relocation of tombs is estimated at VND 2.5 trillion so the city budget is unbalanced.

Therefore, Ho Chi Minh City has allowed the adjustment of land use planning in Binh Hung Hoa cemetery. Accordingly, 24 hectares (accounting for 54% of the cemetery area) will be used as green parks, 12 hectares for trade centers and 8 hectares for complexes.

The addition of high-rise residential, commercial and service apartments will be used to auction land use rights. With this form of auction, it is expected to increase the ability to repay the city’s budget and advance sufficient funds to carry out the project to relocate the entire Binh Hung Hoa cemetery in the next phases. next. Currently, this project has not yet reached the auction stage and has not yet identified the investor to participate.

However, according to estimation of the price appraisal unit, if auctioning 18ha of land with the function of housing, trade and complex will bring about nearly VND2,500 billion revenue equivalent to nearly VND15 million/ sqm.

Ho Chi Minh City will use 12 hectares of commercial center and 8 hectares of Binh Hung Hoa cemetery as a complex
Ho Chi Minh City will use 12 hectares of commercial center and 8 hectares of Binh Hung Hoa cemetery as a complex

Ho Chi Minh City will use 12 hectares of commercial center and 8 hectares of Binh Hung Hoa cemetery as a complex

Binh Hung Hoa cemetery relocation project consists of 3 phases. Phase 1 will move 12.9 ha, the implementation period from 2011-2017, total investment capital VND784.56 billion. Phase 2 is expected to deploy from 2017-2019, the scale of 11.54ha, the cost of 749.6 billion. Phase 3 from 2018 to 2020, the area of ​​20,158ha, the estimated cost of 948 billion.

It is estimated that the unit cost of compensation for excavation, removal, relocation and rebuilding for the first phase of the Binh Hung Hoa Cemetery Relocation project ranges from VND 2-8 million / grave, depending on the level of solidarity. or rudimentary. The cost of reburial assistance is VND 3 million / grave.

Stage 1 (12ha) has collected nearly 12,500 graves and still has 4,051 houses have not completed. Expected from 31 october 2017 will be empty. The total cost of compensation and support for the project phase 1 under the approved estimate is nearly VND785 billion.

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