Newsletter

Hanoi is on the lookout for an investor for a billion-dollar city space within the Track Hong subdivision

Challenge funding capital is about 35,183 billion VND (equal to about 1.3 billion USD); Preliminary whole implementation prices are about 33,093 billion VND, compensation and resettlement assist prices are about 2,090 billion VND.

The challenge’s working time period is 50 years (calculated from the date the investor decides to allocate or lease land; the time period of land allocation or land lease is in line with the provisions of land legislation). Challenge implementation progress from 2023 – 2031.

The deadline for submitting challenge registration paperwork is earlier than 5:00 p.m. on June 28, 2024.

Hanoi requires preliminary capability and expertise of buyers registering to implement the challenge to have a minimal fairness capital of VND 1,599 billion. On the identical time, should have expertise implementing related tasks. The variety of tasks through which the investor or three way partnership member or companion has participated as an fairness investor or essential contractor.

It’s recognized that the 1/5,000 scale Track Hong city subdivision was accredited in early 2022. This subdivision has a scale of practically 11,000 hectares, inside the administrative boundaries of 55 wards and communes in 13 districts, together with: Kiem, Ba Dinh, Tay Ho, Bac Tu Liem, Hai Ba Trung, Hoang Mai, Lengthy Bien, Dan Phuong, Me Linh, Dong Anh, Gia Lam, Thuong Tin and Thanh Tri.

Of which, the Purple River space accounts for 3,600 hectares (33%), the riverbank land is over 5,400 hectares (50%), the remaining space is built-up space together with villages with a historical past of formation and improvement. as previous as Bat Trang, Van Khe, Trang Viet communes; Neighborhoods exterior the dyke comparable to Quang An, Tu Lien, Yen Phu, Phuc Xa…

The utmost inhabitants dimension on this space is forecast to be about 300,000 individuals by 2030. Of which, the prevailing inhabitants that will probably be retained for renovation and embellishment is 215,000 individuals, and the inhabitants of latest housing land is 85,000 individuals.

Ninh Phan