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Lam Dong officially approved the urban area project with a total area of 12,000 billion VND

Lam Dong Provincial People's Committee has just issued an official document approving the investor of the new urban area project South of Da Nhim River with a total area of more than 153 hectares, and a total investment capital of nearly 12,000 billion VND. The owner of this urban area is a joint venture from Hanoi.

A corner of Lien Nghia Town

Lam Dong Provincial People's Committee has just issued a document accepting the new urban area project of South Da Nhim River, Lien Nghia town, Duc Trong district.

Accordingly, the investor implementing this project will be a joint venture including Viet Han Trading - Advertising - Construction - Real Estate Joint Stock Company, An Phuc Real Estate Development Joint Stock Company and
Hano – Vid Real Estate Joint Stock Company.

Specifically, Viet Han Trading - Advertising - Construction - Real Estate Joint Stock Company has a Business Registration Certificate No. 0304683887. It was issued by the Business Registration Office - Department of Planning and Investment of Hanoi City. Noi. The company was granted the first registration certificate on November 10, 2006, and registered for the 29th change on June 6, 2022.

Head office address: No. 202 Ho Tung Mau, Phu Dien Ward, Bac Tu Liem District, Hanoi City.

An Phuc Real Estate Development Joint Stock Company has a Business Registration Certificate No. 0110016919. It is issued by the Business Registration Office - Hanoi Department of Planning and Investment. The company registered for the first time on June 1, 2022, and registered for the first change on April 17, 2023.

Head office address: No. 411 Tam Trinh, Hoang Van Thu Ward, Hoang Mai District, Hanoi City.

Hano–Vid Real Estate Joint Stock Company has a Business Registration Certificate No. 0105025361. It is certified by the Business Registration Office - Hanoi Department of Planning and Investment. The company registered for the first time on December 1, 2010, and registered for the 8th change on April 1, 2022.

Head office address: No. 430 Cau Am, Van Phuc Ward, Ha Dong District, Hanoi City.

The new urban area project South of Da Nhim River has a total area of 153.65 hectares. The project has 442,945 m2 of residential land, 63,971 m2 of public land for urban services, and 45,199 m2 of public land for residential units,...

The project includes 3,565 commercial housing units with a total floor area of about 1.6 million m2; Investing in the construction of commercial and service projects with a height of 3 floors and 15 floors; Investing in the construction of public works with 3-storey residential units;...

According to the investment approval decision, the total project investment capital is nearly 12,000 billion VND. Construction costs, equipment, and other costs are 9,632 billion VND, and compensation and site clearance costs are 2,211 billion VND.

The project has an operating term of 50 years. Project progress is expected in 5 years from the date of written approval from the investor.

To implement this large investment project, the investor consortium uses an equity capital cost of 3,283.59 billion VND. Viet Han Trading - Advertising - Construction - Real Estate Joint Stock Company participates in equity capital of 1,477.15 billion VND. An Phuc Real Estate Development Joint Stock Company participates in the equity capital of 493 billion VND. Hano-Vid Real Estate Joint Stock Company participates in equity capital of 1,313.44 billion VND.

The new urban area project of South Da Nhim River has the goal of building: a high-quality model urban area; Develop concentrated housing, create green - clean - beautiful urban areas, complete social infrastructure, technical infrastructure, and general landscape in harmony with the area. All of the above ensures synchronization, connectivity, and sustainability for the new urban area of the South of Da Nhim River.

Lam Dong Provincial People's Committee requested the Investor Joint Venture to prepare a table of project progress commitments according to a horizontal diagram including: progress of completing investment procedures; Progress of major projects each quarter and year in accordance with capital contribution progress; capital mobilization and capital disbursement; send to the Provincial People's Committee and Department of Planning and Investment within 30 days from the date the Provincial People's Committee approves the investor for supervision.

The new urban area project of South Da Nhim River has also received the attention of a series of other large real estate businesses such as FLC, T&T, Ecopark...