Binh Dinh finds investor to implement commercial apartment project worth over 236 billion VND
CNT Group Joint Stock Company is the winning bidder for the Commercial Apartment Complex Project along Huynh Tan Phat Street with a winning bid price of over VND 39.8 billion (nearly VND 2 billion higher than the starting price).
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| Perspective of Commercial Apartment Project along Huynh Tan Phat Street. |
CNT Group Joint Stock Company (headquartered at Ho Tung Mau Street, Nguyen Thai Binh Ward, District 1, Ho Chi Minh City) has just been recognized by the People's Committee of Binh Dinh Province as the winning unit of the auction for land use rights to implement the Commercial Apartment Complex Project along Huynh Tan Phat Street, Dong Da Ward, Quy Nhon City.
Accordingly, CNT Group Joint Stock Company was the winning bidder with a winning bid of over VND39.8 billion (starting price of over VND37.9 billion). The company has paid a deposit of over VND7.5 billion, the remaining land use fee to be paid is over VND32.2 billion.
To implement the project, the People's Committee of Binh Dinh province requires that within 12 months from August 28, 2024, the investor must complete investment preparation procedures in accordance with current regulations to be able to start construction of project items; construction of the project must not exceed 36 months from the date of issuance of the construction permit.
“During the project implementation process, if the investor violates the above progress, the project and land will be considered for revocation, financial handling and the State budget will be confiscated for the auction winning amount paid according to current law provisions,” Binh Dinh Provincial People's Committee stated.
In addition, CNT Group Joint Stock Company is not allowed to transfer the investment project and transfer the land use rights of the project in any form when the construction investment project has not been completed and put into operation.
The commercial apartment complex project along Huynh Tan Phat Street has an area of 1,556 m2, of which the land for construction is 933.6 m2; the land for green parks and internal traffic infrastructure is 622.4 m2. The land allocation term for the investor is 50 years; the buyer of the apartment attached to the land use right is entitled to use the land stably and permanently.
The project was approved for investment by the People's Committee of Binh Dinh province on October 25, 2023 in Decision No. 3939 with project implementation cost (m1) of more than 236 billion VND. The maximum number of floors for construction is 2 basements and 18 above-ground floors (excluding technical floors and elevator penthouses).
The ground floor consists of a maximum of 3 floors in the base (for commercial services and commercial apartments), and a maximum of 15 floors in the upper tower (for commercial apartments). The total number of apartments is about 181.
Currently, Binh Dinh province is determining the starting price to organize the auction of land use rights to implement the project for 2 projects in Quy Nhon City, which are the Project to build a 5-star hotel, offices for lease and a Trade - Service Center (Land plot K200) and the Project to build a mixed-use apartment building at land plot No. 72B Tay Son Street.
Source: https://baodautu.vn/batdongsan/binh-dinh-tim-duoc-chu-dau-tu-thuc-hien-du-an-chung-cu-thuong-mai-hon-236-ty-dong-d223939.html
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