Da Nang approves investment in apartment project worth nearly 800 billion VND

On July 21, the People's Committee of Da Nang City announced that it had just issued a decision approving the investment policy and investor for the Ho Xuan Huong apartment project (The Poet Residence) of Phuc Thanh An Real Estate Joint Stock Company.

Accordingly, the Ho Xuan Huong apartment project is built at 95-97-99 Ho Xuan Huong Street (My An Ward, Ngu Hanh Son District, Da Nang City) with a total investment of more than 792 billion VND, including 275 commercial apartments. The project includes 25 floors above ground, 1 attic floor and 2 basements, the tower height is 95m.

Đà Nẵng chấp thuận đầu tư dự án chung cư Hồ Xuân Hương gần 800 tỉ đồng - Ảnh 1. — Perspective of Ho Xuan Huong apartment project including 275 commercial apartments

The goal of the Ho Xuan Huong apartment project (The Poet Residence) is to invest in building commercial apartments for sale and offices for rent with new, modern, synchronous equipment to serve the needs of people and businesses in the area.

In early June, the People's Committee of Da Nang City also approved the investment policy and approved the investor of the Ocean Tower apartment project (Aqua Tower) of Aqua Tower Company Limited. The Aqua Tower project is implemented at Lot 03, Area A2-1, Complex of commercial center, office for lease, high-rise housing and luxury villas Son Tra - Dien Ngoc, part of the Resettlement Area project at the beginning of Son Tra - Dien Ngoc route (Tho Quang Ward, Son Tra District, Da Nang City).

The investment objective of the project is to build and sell the project for rent, meeting the housing needs of the city's residents and businesses in the area. This project will provide the market with 202 commercial apartments, with an area of ^44.3m2 to ^173.3m2 , the apartments are invested and built in the style of closed apartments (with bedrooms, living rooms, kitchens, separate toilets). The Aqua Tower project has a 50-year operating period, with the expected completion and operation schedule in the first quarter of 2026.

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