The 35,000 billion VND urban area in Dong Anh needs to find more investors

Since only one investor has submitted the project registration documents, the Hanoi People's Committee has decided to extend the deadline to find other businesses.

Previously, on May 15, the Hanoi Department of Planning and Investment posted information, inviting interested investors to submit online applications for investment projects using land for smart-ecological urban areas in Tam Xa, Vinh Ngoc, Xuan Canh communes, Dong Anh district.

However, by the deadline for submitting documents, which is June 28, the Department has only recorded one investor submitting a project registration application. This is the reason why the Hanoi People's Committee had to issue Document No. 2711/UBND-DT on extending the project registration period. Accordingly, the deadline for submitting documents will be extended to 5:00 p.m., September 12.

Currently, the unit is "alone" in the search for an investor, a consortium of Vingroup Corporation - Long Hai Investment and Trade Development JSC, Thai Son Construction Investment JSC. This unit has met the preliminary requirements on capacity and experience for investors registering to implement the project.

According to approval, the smart - ecological urban area in Dong Anh has a total land use research area of about 268 hectares. The project is expected to provide the market with about 12,833 houses, including 427 villas; 1,211 townhouses; 7,769 commercial apartments; 3,426 social housing apartments. The population size in the urban area is about 38,500 people.

The preliminary total cost of project implementation (excluding compensation, support, resettlement, land use fees, land rent) is about 33,093 billion VND. Compensation, support, and resettlement costs are about 2,090 billion VND.

The project's operational period is 50 years. The implementation progress is expected to last from 2023 to 2031.

In Dong Anh district, investors are focusing their attention on the Vinhomes Co Loa super project. The project is located in the four communes of Dong Hoi, Xuan Trach, Xuan Canh, and Mai Lam. Currently, some brokerage firms reveal rumored (expected) prices for townhouses from 17.5 to 25.2 billion VND; shophouses from 17.5 to 28 billion VND; villas from 35.7 billion VND or more.

In addition, Dong Anh district also owns another super project located in Hai Boi and Vinh Ngoc communes called the smart city. The project is invested by BRG and Sumitomo. The total land use area of this “city” is 272 hectares, with an investment capital of up to 4.2 billion USD.

Previously, in a meeting in early August 2024, Chairman of the Hanoi People's Committee Tran Sy Thanh emphasized that Dong Anh district will be upgraded to a district by the end of 2024. Currently, this locality has completed the criteria and is qualified to become a district.

Source: https://baodautu.vn/batdongsan/khu-do-thi-35000-ty-dong-o-dong-anh-can-tim-them-nha-dau-tu-d223318.html