Quang Tri appraises urban housing project combined with social housing

The project of urban housing combined with social housing in Nam Dong Ha Industrial Park (IP) was proposed for investment by the joint venture of Saigon Thanh Dat Agricultural Investment Joint Stock Company and Licogi 13 Joint Stock Company.

The Department of Planning and Investment of Quang Tri province has just announced the results of the appraisal of the project proposal to build an urban housing area combined with social housing in the Nam Dong Ha Industrial Park (IP), Dong Ha City , Quang Tri Province, proposed by the joint venture of investors Saigon Thanh Dat Agricultural Investment Joint Stock Company and Licogi 13 Joint Stock Company, with a total investment of VND 1,470.6 billion.

According to the Department of Planning and Investment of Quang Tri, the Department of Planning and Investment recently received the project dossier proposed by the joint venture of investors Saigon Thanh Dat Agricultural Investment Joint Stock Company and Licogi 13 Joint Stock Company.

Nam Dong Ha Industrial Park Area.

Accordingly, the proposed project area is located in Dong Luong Ward, Dong Ha City, with an area of approximately 24,853 hectares. Through appraisal, it was shown that this area has been approved by the People's Committee of Quang Tri Province to adjust the detailed planning for the construction of an urban housing area combined with social housing in Nam Dong Ha Industrial Park in Decision No. 2211/QD-UBND dated August 14, 2017. However, the detailed planning of the proposed project has some contents that are not consistent with the related zoning plan.

Regarding investment in social housing construction, the project implementation area is located next to Nam Dong Ha Industrial Park. The investor proposed the land area for social housing construction in the project to be 49,802.4 m2 (with 1,245 apartments, equivalent to 87,154.02 m2 of floor area), accounting for 40.61% of the total residential land area in the project, accounting for about 20% of the total area of the entire project.

This is consistent with the approved detailed planning, consistent with the provisions of Decree No. 100/2015/ND-CP of the Government on the development and management of social housing and consistent with the orientation of social housing development for workers and employees of industrial parks in the Program and Plan for housing development in Quang Tri province approved in Decision No. 3317 dated December 22, 2022 of the People's Committee of Quang Tri province.

Regarding the area where land use rights are expected to be transferred to people to build their own houses, in this project, the investor proposed to build 94 townhouses and 15 villas (with a floor area of about 40,446.15 m2). According to regulations, the investor must complete the entire exterior of the house (Article 13 of the Law on Real Estate Business).

Through the appraisal opinion, the Department of Construction of Quang Tri requested the investor and the Department of Planning and Investment to consider and weigh the proposed content and appraisal content of the investment project on the area where land use rights are expected to be transferred to people to build their own houses in the form of dividing and selling plots of land, to avoid having to adjust the investment policy and other legal documents after the Housing Law 2023 comes into effect.

Regarding financial capacity, according to the Department of Planning and Investment of Quang Tri, through the documents provided by the investor consortium, some financial indicators at the end of 2023 of the main contractor show that with the remaining working capital, the report on the use of equity capital at the time the main contractor guaranteed the proposed capital contribution of VND 205.89 billion. The subcontractor has provided a financial report for 2023, but through the indicators, it shows that the company is still dependent on loans and financial leasing debt to operate. The remaining working capital at the end of 2023 is VND 11.7 billion at the time the subcontractor has not guaranteed the proposed capital contribution of VND 88.24 billion.

According to the Department of Planning and Investment of Quang Tri, this is the stage of preparing documents to propose approval of the project investment policy, so the data prepared and reported by the investor is for reference purposes to consider the ability and meet the conditions for project implementation.

Regarding loan and mobilized capital, at the time of bidding to select investors, according to the Department of Planning and Investment of Quang Tri, if the joint venture of investors Saigon Thanh Dat Agricultural Investment Joint Stock Company and Licogi 13 Joint Stock Company participate, they must provide a written consent from the Bank committing to provide credit.

It is known that Saigon Thanh Dat Agricultural Investment Joint Stock Company is located at 106 Hoang Dieu, Phuoc Ninh Ward, Hai Chau District, Da Nang City. The enterprise was established in 2010, and currently has a charter capital of 240 billion VND. The enterprise is represented by Mr. Tran Xuan Dinh, (born in 1955), residing in Hai Chau District, Da Nang City, as the legal representative and general director.

Saigon Thanh Dat is known as the investor of the Cau Hung - Lai Nghi Residential and Service Area project with a total investment of 1,600 billion, an area of 109 hectares, in Dien Nam Dong ward, Dien Ban town, Quang Nam; and the Quang Binh commercial resort complex urban area project (about 36.525 hectares) in Quang Tho ward, Ba Don town, Quang Binh province.

Regarding Licogi 13 Joint Stock Company, the enterprise is located at Licogi 13 Building, Khuat Duy Tien Street, Nhan Chinh Ward, Thanh Xuan District, Hanoi. Licogi13 has a charter capital of VND 950.8 billion.

Source: https://baodautu.vn/batdongsan/quang-tri-tham-dinh-du-an-khu-nha-o-do-thi-ket-hop-nha-o-xa-hoi-d215844.html