After a long wait, three real estate projects in Binh Duong have recently been notified of land price approval for businesses to fulfill their financial obligations. However, hundreds of other projects are still waiting to be “unstuck”.
Binh Duong: 3 more real estate projects have their land use fees "unblocked"
After a long wait, three real estate projects in Binh Duong have recently been notified of land price approval for businesses to fulfill their financial obligations. However, hundreds of other projects are still waiting to be “unstuck”.
3 projects have been "cleared" for land use fees
According to information from the Binh Duong Provincial Electronic Information Portal, the People's Committee of Binh Duong Province has approved land prices for 3 real estate projects in Di An City, Binh Duong Province.
Specifically, the Provincial People's Committee approved the land price to calculate the financial obligations for the land of Phat Khang Real Estate Investment Joint Stock Company to implement the Phat Khang Housing Project in Dong Hoa Ward, Di An City.
Land valuation time is January 2022. Urban residential land area is 8,265 m2, the State allocates land with land use fee collection. The average unit price of urban residential land for a long-term stable period is 24.3 million VND/m2.
This project is currently commercially known as Bcons Plaza townhouses, developed by Bcons Group. The project has 115 townhouses, which have been built and handed over to customers by Bcons since 2023. The selling price for each townhouse ranges from 5 to 8 billion VND/unit.
The next project approved by the People's Committee of Binh Duong province for land price to calculate financial obligations is that of Bcons Land Real Estate Joint Stock Company changing land use purpose to implement the Bcons Commercial - Service - Office - Apartment Area in Dong Hoa ward, Di An city.
Land valuation date: May 2022. Change of urban land use purpose: 20,696 m2. Long-term land use term. Form of use: State allocates land with land use fee collection. Average land price is 26.1 million VND/m2.
Change the land use purpose to educational and training facilities with an area of 2,458m2. Use for 50 years, the State leases the land and collects the rent once for the entire lease period. The average land price is 13.8 million VND/m2.
It is known that this is the Bcons City apartment complex developed and built by Bcons Group since 2021. Up to now, the project has completed the rough construction. The project has been granted a construction permit with 5 apartment blocks from 27 to 29 floors high, including nearly 2,000 apartment products, the selling price offered by the investor is from 40 to 50 million/m2.
The last project approved by the People's Committee of Binh Duong province is the land of Dong Nam Construction, Trading and Service Company Limited, which changed its land use purpose to implement the Ngai Thang residential area project in Binh Thang ward, Di An city.
Land valuation time is July 2022. The land use purpose is changed to urban residential land with an area of 18,979 m2. The average land price is 21.2 million VND.
Change the land use purpose to educational and training facilities with an area of 8,160 m2. The land price is 14.2 million VND/m2, the term of use is 70 years and 7.3 million VND/m2 for land with a remaining term of use of 35 years and 11 months.
This project has the commercial name The Gio Riverside and is developed by An Gia Group. According to the design, this apartment project has a height of 40 floors above ground and 3 basements with 3,000 apartments. Currently, the investor has not built the project, according to An Gia Group, the project will be implemented in the first quarter of 2025 and sold at the same time.
However, many real estate businesses in the province said that currently, there are still many projects that have been granted construction permits for a long time but have not yet been approved for land use prices so that businesses can pay and complete legal procedures to be able to sell and sign sales contracts with customers.
Many projects announced investment policies
On January 2, the People's Committee of Binh Duong province held a ceremony to award investment approval decisions and investment registration certificates for projects in Binh Duong province.
In which, the commercial housing projects were granted investment approval decisions by Chairman of Binh Duong Provincial People's Committee Vo Van Minh including:
1, QP Township Joint Stock Company with Quang Phuc 4 Residential Area project, total investment capital is 3,800 billion VND.
2, Binh My 3 Residential Area is invested by Bac Binh Duong Real Estate Joint Stock Company with an investment capital of 3,700 billion VND.
3. Investment project to build a commercial apartment complex in Vinh Phu (Starview) with a total investment capital of 3,400 billion VND, invested by Vinh Phu National Housing Organization Company Limited.
4, Tan Viet Phat apartment building project is invested by Tan Viet Phat Real Estate Joint Stock Company with an investment capital of 3,200 billion VND.
5. Ava Square apartment building construction investment project invested by An Phu Real Estate Investment Company Limited with an investment capital of 2,800 billion VND.
6, SH Dong An Company Limited with Ha An Commercial Service Apartment Complex (The An), total investment capital is 2,400 billion VND.
7, Hoang Nam Star High-rise Building with a total investment of 2,300 billion VND by Hoang Nam Project Investment Joint Stock Company.
8, Minh Tien Phat Real Estate Trading Company Limited with the project of Investing in the construction of Thinh Vuong DD apartment building (DD Prime Homes), total investment capital of 2,200 billion VND.
9, Gia Dinh Group Joint Stock Company was granted the Decision approving the investment policy for the Gia Dinh Commercial Housing and Villa Service Complex project with a total investment capital of 2,200 billion VND.
10, A&T luxury apartment project on the Saigon River invested by A&T Thuan An Urban Development Investment Joint Stock Company with a capital of 2,100 billion VND.
11, Tan Lap Long Tan residential area project with capital of 2,000 billion VND invested by Tan Lap Dau Tieng Joint Stock Company.
12, Hoang Nam Urban Area Project is invested by Hoang Nam Housing and Urban Development Investment Company Limited with a capital of 1,700 billion VND.
13. Vinh Tan Tien residential area construction investment project invested by Vinh Tan Tien Investment and Development Company Limited with capital of 1,400 billion VND.
14. Kim Son high-rise apartment building construction investment project invested by Son Kim Hotel Investment Joint Stock Company with capital of 1,300 billion VND.
15, Tan Lap Bac Tan Uyen Ecological Housing Project invested by Villa Joint Stock Company with capital of 1,000 billion VND.
However, according to research, among the 16 projects granted this Decision of Investment Policy Approval, many projects have been opened for sale by investors as well as constructed and received investment policies since 2023.
For example, the Kim Son high-rise apartment building investment project with the commercial name Picity Sky Park in Di An City, Binh Duong Province, with Pi Group as the project developer.
Accordingly, this project was granted Decision No. 2341/QD-UBND dated June 16, 2023 by the People's Committee of Binh Duong province approving the 1/500 planning for the project. On December 28, 2023, the project was granted Construction Permit No. 4706/GPXD by the Department of Construction of Binh Duong province. In particular, this project was announced with Decision approving the investment policy and approving the investor No. 3009/QD-UBND issued by the People's Committee of Binh Duong province on November 18, 2022.
Source: https://baodautu.vn/batdongsan/binh-duong-them-3-du-an-bat-dong-san-duoc-go-vuong-tien-su-dung-dat-d239471.html
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