Ho Chi Minh City determined to fight waste, abandoned prime land, suspended projects have a chance to revive

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai will take charge of resolving many key projects, while city leaders will also resolve backlog and slow-progressing projects to combat waste.

Chairman of Ho Chi Minh City People's Committee Phan Van Mai will monitor and direct the settlement of the BT project of Thu Thiem 2 bridge (Ba Son bridge), the BT project to invest in the construction of 4 roads in the new urban area of ​​Thu Thiem... - Photo: NGOC HIEN

Chairman of the Ho Chi Minh City People's Committee Phan Van Mai has just issued a document announcing the assignment of the Standing Committee of the City People's Committee to monitor and direct the resolution of pending projects, stop construction, urgently deploy, complete, and put into use to prevent waste and loss.

This is an opportunity for projects to be revived when there are projects that have been "shelved" or stuck in planning for several years to decades.

"Naming" backlog projects, fighting waste

To focus on solving the problem in December 2024, Chairman of the City People's Committee Phan Van Mai will monitor and direct the resolution of the BT project of Thu Thiem 2 bridge (Ba Son bridge), the BT project to invest in the construction of 4 roads in the new urban area of ​​Thu Thiem, the Phan Dinh Phung stadium project, the Saigon Safari - Cu Chi park project...

Notably, among the projects that Mr. Mai will monitor and direct will be the Binh Quoi - Thanh Da urban area project (Binh Thanh district).

The Binh Quoi - Thanh Da urban area project is considered a "super project" that has been suspended for more than 3 decades. This project has a scale of up to 427 hectares, including the entire Thanh Da peninsula.

Up to now, the Binh Quoi - Thanh Da project is still in the stage of waiting for new planning ideas.

People in Binh Quoi - Thanh Da are still living in a "hanging" situation, with dilapidated houses and difficult traffic, affecting their lives and livelihoods - Photo: NGOC HIEN

Standing Vice Chairman of Ho Chi Minh City People's Committee Duong Ngoc Hai was assigned to monitor, direct the settlement and implementation of inspection and examination conclusions, cases and verdicts. These include the land plot at 8-12 Le Duan, the land plot at 2-4-6 Hai Ba Trung and the Sing-Viet project.

Notably, the prime land plot with an area of ​​nearly 5,000m² at 8-12 Le Duan, due to being involved in a case of illegal land allocation and leasing, has been "inactive" for many years, with part of the land being used as a parking lot. The land plot at 2-4-6 Hai Ba Trung (District 1) with an area of ​​more than 6,080m² has also been abandoned for many years due to violations related to the transfer of public land.

Currently, both lands have been recovered and managed by the Ho Chi Minh City People's Committee.

The land plot 2-4-6 Hai Ba Trung (District 1) with an area of ​​over 6,080m² has been abandoned for many years due to violations related to the transfer of public land. Currently, the buildings next to these plots of land have office floor rental prices of up to 60 USD/m²/month (about 1.5 million VND) - Photo: NGOC HIEN

Calculate financial obligations, help investors develop billion-dollar projects

Vice Chairman of the Ho Chi Minh City People's Committee Bui Xuan Cuong will monitor and direct the settlement of infrastructure projects and many real estate projects. These include major projects such as the auction of the 3,790-unit resettlement apartment project in Thu Thiem, determining financial obligations for Lotte's Eco Smart City project, the 230 Nguyen Trai project, the One Central HCM project of investor Saigon Glory Company Limited...

Ho Chi Minh City plans to auction 3,790 resettlement apartments in the new urban area of ​​Thu Thiem after many years of thousands of these apartments being empty - Photo: NGOC HIEN

Of these, after many unsuccessful auctions, 3,790 apartments in the Thu Thiem new urban area are still abandoned and some items are deteriorating. According to the plan, by the end of 2024, these apartments, valued at about VND10,000 billion, will complete the auction procedures. However, the success or failure of the auction is still a mystery.

Thu Thiem Eco Smart smart complex of Lotte Group (Korea) has an expected land use revenue of up to 16,000 billion VND - Photo: NGOC HIEN

Meanwhile, Lotte's Eco Smart City project is located in a prime location in Thu Thiem, with a "huge" investment capital of up to VND 20,100 billion. On September 2, 2024, Lotte Group held a groundbreaking ceremony for the Lotte Eco Smart City Thu Thiem smart complex.

However, the project has not yet completed its land financial obligations. Recently, Chairman of the Ho Chi Minh City People's Committee Phan Van Mai has directed to promptly remove obstacles regarding financial obligations to invest in this complex, thereby being able to collect tens of thousands of billions of VND for the budget, creating jobs for the people.

The 230 Nguyen Trai project, with the commercial name Lancaster Legacy, developed by Trung Thuy Group, has not yet completed its financial obligations, so it has been "frozen" for many years - Photo: NGOC HIEN

The 230 Nguyen Trai project, with the commercial name Lancaster Legacy, developed by Trung Thuy Group, is located in a prime location. The project has completed the rough construction but has not yet completed its financial obligations, so it has been "frozen" for many years.

One Central HCM is an 8,600m² complex project in the Ben Thanh quadrangle, opposite Ben Thanh market (District 1, Ho Chi Minh City). This project is considered one of the most prime locations in Saigon when it owns four frontages on Pham Ngu Lao - Calmette - Le Thi Hong Gam - Pho Duc Chinh streets, but has changed names and owners many times and is still "shelved".

The One Central HCM super project is located in the Ben Thanh quadrangle, one of the most prime locations in Saigon with 4 street frontages: Pham Ngu Lao - Calmette - Le Thi Hong Gam - Pho Duc Chinh - Photo: QUANG DINH

Vice Chairman of Ho Chi Minh City People's Committee Nguyen Van Dung will monitor and direct the implementation of audit conclusions, Norfolk Hotel project, Caravelle Hotel expansion land, land plot No. 2-4-6 Nguyen Hue - Majestic Hotel expansion, Tax Trade Center land (old)...

Norfolk is a 30-year-old hotel in the center of Ho Chi Minh City that has stopped operating. Ho Chi Minh City has also reclaimed the land leased by Ben Thanh - Norfolk Hotel Company Limited since August 1995. The reason for the reclamation is that the land user who leased the land from the State and paid annual land rent was dissolved, went bankrupt, moved to another place, or had reduced or no longer needed to use the land - Photo: NGOC HIEN

Source: https://tuoitre.vn/tp-hcm-quyet-chong-lang-phi-dat-vang-bo-hoang-du-an-treo-co-co-hoi-hoi-sinh-20241204201529186.htm