- The modern living space at Westgate Apartments has been handed over
- The real estate market has shown signs of "thawing"
- Critical projects with a total value of up to hundreds of trillions in the Hanoi sprint
- In the first 4 months of the year, traffic infrastructure was arranged at VND 22,000 billion
- The Prime Minister asked ministries and branches to join forces to remove difficulties in the real estate market
- 81,000 apartments in 355 commercial housing in Ho Chi Minh will be issued Pink Books in 2023
- National Reunification - International Labor Day and Hung Kings Commemoration Holiday Annoumcement
- VIProperty opens new office at Eco Green Saigon project.
FLC Group plans to build a resort town project of more than 1,100ha in Binh Chanh, with a 99-floor building
Billionaire Trinh Van Quyet's FLC Group proposed to build a project complex with a scale of more than 1,100 hectares, with a total investment of up to VND 80,000 billion (nearly $4 billion) in the western area of Ho Chi Minh City, with the highlight building which they called as a landmark with 99 floors.
* Picture: Trinh Van Quyet - Chairman of FLC Group.
On February 8, with the approval of the People's Committee of Ho Chi Minh City, the Standing Board of Binh Chanh District Party Committee had a meeting to listen to FLC's detailed report on the investment plan of the enterprise in the district.
At the meeting, Trinh Van Quyet's FLC Group reported in detail about the investment proposal for Smart Eco City resort urban area located in Tan Nhut and Binh Loi communes, Binh Chanh district, Ho Chi Minh City. The project will have a scale of up to 1,154 hectares, with a total investment of about VND 80,000 billion (nearly $4 billion).
*Picture: Rumor about the location of FLC's project.
The project research area is in the west of Ho Chi Minh City, about 10km from the city center and about 15km from Tan Son Nhat airport. The project consists of 5 subdivisions: Ecological urban area, Creative and scientific urban area, urban resort & entertainment, urban service, resettlement and social housing, residential area and resettlement.
According to the proposal of FLC, the green rate of the whole project will account for over 75%, only the remaining 25% is for construction. The highlight of the whole project is the 99-floor Landmark tower located at the core of the project, which is expected to become a new iconic building in the West of Ho Chi Minh City. If the plan is implemented, this project could become the tallest building in Vietnam.
Besides, many other high-class utility items are also planned such as Disneyland model theme park, central park and lake, resorts, golf academy, health care area, center shopping centers, international schools... In addition, the project also includes high-rise, low-rise and high-rise residential areas and resettlement areas with social housing and intermediate housing to meet the accommodation needs of about 165,000 - 180,000 people.
Sharing more about the investment plan of the business, FLC Chairman, Mr. Trinh Van Quyet said that Binh Chanh district possesses great potential for socio-economic development. From this inherent advantage, FLC wishes to invest in building a complex project of great caliber, with a strategy to contribute to improving the urban appearance, creating spillover effects for neighboring communes and wards of the city. Binh Chanh, and contributed to turning the entire Binh Chanh district into a “miniature” city, a new status of Ho Chi Minh City.
"If FLC is the leading bird, many parallel projects will follow, creating development for Binh Chanh district", Binh Chanh District Party Committee Secretary Tran Van Nam commented and said, Binh Chanh will create favorable conditions, maximize support for businesses in promoting legal procedures in accordance with regulations, in order to speed up the investment process of FLC in the locality.
Westgate is a modern apartment complex located in the administrative center of Binh Chanh (Tan Tuc, Binh Chanh, Ho Chi Minh City), developed by An Gia as the investor and Ricons as the main construction contractor. The project is developed on a 3.1-hectare land plot, consisting of 4 residential towers with 20 floors each, offering approximately 2,000 apartments, shophouses, villas, and more...
The signs of "thawing" in the real estate market have started to emerge as a series of projects begin to kick off, boosting investor confidence. The capital market, corporate bonds, and project legalities have been continuously addressed by the government since mid-2022. In the first quarter, the State Bank and many commercial banks began announcing lowered deposit interest rates. Additionally, the 120 trillion VND package for social housing buyers has officially come into effect.
Many critical projects in Hanoi City are being accelerated to be completed this year and in 2024. Specifically, the investment project to build cultural and social works in Hanoi, with an investment of more than 1,300 billion VND, with a scale of nearly 40,000 m2, is expected to be completed in 2024.
The Ministry of Transport has disbursed nearly VND 22 trillion of public investment capital for transport infrastructure projects in the year's first four months. This figure is higher than the national average, reaching 23.2% of the plan assigned by the Prime Minister in 2023