Work on the five new urban areas will be kicked off this year.
The municipal People’s Committee has added these projects to the investment list of building new urban and residential areas in the city for the 2018-2020 period.
Accordingly, three of the urban areas will be located in Cai Rang district, one of which is the Nam Can Tho new urban area, known as Riverine Can Tho City, which is designed to be a high-end residential area along with an office, trade, resort and entertainment complex. Invested by the Nam Can Tho Development and Investment JSC, the project is worth over 2.6 trillion VND (112 million USD) and will cover 99.86 ha. It is scheduled to be put into operation in 2024.
The other two are Hai Dang urban area in new urban area (Zone 2) - Lot 10 and New Urban Area (Zone 1) - Lot 6C.
Meanwhile, the Hai Dang urban area – invested in by the joint venture of Saigon Real Estate and Investment Management JSC, Hai Dang Real Estate Investment JSC, Hai Dang Investment Construction JSC, and Quoc Loc Phat JSC – will cover 54.1 ha with a total investment of nearly 4.4 trillion VND. It is expected to be put into use in 2025.
The Zone 1, Lot 6C urban area project will be built on 26.98 ha with a total investment of 955 billion VND by Hong Loan Real Estate Trading and Construction JSC and completed in 2023.
In Ninh Kieu district, the joint venture of Hai Phat Investment JSC, Civil Engineering Construction Corporation No.5, and Dai Dong A Investment JSC will invest 4.16 trillion VND in a new urban area in An Binh ward. The project is set to be put into operation in 2021.
In An Thoi ward, Binh Thuy district, the GD Land Ltd., Co. and CADICO JSC joint venture will be responsible for a new urban project worth 465 billion VND. The project will cover 30.04 ha and be put into operation in 2023.
