3,790 abandoned apartments in Thu Thiem before the 5th auction

Anh Tú | 21/03/2025 06:30

After 4 unsuccessful auctions, Ho Chi Minh City continues to open the 5th auction for 3,790 resettlement apartments in Thu Thiem, hoping to attract investors with the new policy.

Binh Khanh resettlement area is 38.4 hectares wide, part of the 12,500 apartments program serving the resettlement of Thu Thiem Urban Area, which was completed in 2015. After building about 8,500 apartments, the city decided to keep 2,924 apartments for resettlement and allowed the auction of 3,790 apartments out of the total remaining 5,626 apartments to recover State capital.

However, over the years, these apartments have been auctioned at least four times but all have been unsuccessful. The reason is said to be that the starting price is too high and the quality of the apartments does not meet investors' expectations.

Recently, the Ho Chi Minh City People's Committee has approved the content of the report and proposal of the Ho Chi Minh City Department of Construction on continuing to implement the auction policy of 3,790 apartments at lots R1, R2, R3, R4, R5 in the 38.4-ha area in the Thu Thiem New Urban Area, An Khanh Ward, Thu Duc City.

The purpose of use and function of these apartments have been approved by the Ministry of Construction to be converted into commercial housing.

The Ho Chi Minh City People's Committee assigned relevant departments, branches and units to speed up the auction progress of the above 3,790 apartments.

Hinh anh tu tren cao cho thay hien trang cac khoi nha cao tang bo khong, mot so khu vuc bi rao chan. Du an nam tren tuyen duong huyet mach Mai Chi Tho va gan tuyen duong Luong Dinh Cua, co vi tri dac dia, thuan loi ket noi giao thong. — Images from above show the current status of abandoned high-rise buildings, some areas are fenced off. The project is located on Mai Chi Tho Street and near Luong Dinh Cua Street, with a prime location and convenient traffic connection.

Cac block nha day du ha tang noi va ngoai khu nhu cong vien, san choi tre em, cay xanh, duong noi khu da co ban hoan thanh. Day la du an tai dinh cu duoc thanh pho yeu cau phai tro thanh kieu mau nhung dang bi bo hoang gan 10 nam qua. — The blocks of houses with full infrastructure for the internal and external areas such as parks, children's playgrounds, trees, and internal roads have been basically completed. This is a resettlement project that the city requested to become a model but has been abandoned for nearly 10 years.

Cac con duong dan vao khu tai dinh cu deu duoc rao chan, thuong xuyen co bao ve tuc truc. — The roads leading to the resettlement area are all fenced off, with security guards on duty.

Hien nay cac hang muc trong khu cao oc nay da bat dau xuong cap va tro nen cu ky. — Currently, the items in this snail elevation area have begun to deteriorate and become old.

Canh vat noi day mang ve hoang vang vi bi bo khong qua lau. — The scenery here seems deserted because it has not been abandoned for too long.

Ho Chi Minh City hopes that the upcoming auction will attract investors by switching to commercial housing. In addition, the authorities are committed to ensuring a transparent auction process in accordance with legal regulations to avoid loss of public assets.

Anh Tú