Finding a way out for dozens of abandoned apartment buildings in Hanoi
In Hanoi, there are still many apartment projects that have completed the rough construction but are abandoned, "shelved", and there are even projects that have been idle for decades.
Every time he passes To Huu Street, Mr. Dang Quoc Nam (31 years old, La Khe Ward, Ha Dong District) feels regretful for the Van Khe urban area expansion project (Usilk City), because it was once called "the new dream city of Hanoi", but now it is in a state of disrepair, surrounded by corrugated iron fences. "While the demand for housing is very high, a project with hundreds, thousands of apartments is abandoned and behind schedule" - Mr. Nam said.
According to Lao Dong reporters, after more than 10 years of abandonment, the cement blocks of the Van Khe urban area expansion apartment project (Usilk City) are gradually changing color, many places are severely damaged. The project started in 2008, but so far only 3 buildings in CT1 cluster, 101-102-103, have been handed over, the remaining buildings are still unfinished and cannot be handed over. Of which, building 104-CT1 has completed the rough construction (tower A 50 floors and tower B 33 floors), but has not yet completed the legal procedures. See more
Approving 18 land plots for auction in Can Tho
Can Tho City People's Committee has just issued Decision No. 493/QD-UBND dated February 25, 2025 approving the plan and list of land plots to be auctioned for land use rights in 2025.
The plan aims to effectively exploit public land funds in accordance with approved planning and land use plans, increase revenue for the city budget, supplement public investment capital, social welfare; improve the effectiveness of land use rights auctions in the city.
This also aims to solve the need for land use for organizations and individuals to invest in the city's socio-economic development; solve housing needs, improve the quality of housing for people.
The total number of auctioned land plots in 2025 is 18 areas, including: Southwest Petroleum Depot (Cai Khe Ward, Ninh Kieu District), Cai Khe Roundabout Land Area (Cai Khe Ward, Ninh Kieu District); 3 plots of villas belonging to 5% of the land fund recovered from the Residential Area Project Lot No. 11D invested by Long Thinh Company Limited (Phu Thu Ward, Cai Rang District); Land of the old Water Plant (Chau Van Liem Ward, O Mon District). See more
Da Nang speeds up site clearance for Lang Van project
On February 26, the Department of Natural Resources and Environment of Da Nang City said that the locality is speeding up the site clearance progress for the Lang Van Tourism and Resort Complex project in Hoa Hiep Bac Ward, Lien Chieu District. The project has a scale of nearly 512.2 hectares with a total investment of nearly VND44,000 billion, invested by Vinpearl Joint Stock Company.
The project was approved by the Prime Minister to adjust the investment policy in November 2024 and the People's Committee of Da Nang City approved procedures related to planning and land use. Vinpearl has been allocated more than 10.4 million m2 of land to implement phase 1 since 2016.
Phase 2 of the project requires site clearance of 679 records, including 38 records of land with houses and 641 records of agricultural land and other land. By February 20, 510 dossiers (75.1%) had been completed, with the remaining 169 dossiers (24.9%). See more
Separated land is increasingly expensive
According to records, the land market in suburban areas of Hanoi and neighboring provinces such as Hung Yen, Bac Ninh, Vinh Phuc, Hoa Binh is heating up again. Notably, the subdivided land segment has seen a significant price increase, with many areas increasing by 15-20% compared to the end of last year.
In Dong Anh, Soc Son, Thach That, Quoc Oai, land prices have increased significantly after a long period of stagnation. Plots of land with an area of 50-70m2, with their own red books are being sought after, especially after many localities tightened conditions for land division, causing supply to increasingly limit.
A survey shows that in Dong Anh, the price of divided land plots currently ranges from 55-75 million VND/m2, depending on the location. Land plots near major roads, areas with strong infrastructure development or near key projects can reach the threshold of 80-90 million VND/m2, even exceeding 100 million VND/m2. See more
