Real estate 24h: Apartment prices continue to increase, people looking for land in the suburbs

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New urban areas in Ho Chi Minh City bid to select investors; Apartment prices continue to increase, many Da Nang residents are looking for land in the suburbs... are notable news.

284-hectare new urban area in Ho Chi Minh City bids to select investors

Ho Chi Minh City organizes a bidding to select investors for a new urban area of more than 284 hectares in Phu An ward, formerly Binh Duong province.

Sau sap nhap voi Binh Duong va Ba Ria - Vung Tau, TPHCM to chuc dau thau chon nha dau tu cho nhieu du an. Anh: Anh Tu
After merging with Binh Duong and Ba Ria - Vung Tau, Ho Chi Minh City organized bidding to select investors for many projects. Photo: Anh Tu

The Ho Chi Minh City People's Committee has just issued an official dispatch to implement Resolution No. 400/NQ-HDND of the City People's Council on promulgating the list of land plots to be bid to select investors to implement projects using land in the area in 2025 (phase 1).

Ho Chi Minh City organizes a bidding for the new urban development area - Area No. 6 in Phu An ward (formerly in Binh Duong province) with an area of 284.28 hectares.

In addition, Ho Chi Minh City also bids for 3 land plots in Chau Pha commune (formerly Ba Ria - Vung Tau province), including: Industrial waste recycling and hazardous waste treatment plant project (3.75 ha); steel waste treatment and recycling plant project and auxiliary industry (2 ha); industrial waste recycling and hazardous waste recycling plant project (3.86 ha).

The bidding period for these projects is 180 days. See more...

Apartment prices continue to increase, many Da Nang residents seek land in the suburbs

Da Nang - Many apartment projects in the city have been continuously increasing in price recently, causing people to shift to looking for projects in the suburbs.

Mot toa chung cu tai TP Da Nang. Anh: Thu Giang
An apartment building in Da Nang City. Photo: Thu Giang

Witnessing the increasing price of apartments, Mr. Nguyen Van An (character's name has been changed, living in an apartment in Son Tra ward) - informed that he was quite surprised when the price of apartments here was being resold at 1.7 billion VND/apartment.

"A 2-bedroom apartment with an area of only about 54 square meters is being advertised for about 1.7 billion VND/apartment, depending on the area. Meanwhile, about a year ago, the selling price here was only from 1-1.2 billion VND/unit, an increase of nearly 500 million VND" - Mr. An said.

Faced with the rapid increase of the apartment segment, Mr. Nguyen Manh Cuong (35 years old, renting a house in Lien Chieu ward) has also put aside his plan to buy a house, switching to looking for projects in the suburbs of the city with the hope that the price will be more affordable.

According to Mr. Nguyen Manh Cuong, many of his friends have chosen to move to suburban areas to buy land for a house, accepting to work further to reduce financial pressure. See more...

Procedures for granting red books to land users before August 1, 2024

Decision No. 3380/QD-BNNMT guides the procedures for granting red books to cases that have transferred land use rights before August 1, 2024.

Public list of social housing buyers at 13.7 million VND/m2

The Hanoi Department of Construction has just announced a list of customers eligible to sign a contract to buy social housing (rental and sale) at OXH3 building, part of the Kien Hung Social Housing Construction Investment Project, lot B-XH, Kien Hung New Urban Area, Kien Hung Ward, Hanoi (phase 1).

According to the list, there are 21 people eligible to sign social housing purchase contracts at the project. Previously, the Department of Construction informed the OXH3 building that there are 21 social housing apartments subject to lease and transfer (after 5 years of lease). Thus, all of these apartments have had someone submit a registration application.

Tong quan khu do thi nha o xa hoi Kien Hung. Anh: Cong ty co phan dau tu phat trien do thi Kien Hung
Overview of Kien Hung social housing urban area. Photo: Kien Hung Urban Development Investment Joint Stock Company

The project is invested by the Joint Venture of Kien Hung Urban Development Investment Joint Stock Company (representative of the joint venture) and Hop Phu Development Investment Joint Stock Company.

The construction site is at the land plot marked B-XH, Kien Hung New Urban Area, Kien Hung Ward, Ha Dong District, with a total area of about 41,930m2. The project is invested directly by non-budgetary capital.

The selling price of social housing in OXH3 building is 13,781,131 VND/m2 (including VAT, excluding maintenance costs).

The project has a scale of 3 blocks of 6-storey buildings: OXH1, OXH2 and OXH3. Of which, OXH1 building has 200 apartments (160 social housing units for sale, 40 commercial apartments); OXH2 building has 200 apartments (82 social housing units for sale, 82 social housing units for rent, 36 commercial apartments); OXH3 building has 100 apartments (63 social housing units for sale, 21 social housing units for rent, 16 commercial apartments). See more...

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