Lotte Group proposes to end Thu Thiem Eco Smart City super project
On the afternoon of September 18, information from the Ho Chi Minh City Department of Finance said that on August 20, 2025, the Department of Finance received document No. LPHCMC-BD-2025-038 from Lotte Properties HCMC Company Limited. Accordingly, the company has terminated the contract to implement the Smart Complex project (Thu Thiem Eco Smart City) in the 2A functional area, Thu Thiem New Urban Area.
The Thu Thiem Eco Smart City Smart City Smart Complex project is invested by Lotte Properties HCMC Company Limited under Lotte Group (Korea). The project has a total investment of VND 20,100 billion, built on a land area of 74,513 m2, of which the project development area is about 50,000 m2. Regarding land use structure, in 7.4 hectares, there are 1.4 hectares of residential land; 2.6 hectares of commercial and service land for lease; and 2.45 hectares of traffic land without land use fees.
According to the plan, the project consists of 11 towers with 5-50 floors, arranged into commercial, service and luxury apartments. The project is located in the most prime location in Thu Thiem. After the Ho Chi Minh City People's Committee issued a decision on land allocation and land lease, in early September 2022, Lotte Properties HCMC held a groundbreaking ceremony.
However, due to legal problems, the project has not been able to start construction. After 8 years since signing the investment contract and 3 years since the groundbreaking ceremony, the Thu Thiem Eco Smart City project still does not have a clear shape. See more...
Hung Yen is about to auction many land lots in October, starting from 16 million VND/m2
The Property Auction Service Center (Hung Yen Department of Justice) has just announced the auction of the right to use 26 residential land lots in the new residential area of the main road (location No. 02), Son Nam ward. The property was signed by the People's Committee of Son Nam Ward for auction service.
Specifically, location LK-02 has 23 plots of land including plots LK01, LK02, LK03, LK05, LK06, LK07, LK08 and from LK10 to LK25; location LK-03 has 3 plots of land including LK3.10, LK3.12, LK3.13.
The starting price is calculated per 1m2, including 5 levels: 17.39 million VND; 18.5 million VND; 20.35 million VND; 20.868 million VND and 24.42 million VND. There are 3 levels of deposit: 290 million VND; 390 million VND and 750 million VND. The fee for purchasing documents is 200,000 VND/mentistry.
The auction is a round of direct voting, according to the method of bidding up.
The auction documents are sold at the Property Auction Service Center from 8:30 a.m. on September 18, 2025 to 4:30 p.m. on October 1, 2025 (except for Saturday, Sunday and holidays).
The auction is scheduled to take place at 8:00 a.m. on October 5, 2025 (Sunday) at the Cultural House of the Hung Yen Provincial Labor Federation. See more...
2 commune-level administrative procedures for red books that have just been amended that people need to know
Hong Kong suspended for investor violations
HCMC - There is a situation where many people buy houses but have to wait for pink books because the investor builds without permission or builds on land that has not been handed over.
Nearly 100 townhouses in the Residential Area project in Thanh My Loi ward, invested by Trung Tien Construction Company Limited, have been completed by buyers and moved to live in for many years, but still do not have a certificate of house ownership (pink book).
On December 30, 2004, the Ho Chi Minh City People's Committee issued Decision No. 6600 to allocate land to Trung Tien Construction Company Limited to use a land area of 34,771 m2 in Thanh My Loi Ward to Phu Nhuan Housing Construction and Trading Company to invest in the construction of the main technical infrastructure of the residential area according to Decision No. 515.
Up to now, the investor has fulfilled its financial obligations, handed over the infrastructure to a specialized management agency... However, the issuance of pink books to home buyers has not been implemented.
The reason is that after checking and discovering that the project was not constructed by the investor, on June 1, 2023, the People's Committee of Thu Duc City previously issued Decision No. 5938 on the compulsory implementation of remedial measures. Accordingly, Trung Tien Construction Company Limited was forced to dismantle the illegal construction works, including: a wooden building with an area of 1,332.5 m2, a scale of 1 floor, with a structure of wooden columns, wooden beams, wooden walls, and tiled roofs; a swimming pool with an area of 400 m2 (built on 6 ground floors). See more...
