Real estate 24h: About to auction 3 plots of Thu Thiem golden land

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About to auction 3 plots of land in Thu Thiem, starting at more than 5,000 billion VND; Announcing the selling price of social housing in Dong Mai Industrial Park, Quang Ninh... are notable news in the past 24 hours.

About to auction 3 plots of land in Thu Thiem, starting price over VND 5,000 billion

The above information was announced by Mr. Nguyen Toan Thang - Director of the Department of Natural Resources and Environment of Ho Chi Minh City - at the regular socio-economic meeting in February, which took place on the morning of February 28.

Mr. Nguyen Toan Thang said that Ho Chi Minh City prioritizes auctioning backpacks of land 1-2, 1-3 and 3-5 in advance, with a total starting value of more than VND 5,000 billion according to the current land price list. The auction is expected to take place in the second quarter of 2025.

This land plot is located in the No. 1 and No. 3 functional areas of the Thu Thiem New Urban Area. See more

Announcing the selling price of social housing in Dong Mai Industrial Park, Quang Ninh

Nha o xa hoi KCN Dong Mai, thi xa Quang Yen. Anh: Trung tam Truyen thong tinh Quang Ninh
Social housing in Dong Mai Industrial Park, Quang Yen town. Photo: Quang Ninh Provincial Media Center.

The Dong Mai Industrial Park Workers and Experts Housing Area is invested by Viglacera Corporation, at Lot CT2 - Dong Mai Industrial Park Workers and Experts Housing Area, Dong Mai Ward, Quang Yen Town, Quang Ninh Province.

The scale of the project includes social housing and commercial housing. Of which, the social housing area has 980 apartments and 20 low-rise houses. Commercial housing has 72 low-rise houses.

In the project area, there are also kindergartens, public service areas, green parks, parking lots and technical infrastructure works. See more

Assessment of the real estate segment being developing, will make a strong breakthrough

Savills experts commented that the Vietnamese retail real estate market is in the development stage and has had a significant breakthrough.

Difficulty accessing capital, social housing projects behind schedule

The HQC Tan Huong social housing project is located in Tan Huong commune (Chau Thanh district, Tien Giang province), invested by Hoang Quan Real Estate Consulting - Trading - Service Joint Stock Company (hereinafter referred to as Hoang Quan Company). The project has a scale of 6.049 hectares, a total floor area of 205,395m2, including 3 areas: CN1, CN2 and CN3 with a total of 3,057 apartments.

Mr. Huu - a worker working at a company in Tan Huong Industrial Park (Chau Thanh district, Tien Giang province) - shared: "I intend to buy social housing because the price is suitable for my income. But when I came to see the reality show, I saw that the project was still unfinished, not knowing when it would be completed. If we spend money to buy but the house is not finished, where do we know? ".

Posing as a worker buying social housing, the reporter went to the HQC Tan Huong social housing project and was taken by staff here to visit the apartments and inform about the selling price.

Here, a woman claiming to be an employee of Hoang Quan Company said that the company is currently selling for 15,700,000 VND/m2. This price includes VAT.

Kho tiep can von, du an nha o xa hoi HQC Tan Huong nam tren dia ban xa Tan Huong (huyen Chau Thanh, tinh Tien Giang) hon 8 nam van chua hoan thien. Anh: Thanh Nhan
Difficult to access capital, the HQC Tan Huong social housing project located in Tan Huong commune (Chau Thanh district, Tien Giang province) has not been completed for more than 8 years. Photo: Thanh Nhan

According to the investigation of Lao Dong Newspaper reporters, the HQC Tan Huong social housing project started construction in 2016. However, it has been more than 8 years since the project has completed the construction of the technical infrastructure system and social infrastructure. Of the 3 areas of the project, only CN3 is currently being implemented. As for CN1 and CN2, on March 8, 2023, the People's Committee of Tien Giang province issued a document agreeing to revoke. See more

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