Approval of investment policy for real estate project of nearly 50 hectares

Binh Duong Provincial People's Committee has just issued a decision approving the investment policy and approving the investor to implement the One World Construction Investment Project (also known as the Hoa Lan project).

This is one of the projects located in Thuan Giao ward, Thuan An city, right at the gateway to Thu Dau Mot city (Binh Duong province) invested by Kim Oanh Investment and Development Joint Stock Company ( Ho Chi Minh city).

According to research, the project has a scale of nearly 50 hectares and Binh Duong province has approved the project investment policy with a capital of more than 14,000,000 billion VND (fourteen thousand billion VND).

Of which, the capital contributed for implementation is more than 2,000 billion VND, capital mobilized from banks is more than 2,600 billion VND and capital mobilized from organizations and individuals is more than 9,000 billion VND. The project implementation period is 50 years.

The project area of nearly 50 hectares has just been approved for investment by the People's Committee of Binh Duong province. (Photo: AT).

It is known that the investor of the above project aims to build a high-class urban area combining housing and commercial, educational , and entertainment facilities with a synchronous infrastructure system.

With a population of more than 19,000 people, including many projects such as mixed-use apartments, commercial townhouses, townhouses, villas... In particular, the above project also allocates a land fund of more than 47,000m2 to build social housing apartments for more than 800 people. The investor representative said that this unit will deploy the construction and development of the project in 2024.

According to Nguoi Dua Tin 's investigation, in 2023, in Thuan Giao ward (Thuan An city), Binh Duong Provincial People's Committee also issued a decision approving the investment policy and accepting investors for the Thuan An 1 and 2 high-rise complex housing project at Hoa Lan 1 residential area (Thuan Giao ward, Thuan An city, Binh Duong province).

Nguyen Thi Minh Khai Street in Thuan An City is currently seeing a series of "huge" projects. (Photo: PS).

According to the decision, the Thuan An 1 high-rise complex housing project is about 18,000m2, with a population of about 3,811 people, a maximum height of 39 floors (3-4 basements), and about 3,133 apartments.

Thuan An 2 high-rise complex housing area of 26,000m2, population size of about 3,985 people, maximum height of 39 floors (3-4 basements), about 3,500 apartments and 17 townhouses with maximum 5 floors.

It is known that the Thuan An 1 high-rise residential complex project was approved by Binh Duong for investment by Thien Long Real Estate Investment and Development Joint Stock Company. This company was granted Business Registration Certificate No. 3703021584, first registered on December 9, 2021, second change on June 7, 2022.

The company is headed by Mr. Nguyen Ngoc Huy as General Director, located at 352, XM2 Street, Zone 3, Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province.

The land is approved to build 2 projects (photo PS).

Thuan An 2 high-rise complex residential area by Hoa Phu High-rise Building Investment and Development Joint Stock Company with Mr. Vu Xuan Yen as General Director, located at No. 352, XM2 Street, Zone 3 (Hoa Phu Ward, Thu Dau Mot City, Binh Duong Province).

The Thuan An 1 high-rise complex housing project has a total estimated capital of more than 6,000 billion VND, of which the capital contributed to implement the project is more than 1,000 billion VND (accounting for 20%), and the loan capital and mobilized capital from customers is more than 4,000 billion VND (accounting for 80% of the investment capital).

Of which, Thien Long Real Estate Investment and Building Development Joint Stock Company contributed capital to the project with more than 1,200 billion VND.

The two companies approved in principle are in the ecosystem of subsidiaries and joint ventures of Phat Dat Real Estate Development Joint Stock Company (stock code: PDR).

Source: https://www.nguoiduatin.vn/binh-duong-chap-thuan-chu-truong-dau-tu-du-an-bat-dong-san-gan-50ha-a645492.html