Phu Gia Company continues to win the auction of a trillion-dollar project in Binh Dinh

After winning the tourist area project with a total investment of over 2,500 billion VND, Phu Gia Infrastructure Development Investment Joint Stock Company continued to win the Residential, Service andEducation Area Project west of Tay Son Street worth over 1,700 billion VND.

Phu Gia Company continues to win the auction of a trillion-dollar project in Binh Dinh

After winning the tourist area project with a total investment of over 2,500 billion VND, Phu Gia Infrastructure Development Investment Joint Stock Company continued to win the Residential, Service and Education Area Project west of Tay Son Street worth over 1,700 billion VND.

Planning of Residential, Service and Education Area Project West of Tay Son Street.

On December 23, 2024, the People's Committee of Binh Dinh province issued a decision to recognize the auction results of the land use rights of the Residential, Service and Education Area west of Tay Son Street, Quang Trung Ward, Quy Nhon City.

Phu Gia Infrastructure Development Investment Joint Stock Company is a recognized enterprise with a winning auction price of more than 586 billion VND, nearly 28 billion VND higher than the starting price (the starting price was more than 558 billion VND).

It is known that the auctioned land belongs to the Binh Dinh Transport Vocational Training Center and adjacent areas. The land area is more than 6.3 hectares, of which the land area for building adjacent houses is more than 2.5 hectares; the land for commercial and service works is more than 0.4 hectares...

The project scale includes 238 adjacent residential lots (investors must build the rough construction and complete the exterior, maximum height of 4 floors); construct commercial service buildings for tourism activities, office business (maximum height of 5 floors).

The land for the project is located in the Binh Dinh Transport Vocational Training Center, adjacent to two social housing projects of Tan Dai Minh Investment Company Limited (Lamer 1 and 2). Photo: Nguyen Gia.

The project implementation cost is 1,144 billion VND (excluding land use fees for winning the land use right auction). The project implementation progress is within 48 months from the date of the decision to recognize the auction results or approve the investor.

Although it was only established on November 4, 2024, Phu Gia Infrastructure Development Investment Joint Stock Company has consecutively won the auction of 2 land plots to implement a trillion-VND project in Binh Dinh province. These two plots were both organized by the Property Auction Service Center (under the Department of Justice of Binh Dinh province) on December 21, 2024.

Previously, on December 22, 2024, the People's Committee of Binh Dinh province recognized Phu Gia Infrastructure Development Investment Joint Stock Company as the winning enterprise in the auction of Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Tourist Area located in Nhon Hoi Economic Zone.

This company won the auction with a total amount of more than 368.8 billion VND (starting price of more than 347.9 billion VND). Project Point No. 2 (2-2), Nhon Ly - Cat Tien Beach Resort has a total minimum investment capital of more than 2,215 billion VND (excluding land use fees).

According to research, the main shareholder contributing capital to establish Phu Gia Infrastructure Development Investment Joint Stock Company is HVR Investment Joint Stock Company, in addition to 2 other individuals, including Mr. Nguyen Dinh Duy, representative and General Director of Phu Gia.

HVR Investment Joint Stock Company was established in November 2018, located at Tran Bach Dang Street, Thu Thiem Ward, Thu Duc City, Ho Chi Minh City. HVR Investment Joint Stock Company is currently one of the shareholders holding over 1% of capital at Orient Commercial Joint Stock Bank (OCB) with a ratio of 3.85% and is the predecessor of Huong Viet Real Estate Joint Stock Company.

Source: https://baodautu.vn/batdongsan/cong-ty-phu-gia-tiep-tuc-trung-dau-gia-du-an-nghin-ty-tai-binh-dinh-d234578.html