The new residential area project in Cau Quan urban area, Nong Cong district, Thanh Hoa province has a scale of about 10.57 hectares; population size of about 1,200 people; total estimated investment capital of 370.5 billion VND.
The People's Committee of Thanh Hoa province has just issued a decision approving the investment policy of a new residential area project in Cau Quan urban area, Nong Cong district, Thanh Hoa province. The project will be implemented in the form of bidding to select investors according to regulations.
The project is located in Trung Chinh commune, Nong Cong district, Thanh Hoa province. The project's operational objective is to create land for housing development, forming a new residential area with synchronous technical infrastructure and social infrastructure; contributing to promoting socio -economic development of Nong Cong district and increasing revenue for the state budget.
The project scale is expected to be about 10.57 hectares. The preliminary housing product structure includes 215 houses. Of which, the number of adjacent houses is 165 lots, including 52 rough construction and front finishing, 113 lots of land with land use rights transferred in the form of subdivision and sale of land plots at the project.
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Number of houses, villas: 34 lots, of which 9 are built rough and finished in front, 25 lots are transferred land use rights in the form of subdivision and sale of land plots in the project. Number of resettlement land: 16 lots, resettlement land area: 1.7 ha.
The project's population is expected to be about 1,200 people. The project does not fall under the category of having to allocate land for social housing development.
The total investment capital of the project is estimated at about 370.5 billion VND. Of which, the total preliminary cost of project implementation (excluding compensation for site clearance) is over 337.3 billion VND; the preliminary cost of compensation for site clearance is over 33.2 billion VND.
According to Vice Chairman of Thanh Hoa Provincial People's Committee Mai Xuan Liem, the investment capital of the above project is only estimated, serving as a basis for organizing the selection of investors according to regulations and is not used to calculate land use fees, land rent and financial obligations of investors selected to implement the project. "The determination of land use fees and land rent of the project is carried out according to the provisions of the law on land", Vice Chairman Mai Xuan Liem added.
It is known that in this project, home buyers with land use rights are entitled to use the land stably and permanently according to the law. The project implementation progress will not exceed 3 years from the date of approval of the investor selection results or investor approval, expected from the second quarter of 2024 to the second quarter of 2027.
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