Three projects including Bach Dat Urban Area, 7B expansion, Hera Complex Riverside in Dien Nam - Dien Ngoc New Urban Area (Dien Ban town, Quang Nam province), invested by Bach Dat An Joint Stock Company, which was once involved in the biggest real estate dispute in the Central region, are still in a state of "inaction".
Rusty machinery lies dormant in the largest real estate dispute project in the Central region
Wednesday, March 12, 2025 08:13 AM (GMT+7)
Three projects including Bach Dat Urban Area, 7B expansion, Hera Complex Riverside in Dien Nam - Dien Ngoc New Urban Area (Dien Ban town, Quang Nam province), invested by Bach Dat An Joint Stock Company, which were once involved in the biggest real estate dispute in the Central region, are still in a state of "inaction".
At the recent citizen reception, the leader of Quang Nam province said that 3 urban area projects including Bach Dat, 7B expansion, Hera Complex Riverside in Dien Nam - Dien Ngoc New Urban Area (Dien Ban town) invested by Bach Dat An Joint Stock Company have been allowed by the province to extend the implementation progress until 2025.
According to the leaders of Quang Nam province, the project implementation progress is divided based on the needs and proposals of the investor to speed up the implementation progress, but must ensure synchronization, infrastructure connection, compliance with planning, and conditions.
The investor promised to submit to the Provincial People's Committee the project investment phase in March 2025. If this phase ensures the conditions according to regulations, the Provincial People's Committee will accept it for implementation.
It is known that these are three "scandalous" projects with disputes that have lasted for many years, with nearly 800 people depositing to buy nearly 1,000 plots of land in the above projects.
According to the reporter's records on March 11, the Hera Complex Riverside project - one of the three projects that have been involved in the biggest real estate dispute scandal in the Central region - is still in a state of "inaction".
Inside the 18-hectare land, everything is in disarray and unfinished.
Concrete blocks lie piled up day after day.
Rusty machinery lies dormant in the project area.
People graze cattle within the project area.
Inside the 7B project area of Bach Dat An Joint Stock Company, everything is still quiet.
After rumors of the merger of Quang Nam - Da Nang , real estate prices in these urban areas increased rapidly.
The 3 projects of 7B Urban Area Extension, Bach Dat Urban Area and Hera Complex Riverside Urban Area have a dispute between Bach Dat An Joint Stock Company (investor) and Hoang Nhat Nam Investment Joint Stock Company (broker). This is considered the largest real estate dispute in the Central region with about 1,100 plots of land sold, earning about 700 billion VND.
After many trials from the first instance to the appeal, the People's Courts at all levels rejected the lawsuit of Bach Dat An Joint Stock Company, forcing this enterprise to continue to perform the contract, quickly implement the projects, and hand over land and red books to the people. However, to date, the investor has not yet handed over land and land use right certificates to customers who bought land at the project.
Writing
Source: https://danviet.vn/may-moc-hoen-gi-nam-im-lim-trong-du-an-tranh-chap-bat-dong-san-lon-nhat-mien-trung-2025031115020197.htm
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