Taseco Land "opens the door" to become the investor of a 3,200 billion VND project in Me Linh
The Me Linh New Urban Area project covers an area of nearly 41 hectares and will be home to about 5,060 people. The total investment capital of the project is more than 3,200 billion VND.
According to the Hanoi Department of Planning and Investment, Taseco Real Estate Investment JSC – Taseco Land is the only investor registered to implement the project to build the new Me Linh urban area in Me Linh and Van Khe communes, Me Linh district.
Notably, although the deadline for submitting documents has expired (the deadline is August 31), the Department has only recorded one registered entity to implement the project, Taseco Land. Thus, this enterprise has firmly grasped the opportunity to become the project investor.
The Me Linh new urban area covers an area of nearly 41 hectares and is expected to provide housing for about 5,060 people. When completed, the urban area will launch about 657 low-rise apartments and a social housing building with 809 apartments. In addition, the project also has 2 commercial service buildings with 3-9 floors, educational and medical facilities, cultural and sports centers, green trees and water surfaces, etc.
The project has a total investment capital of more than 3,200 billion VND, of which the project implementation cost is more than 2,900 billion VND, the rest is compensation cost, site clearance support, and resettlement.
The investment project's duration is 50 years, starting from the date the investor receives the State's decision to allocate land, decide to lease land, and decide to change the land use purpose. The project implementation progress lasts from 2024 to 2028.
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| Real estate projects are contributing to changing the face of Me Linh district. Photo: HUD Me Linh |
With the advantage of being adjacent to Noi Bai airport and having Ring Road 4 passing through, Me Linh district is becoming the destination of a series of large real estate projects. Some names that can be mentioned are Cienco 5 Me Linh, Diamond Park, HUD Me Linh, Ceo Me Linh, Tien Phong Me Linh urban area, Ha Phong urban area...
At the general meeting of shareholders held at the beginning of the year, Taseco Land's board of directors said that the company will continue to focus on implementing key projects in 2024, including project No. 4 - new urban area in the center of Thanh Hoa City; building NO1-T6 of project NO1-T6, T7 of the Diplomatic Corps (Hanoi); mixed-use commercial service building and Alacarte apartment building (Quang Ninh).
Not only that, Taseco Land also continues to seek good investment opportunities, research and develop land fund expansion, project fund in many potential localities in Hanoi, Hai Phong, Thai Nguyen, Bac Ninh, Bac Giang, Hung Yen...
In 2024, Taseco Land aims to achieve consolidated revenue of VND3,040 billion and after-tax profit of VND475 billion. However, after the first 6 months of the year, the company has only achieved about 30% of the revenue plan and less than 5% of the profit target.
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