Long An Province is seeking at least VND11.1 trillion (US$457 million) of private funding for a large urban area project through a public-private partnership (PPP).
Cà Mau Provincial People''s Committee and T&T Group on Sunday officially started the construction of a new urban area with a total investment of more than VNĐ1 trillion (nearly US$41 million).
A suitable auction form for each type of property and more stringent sanctions are needed to prevent auction winners from walking away without buying as happened recently in the Thu Thiem New Urban Area, experts said.
Real estate developer Binh Minh Investment and Trading Company Limited has rejected the purchase of land at Thu Thiem New Urban Area, Thu Duc City, despite initially winning the bid for it at auction.
Commercial banks did not grant credit to four real estate businesses that won the auction of land use rights in the Thu Thiem new urban area, according to the State Bank of Vietnam.
Groundbreaking ceremonies for four key projects were launched on yesterday in Quang Ninh Province, marking the reopening of one of the pillar economies in Viet Nam after a long break due to COVID-19.
The HCM City People’s Committee has instructed the Department of Natural Resources and Environment to complete procedures required to auction 3,790 resettlement apartments in the Thu Thiem New Urban Area in Binh Khanh Ward, Thu Duc City.
The Vietnam Association of Architects has launched two architectural design contests for the commercial centre complex and the riverside landscape of the first phase of Cai Gia - Cat Ba Tourist Urban Area (Cat Ba Amatina).
Financed by conglomerate Vingroup, the part costs over VND2.93 billion (US$126 million). It covers a total area of 32.2ha in Cam Pha City, comprising commercial houses, schools and areas providing public services.
A number of provinces across the country are calling for investment in key real estate projects, attracting the attention of real estate businesses with strong capacity.