Which project will be sold “on paper” in the first month of 2024?

In January 2024, statistics from the local Construction Departments show that there are 4 provinces that have announced qualified housing projects to be developed in the future, including Da Nang, Nghe An, Quang Ninh, and Hung Yen.

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Danang 2 projects

On January 17th, the Department of Construction of Danang announced that 2 commercial apartment buildings in the future at The Filmore apartment project meet the conditions for sale according to regulations (phase 16).

Accordingly, The Filmore apartment project has 87 eligible apartments for sale in the future after 16 phases.

The project is located in block B1-1-8, zone B1-1, Binh Thuan ward, Hai Chau district, Danang. The project has a scale of 25 floors and 3 basements, including 206 apartments with an area of 0.15 ha.

By the end of October 2023, the project had completed 82% of the total progress, with the walls built to 98%.

According to research, the price of apartments in this project reaches 100 million VND/m2. With an area ranging from 48 – 125 m2 per unit, the estimated price per unit ranges from 4.8 – 12.5 billion VND.

Rendering of The Filmore apartment project in Danang

Also in January, the Department of Construction of Danang announced that 300 apartments at the P.A Tower Hotel and Apartment Complex project (commercial name Risemount Apartment Danang) in lot A2-1, Nhu Nguyet street, Thuan Phuoc ward, Hai Chau district met the conditions for sale in the future as commercial homes, and PAVNC Joint Stock Company is the project’s investor.

According to the introduction of the project owner, the P.A Tower Hotel and Apartment Complex is built on a scale of two 29-story towers and two basements. It consists of 299 condotels and 300 high-end apartments, with a total investment of 1,800 billion VND.

Currently, the investor is mortgaging the future land use rights and assets of the project at Viet A Commercial Joint Stock Bank (UPCoM: VAB) – Danang branch.

The Department of Construction said that in the case PAVNC signs a sales contract for homes formed in the future with advance payments from home buyers, PAVNC must attach documents proving that the dispute has been settled or a consensus agreement between the home buyer and the mortgagor on the fact of no dispute and the right to buy and sell homes there. PAVNC also needs to send the Department of Construction textual notification that the homes formed in the future meet the conditions for sale before signing the sales contract for homes formed in the future according to regulations.

In October 2023, the Department of Planning and Investment of Danang imposed a fine of 85 million VND on PAVNC for not complying with progress at the above project.

Project P.A Tower Hotel and Apartment Complex ( commercial name Risemount Apartment Danang)

Nghệ An 1 project

In the first month of 2024, the Department of Construction of Nghệ An province announced 4 apartments (phase 1) and 2 apartments (phase 2) at the CCU2 high-rise residential building (commercial name 389 Dream Home Apartments) in the new residential area of Yen Hoa, Quan Bau ward, Vinh City developed by 389 Investment and Commercial Construction Joint Stock Company meet the conditions for sale in the future.

According to the introduction from the project owner, 389 Dream Home Apartments has an area of 2,729 m2, including a 26-story high-rise building and 1 basement floor.

According to research, the price of apartments in this project ranges from 18 – 21 million VND/m2. With an area ranging from 51 – 81 m2, the estimated price per unit ranges from 1 – 1.7 billion VND.

Rendering of 389 Dream Home Apartments

Quang Ninh 2 projects

On January 4th, the Department of Construction of Quang Ninh province announced 334 apartments in social housing at the social housing project in Ngan Hang Hill residential area, Hong Hai ward and Cao Thang ward, Ha Long city. The project was developed by the Joint Venture between Global Financial Investment and Consultancy Joint Stock Company and 6th Housing and Development Joint Stock Company (UPCoM: HD6), and the units meet the conditions for sale in the future.

The project covers an area of 25,900 m2, with 3 residential buildings, including 2 19-story towers and 1 17-story tower. The total investment capital is about 1,361 billion VND.

The construction period of the project is expected to last from the first quarter of 2023 to the fourth quarter of 2025, with completion and handover for use in the first quarter of 2026.

Rendering of Social Housing Project at Ngan Hang Hill – Ha Long City

Also in January, the Department of Construction of Quang Ninh province issued a notice stating that 44 homes formed in the future in the high-end villa area in Bai Chay ward, Ha Long city are qualified for sale and rent by the investment of Syrena Vietnam Development Joint Stock Company.

The project covers an area of about 55,591 m2, including 30,820 m2 of high-end villa land, 1,166 m2 of public service land, 14,545 m2 of greenery, water surface, and the rest is transportation land and technical infrastructure.

Syrena Vietnam was established in 2008 and is a member of the Bim Group. The Chairman of the Board of Directors of Syrena Vietnam is Mr. Doan Quoc Viet, who is also the Chairman of Bim Group.

Hung Yen 2 social housing projects are for sale

On January 11th, Hung Yen Construction Investment Corporation – the investor of the low-income social housing project in Hien Nam ward, Hung Yen City, sent a notice to the Department of Construction of Hung Yen province about the sale of 1 social housing unit in this project.

Accordingly, customers who are interested in buying can submit their applications to the Sales Office of the investor or submit them to the Department of Construction of Hung Yen province from January 12th to February 12th, 2024.

On January 23rd, Lach Hong Phuc Investment and Construction Joint Stock Company also sent a notice to the Department of Construction of Hung Yen province about the sale of 12 social housing units in Lach Hong Phuc high-end villa and commercial housing investment project from January 23rd to February 23rd, 2024.

Two days later, on January 25th, Lach Hong Phuc Company continued to announce the sale of 33 social housing units at the above address from January 25th to February 24th, 2024.

Thanh Tu

SOURCEvietstock
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