On 02/02/2024, the People’s Committee of Binh Dinh province approved the plan to auction the land use rights for the implementation of a commercial apartment complex project along Huynh Tan Phat Street, Dong Da Ward, Quy Nhon City, Binh Dinh province.
Accordingly, the auctioned land has an area of ​​1,556 m2, including approximately 934 m2 of land for construction works and over 622 m2 for parks, green trees, and internal transportation infrastructure around the project. The project has a maximum building scale of 2 basement levels and a maximum of 18 above-ground levels (excluding technical floors and staircases).
The project implementation cost is nearly 237 billion VND (excluding land use fees and land rental fees). The land use period (the duration of the project operation) is 50 years, and the buyers of apartments attached to land use rights can enjoy long-term stable land use.
The project implementation duration is 48 months. Specifically, within 12 months from the date of the Provincial People’s Committee’s decision to acknowledge the auction results of the land use rights, the investor must complete the investment preparation procedures in accordance with the current regulations in order to start the construction of project items. The construction period of the project works shall not exceed 36 months from the date of issuance of the construction permit.
Illustration of the Huynh Tan Phat commercial apartment project.
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Also on 02/02, the Provincial People’s Committee issued a plan to auction the leased land use rights for two land areas, including an area for the construction of a commercial service area in plot DV1 of the Long Van New Urban Area project, Tran Quang Dieu Ward, and an area for the construction of a Market in land plot B1-62 of the An Phu Thinh New Urban Area, Nhon Binh Ward. Both projects are located in Quy Nhon City, Binh Dinh province.
For the commercial service area project at plot DV1, the auctioned land area is over 2,181 m2, with a minimum investment capital of 85 billion VND.
The land is designated for commercial and service purposes, with a building density less than or equal to 50%. The mandatory setback from the red line boundaries of the following roads is: N14 road, 5 meters or more; DT.638 road, 5 meters or more; D3 road, 5 meters or more. The number of floors for construction ranges from 5 to 7 floors.
The project implementation duration is 30 months. Specifically, within 6 months from the date of the Provincial People’s Committee’s decision to acknowledge the auction results of the land use rights, the investor must complete the investment preparation procedures in accordance with the current regulations in order to start the construction of project items. The construction period of the project works shall not exceed 24 months from the date of issuance of the construction permit.
The project’s objective is to build a commercial service area that serves as a highlight along DT638 route and contributes to the urban landscape, urban improvement, efficient land utilization, and the connection of technical infrastructure and social infrastructure in the area.
As for the Market construction project in land plot B1-62, it has an area of ​​3,703 m2. The minimum investment capital required to implement the project is 43.5 billion VND.
The project completion duration shall not exceed 24 months from the date of the Provincial People’s Committee’s decision to acknowledge the auction results of the land use rights.
The land is designated for the construction of a market, with a building density of 40%. The setback for the construction works is 6 meters from the red line boundaries.
The project meets the standards for a Grade 2 market according to TCVN 9211:2012, Market – Design and Construction Standards, with a 3-story building and a land use coefficient of 1.2 times. When completed, it will meet the trading, goods exchange, shopping needs of the residents in the urban area and Nhon Binh Ward; ensure security and order, fire and explosion prevention, and environmental sanitation.
Both land areas are used as State-leased land, with one-time land rental fees for the entire 50-year lease period, through the form of auctioning the land use rights.
Location of the land area for the Market construction project in plot B1-62.
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