The People’s Committee of Da Nang City on August 16 issued a document extending the land use duration by 24 months for the investment project of Eco-villa and Low-rise Office Park in An Hai Bac Ward, Son Tra District, implemented by Quoc Bao Joint Stock Company. The extension takes effect from August 16, 2024. The reason for the extension is that the land use progress is 24 months slower than the schedule specified in the investment project as per the Land Law 2013 and Decree 01/2017/ND-CP.
The People’s Committee also clarified that if the investor fails to put the land into use by the end of the extended period, the State will revoke the land without compensation for land and assets attached to the land, unless it is a case of force majeure.
It is known that the project of Eco-villa and Low-rise Office Park in An Hai Bac Ward by Quoc Bao Company was approved for land allocation by the People’s Committee of Da Nang City in 2008. The project has a total area of 30,091m2, including a 21-storey commercial center with an area of 7,712m2; an 8,415m2 21-storey office building; and a 2-3 storey villa area with an area of 13,964m2. The total investment capital of the project at that time was VND 350 billion.
However, up to now, the reality of the project shows that the site is still an empty land, located in a very advantageous position at the intersection of Ngo Quyen, Tran Thanh Tong, and Vuong Thua Vu Streets.
Project location. Source: Google Maps.
|
Quoc Bao Joint Stock Company was established in 2007, headquartered in Da Nang. In 2015, Mr. Ta Hong Phong (born in 1986) was the Chairman of the Board, and Mr. Dinh Huy Anh was the Director and legal representative. The charter capital was nearly VND 48 billion, in which the founding shareholders included Song Thu Joint Stock Company contributing 95%, Mr. Nguyen Duy Toan 3%, and Mr. Dang Viet Anh 2%. In January 2017, Mr. Vo Ngoc Cuong became the Chairman of the Board, and Mr. Nguyen Luong Hoang became the Director and legal representative. In March 2017, Mr. Cuong became the Chairman of the Board and the Director and legal representative. In mid-2020, the Company increased its charter capital to nearly VND 108 billion, which has remained unchanged until now.
In November 2021, a commercial bank branch in Da Nang sold the debt of Quoc Bao Company. The principal debt as of November 4, 2021, was more than VND 116 billion, and the interest debt as of the same date was nearly VND 81.3 billion. The secured assets are all property rights, present and future assets legally owned by Party B related to the project of Eco-villa and Low-rise Office Park at 247 Ngo Quyen, Son Tra District, Da Nang City; along with investment rights, management and operation rights, profits arising from business activities…
Mr. Vo Ngoc Cuong is also the Director and legal representative of Construction Joint Stock Company 586. The enterprise was established in 2007, headquartered in Ho Chi Minh City, with Mr. Vo Ngoc Chau as the Chairman of the Board. Regarding this enterprise, in 2008, the People’s Committee of Da Nang City also approved the land use boundary for the project of a complex of urban, commercial, and high-rise service areas in the Man Quang Bay urban area, covering two wards of Nai Hien Dong and Tho Quang, next to the Song Han Shipyard, with Construction Joint Stock Company 586 as the investor.
Accordingly, there are 9 land plots allocated for this project with a total area of up to 589,612m2. Of which, the land area for construction is 396,587m2, the land area for external traffic infrastructure built by the city is 91,218m2, the land area for internal traffic infrastructure built by the investor is 65,013m2, and the land area for the road leading to Thuan Phuoc Bridge is 36,794m2. The total investment capital for the project in 2008 was announced to be VND 5,000 – 7,000 billion.
Director of Danang Police Office tells the story of dismantling a loan-sharking ring worth VND 9,000 billion
On January 31st, Major General Vu Xuan Vien, Director of the Danang City Police Department, shared some information about the process of dismantling a large-scale loan-sharking ring worth 9,000 billion Vietnamese dong, led by a foreign national.
Danang demolishes “waiting-to-collapse” apartment buildings
Three apartment complexes that were allocated for rent by the Da Nang City Hall since 2001 are now severely deteriorated and in need of relocation.
Deawon Real Estate Joint Venture – Secures Prime A9 Vo Van Kiet Land in Da Nang for over 147 Million VND/m2
The Danang City People’s Committee has announced its decision to recognize the auction result for the land use rights of parcel A9 located on Vo Van Kiet street, An Hai Dong ward, Son Tra district.
Sun Cosmo Residence Da Nang Shines Bright with Luxury Offerings
As the most impressive project in the Da Nang real estate market in 2023, the high-end riverside real estate complex – Sun Cosmo Residence Da Nang continues to heat up with the unveiling of a unique product line with limited quantities for the elite class.
Earn millions of dollars a day by delivering Tet flowers, drivers take advantage of every day and night
The profession of renting out floral and plant transportation services helps many drivers earn a fortune, but this job only lasts about 10 days, so everyone is racing day and night to increase their income.
