## Services
The winning bidder for the project is Cong Ty TNHH MTV Ngan Tin Quy Nhon (referred to as Ngan Tin Quy Nhon Company – a subsidiary of Cong Ty CP Tap Doan Dau Tu Ngan Tin) located in Group 3, Area 1, Ghềnh Ráng Ward, Quy Nhon City.
 Master plan of the Southwest Nhon Ly Urban Area. Photo: Binh Dinh Economic Zone Management Board.
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With a starting price of VND 537,436 billion, Ngan Tin Quy Nhon Company won the auction with a bid of VND 548,185 billion.
The winning bid is VND 10,749 billion higher than the starting price, achieving the goal set by the Binh Dinh Economic Zone Management Board in the approved auction plan for the land use right (expected revenue increase of 2% to 10% compared to the approved starting price, resulting in a 2% increase).
The Binh Dinh People’s Committee has instructed the Economic Zone Management Board, the Department of Planning and Investment, the Department of Construction, and related agencies and units to guide and urge Ngan Tin Quy Nhon Company to implement the project in accordance with regulations and ensure timely completion within 72 months from the date of the land allocation or lease decision.
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The Southwest Nhon Ly Urban Area project was approved for investment policy adjustment by the Binh Dinh Economic Zone Management Board on September 25, 2024, and was put up for auction on November 23, 2024.
The project is located in the master plan of the Nhon Hoi Tourism Urban Area (Sub-area 03), Nhon Hoi Economic Zone, Nhon Ly Commune, Quy Nhon City, with an area of over 21.3 hectares (including 5.9 hectares of residential land and over 1.7 hectares of commercial service land).
It is known that the total investment of the project will include a minimum capital investment (excluding the winning bid for land use right) of VND 2,264 billion, plus land use fees and rent paid once for the entire lease period based on the starting price of the land use right auction.
The project comprises 106 semi-detached houses with commercial services, 229 villas, and 300 social housing apartments. Additionally, it features a 9-story hotel and a 3-story auxiliary service building.
After five auction announcements for the land use right in 2024 (January 13, March 2, April 25, June 1, and July 27) and a reduction in the starting price of the asset from over VND 639.6 billion to VND 537,436 billion, Binh Dinh has finally found an investor for the Southwest Nhon Ly Urban Area project.
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Cong Ty CP Tap Doan Dau Tu Ngan Tin (Ngan Tin Group) was established in 2009 and has grown steadily over the past 15 years. The group has expanded its ecosystem with multiple subsidiaries, including TDG Global, which is listed on the Ho Chi Minh City Stock Exchange (HOSE: TDG). In Binh Dinh province, Ngan Tin Group is currently developing several projects, including the International Bãi Xép Beach Resort and Tourist Area project and the Residential Area 05 project in Cat Tien town, Phu Cat district. |
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