Danang: 1 project
On November 24, the Danang Department of Construction announced that all 1,112 apartments in the high-rise apartment, commercial office, and residential project named The Estuary met the conditions for business operations.
The project, with a commercial name of The Estuary, spans an area of 18,296m2 and a total investment of VND 2,300 billion. It comprises two 39-story apartment towers with units ranging from 47-101 m2. The developer is CTCP Phat Trien Nha Tuyen Son. The apartments are rumored to be priced at over VND 60 million per m2.
Currently, the developer has mortgaged the project at BIDV. According to the Department of Construction, before signing sales contracts with customers, the developer must release the mortgage on part or all of the project or the houses and land use rights.
Construction progress of The Estuary project in Danang as of late October 2024
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Can Tho: 1 project
On November 14, the Can Tho Department of Construction announced that all 925 land plots with technical infrastructure in the Nam Long 2 Residential Area project in lot 9A of the new urban area of Nam Can Tho in Cai Rang district met the conditions for business operations.
The project covers an area of over 10.8 hectares and includes 125 street-front linked houses, 651 garden-linked houses, 43 twin villas, and 106 single villas. The developer is CTCP Dau Tu Nam Long (HOSE: NLG) – Can Tho Branch.
Ha Nam: 2 projects
On November 22, the Ha Nam Department of Construction announced that 11 commercial houses in the future at Lot LK1.3 met the conditions for sale and lease-purchase in the project for constructing social housing in the general plan of the Trade Union’s institutional area.
The project is located in Dong Van ward, Duy Tien town, and is developed by CTCP Arita. It comprises four social housing apartment buildings with a total area of 10,769m2, providing 708 units for sale and 202 units for rent or lease-purchase. There are also 29 commercial houses for sale, with each unit occupying an area of approximately 90m2. The project is scheduled for completion between 2022 and 2025.
Earlier, on November 21, 48 commercial houses with an attached business service function in the project for constructing residential and commercial areas in Tan Thanh town, Thanh Liem district, met the conditions for sale and lease-purchase of houses to be formed in the future.
The project is developed by Tan Thanh Urban Development and Investment Joint Stock Company, covering an area of over 11.9 hectares. It includes social infrastructure such as a cultural house and a kindergarten, along with 48 street-front linked houses along T4 road (the main 68m-wide road) with a land area of 7,027m2 and a height of four stories.
Currently, the developer has mortgaged all 320 land plots and assets attached to the land plots in the project (including the 48 land plots for constructing commercial houses) at VietinBank (HOSE: CTG). The Department of Construction requires the developer to release the mortgage and provide customers with a notice of the house meeting the conditions for sale and a mortgage release notice before signing capital contribution agreements, sales contracts, or lease-purchase agreements with customers.
Hai Phong: 1 project
According to a November 26 announcement by the Hai Phong Provincial Department of Construction, 89 commercial houses to be formed in the future met the conditions for business operations in the project for constructing an amusement area, houses, and an eco-park on Vu Yen Island (phase 7) in Dong Hai 1 ward, Hai An district, Thuy Trieu ward, Thuy Nguyen district, and May Chai ward, Ngo Quyen district. The developer is Vingroup Joint Stock Company (HOSE: VIC)
The project covers an area of approximately 869.5 hectares and includes a 36-hole golf course (nearly 160 hectares), a residential area with 8,334 lots of villas and linked houses (136.3 hectares), and a population of about 33,336 people. Additionally, there is a social housing area spanning 47.3 hectares. The total investment amounts to over VND 44 trillion.
 Overview of the project on Vu Yen Island
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Kien Giang: 2 projects
On November 19, the Kien Giang Provincial Department of Construction announced that 42 houses to be formed in the future met the conditions for sale and lease-purchase in the Mui Nai high-end resort project (phase 1) located in Ward 3, Ha Tien city.
The project covers an area of over 1.4 hectares and includes 30 linked houses and 35 villas developed by Enterland Investment and Development Joint Stock Company.
Also, in November, 12 four-story villas with land areas ranging from 210-318 m2 in Lot A5 of the Ha Tien New Urban Area project (phase 4) – another project by Enterland – met the conditions for sale and lease-purchase of houses to be formed in the future.
Lot A5 is located in Ward 3, Ha Tien city, with a land area of nearly 7 hectares. It comprises 176 linked houses, 44 villas, and other service constructions.
Quang Ninh: 1 project
On November 21, the Quang Ninh Department of Construction confirmed that 172 linked houses to be formed in the future in blocks LK33A, LK33B, LK33C, LK34A, LK34B, LK34C, LK35A, LK35B, and LK35C of the urban area south of Bac Luan II Bridge in Hai Hoa ward, Mong Cai city, met the conditions for sale and lease-purchase.
The project covers an area of nearly 44 hectares and includes 1,171 linked houses, 145 villas, and 20% of the area (nearly 2.9 hectares) allocated for social housing. The developer is Vinhomes Joint Stock Company (HOSE: VHM). The total investment amounts to VND 3,391 billion (excluding site clearance costs). The construction period is from 2022 to 2024.
Thai Nguyen: 1 project
On November 22, the Thai Nguyen Department of Construction announced that 44 separate houses in the Nam Thai urban area (an area of 24.68 hectares) in Ba Hang ward and Nam Tien ward, Pho Yen city, met the conditions for sale and lease-purchase of houses to be formed in the future.
The project is developed by FECON Pho Yen Joint Stock Company (a subsidiary of FECON – HOSE: FCN). It covers an area of 24.68 hectares and includes 554 land plots for linked houses, among which 227 plots are for houses with a completed exterior structure. The projected population is 9,320 people, and the total investment amounts to VND 2,097 billion. The construction period is from 2022 to 2026.
Currently, the 44 houses mentioned above have completed foundations, frames, columns, and beams up to the first floor, with some houses having completed the second and third floors. The developer expects to finish the project by May 2025.
At present, the developer has mortgaged the entire project and its assets at BIDV.
Tra Vinh: 1 project
On November 18, the Tra Vinh Department of Construction announced that 19 linked houses (phase 7) in the residential area project belonging to the political-administrative center and commercial-service area of Tra Vinh province met the conditions for business operations.
The project covers an area of over 9.2 hectares and includes 329 land plots (for linked and detached houses) with a maximum height of five stories. The developer is TNR Holdings Vietnam Real Estate Development and Investment Joint Stock Company. The total investment amounts to over VND 960 billion.
Thai Binh: 3 projects, including 1 social housing project
On November 19, the Thai Binh Department of Construction announced that there are 57 remaining social housing units for rent and 75 social housing units for sale in the social housing project in Zone C of Vu Phuc ward, Thai Binh city, developed by the Import-Export Investment Joint Stock Company.
The project includes two nine-story apartment buildings (without a basement) with social housing units ranging from 37-60m2 on floors 3 to 9, comprising 349 social housing units for sale, 80 social housing units for rent, 2 commercial service apartments, and 67 commercial houses for sale. According to the Department of Construction, 23 households have been assessed as eligible to rent the 57 social housing units.
On November 11, the Thai Binh Department of Construction announced that 369 low-rise land plots in the Nguyen Duc Canh commercial housing development project in Diêm Điền town, Thai Thuy district, met the conditions for sale of houses to be formed in the future.
The project covers an area of over 22.7 hectares and provides 536 linked houses and 80 villas. The total investment amounts to nearly VND 1,015 billion. The joint venture between Phu Hung Production Import Export Joint Stock Company and Lam Son Thai Binh Joint Stock Company is the developer.
In November, the Thai Binh Department of Construction also announced that 110 apartments in the commercial housing project at Le Hong Phong – Eden Garden in Le Hong Phong ward, Thai Binh city, met the conditions for sale of houses to be formed in the future.
The project covers an area of 9,407m2 and includes three 25-story buildings and two 30-story buildings, offering 680 apartments, 20 duplexes, and 26 commercial apartments, along with 20 low-rise linked houses and 12 resettlement houses. The total investment amounts to over VND 1,428 billion, and the developer is BIDGROUP Joint Stock Company.
 Eden Garden Project Perspective
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Bac Ninh: 1 social housing project
On November 18, the Bac Ninh Department of Construction posted information stating that the T1 and T2 buildings, comprising two buildings with a shared base and 11 stories, with a construction area of over 3,000 m2 and 258 social housing units and 70 commercial housing units, met the conditions for sale.
The tentative price of social housing ranges from VND 14.4-16.3 million per m2. Currently, the T1 and T2 buildings have completed foundations and technical infrastructure, and they are expected to be finished by mid-July 2025.
Binh Dinh: 3 social housing projects
On November 12, IEC Construction and Electromechanical Investment Joint Stock Company (the developer) announced the sale (phase 5) of 150 apartments in the social housing project within the general plan of the Trade Union’s institutional area in Binh Dinh province. The application period is from November 11 to December 11, 2024.
The project is located in CC09 of the Long Van urban area, Tran Quang Dieu ward, Quy Nhon city, covering an area of over 3.76 hectares. It comprises four 15-story buildings, providing nearly 1,500 apartments and 82 linked houses. The total investment amounts to over VND 1,100 billion. The proposed average selling price of social housing by the developer is approximately VND 11.6 million per m2 (excluding VAT and maintenance fees)
Also, in November, An Phu Thinh Development Investment Construction and Tourism Joint Stock Company announced the receipt of applications for the purchase of 30 social housing units in the An Phu Thinh social housing project (phase 14). The application period ends on November 25.
The An Phu Thinh social housing project is located in Lot B1-32 of the new urban area of An Phu Thinh, Nhon Binh ward, Quy Nhon city. It covers an area of over 11,735m2, with a land area of 9,391m2 allocated for social housing. The total investment amounts to over VND 681 billion. The project comprises three blocks of apartments with 740 units allowed for sale and 186 units for rent. The selling price of social housing is over VND 13.3 million per m2/month (excluding VAT).
On November 4, Ecohome Nhon Binh Joint Stock Company (the developer of the project) announced the receipt of applications for the purchase of social housing in the Ecohome Nhon Binh social housing project (phase 40), offering 13 units from November 4 to December 4, 2024. Ecohome Nhon Binh was inaugurated in 2020 on an area of over 4.6 hectares, comprising five buildings with a total of 1,380 apartments. The average selling price of social housing (including VAT and excluding maintenance fees) is nearly VND 12.1 million per m2.
Thanh Tu
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