The People’s Committee of Khanh Hoa Province has recently approved the selection of investors for the new Cam Lam urban area project.
The winning bidder for this project is the Cam Lam New Urban Company, a joint venture between Vinhomes JSC, Phat Dat Real Estate Development and Investment JSC, Truong Loc Real Estate Development and Investment Company Ltd., Green City Trading and Construction JSC, and Phu Tho Land JSC.
The new Cam Lam urban area will span 10,400 hectares in Cam Lam district and part of Cam Ranh city. The preliminary investment for the project is estimated at VND 260,200 billion (over USD 10 billion), excluding compensation and resettlement support costs of about VND 25,000 billion.
In addition to the above-mentioned project, the corporation of billionaire Pham Nhat Vuong is also expediting the implementation of the Cam Ranh Bay Urban Area project, located in Cam Ranh city.
To date, the investor has completed the procedures and obtained approval for the detailed planning of the entire project. The joint venture has also completed the environmental impact assessment report. They are now in the process of finalizing the feasibility study report for some components and focusing on compensation and site clearance in priority areas to meet the scheduled commencement date.
The Cam Ranh Bay Urban Area covers approximately 1,250 hectares and is divided into three zones. The total investment capital for this project is estimated at VND 85,300 billion (USD 3.5 billion), excluding compensation and resettlement support costs. The project is jointly developed by Cam Ranh Investment JSC, Vinhomes JSC, and Vines Energy Solutions JSC.
In early June, the leadership of the People’s Committee of Khanh Hoa province held a meeting with departments, sectors, and localities to review the progress of urban area projects in Cam Lam district and Cam Ranh city.
At the meeting, the provincial People’s Committee directed the localities to expedite compensation, support, and resettlement for the projects in their respective areas. For the Cam Ranh Bay Urban Area project, by June 30, the priority area for site clearance must be finalized to allow the investor to proceed with obtaining construction permits and preparing for the planned commencement.
Addressing Relocation Concerns: The Case of Dong Nai’s 81-Hectare Land for Long Thanh Airport Project.
The Residential and Resettlement Area of Binh Son, which falls under the Land Recovery Project for the Long Thanh International Airport, spans over 81 hectares of land.
The Ninety Complex: A Prestigious Address for Business Suites
The heart of the city has always been the epicenter of growth and real estate value appreciation. This is a proven fact in the history of urban development. The Ninety Complex presents a rare opportunity to own prime real estate in the very core of the urban center, where the supply is almost absolutely limited, and property values will continue to accumulate over time.
“Cautious Selling by Individuals and Foreign Institutions, Proprietary Traders Seize the Opportunity to Accumulate Positions”
The VN-Index continued its upward trajectory, with a notable net buying figure of 809.2 billion VND, of which 785.1 billion VND was matched orders.
The New Generation of Resort Real Estate: Where Cash Flows Freely and Value Grows Exponentially
As the real estate investment landscape undergoes a period of stagnation, a new era of property investment is emerging. This new wave focuses on unlocking the potential of capital, steering away from stagnant investments. In the coastal city of Tuy Hoa, Phu Yen, HTL Seaside stands as an exemplary embodiment of this evolving trend.
The New Housing Boom: Accelerating Social Housing in Khanh Hoa
“Khanh Hoa accelerates the deployment of the Government’s 1 million social housing scheme with the approval of the detailed planning proposal for the Hung Phu II Social Housing Project.”
