The Song Nhue Hotel is strategically located on prime real estate at 150 Tran Phu,
at the intersection of Tran Phu, Thanh Binh, and Phung Hung streets, in Ha Dong
Ward, Hanoi.
This 6,000-square-meter plot has been recently included in the list of sites
approved for commercial housing development. The site is expected to host the
Oriental Legend Ha Dong, a high-rise complex project with an investment of over
VND 2,400 billion.
As observed by our reporters, the Song Nhue Hotel site boasts a prime location,
with its main frontage on Tran Phu Street, just 300 meters from Van Quan Station
of the elevated railway.
The Oriental Legend Ha Dong project is introduced as an initiative of Song Nhue Hotel
Tourism Joint Stock Company (Song Nhue Company), the same company that owns Song
Nhue Hotel. Established in 2007, the company specializes in short-term
accommodation services.
Currently, the 5-story Song Nhue Hotel stands on this site, left abandoned for
several years.
Due to years of neglect, many parts of the Song Nhue Hotel have deteriorated and
fallen into disrepair.
A portion of the Song Nhue Hotel premises is currently being leased.
The 5-story abandoned hotel on the prime land of Ha Dong Ward will soon be demolished
to make way for a billion-dollar high-rise project.
Hanoi Approves 150 Sites for Commercial Housing Development
At the 25th meeting of the 16th term, the Hanoi People’s Council approved a list
of 150 land plots spanning over 690 hectares for pilot commercial housing
projects through negotiated land use rights agreements under National Assembly
Resolution No. 171/2024/QH15 dated November 30, 2024 (second phase). Among the 150
sites designated for commercial housing, several large-scale projects stand out,
including a residential area in Phuc Thinh Commune spanning over 36 hectares with
an investment of over VND 3,400 billion, a functional urban area in the former
Kim No Commune (now Vinh Thanh Commune) covering over 23 hectares with an
investment of more than VND 9,000 billion, and a complex of offices, hotels,
commercial centers, and apartments for sale in Hai Ba Trung Ward with an area of
over 1.8 hectares and an investment of VND 4,800 billion.
A Profitable Retreat: TIG Eyes Exit from Hungarian Subsidiary After Q2 Profits Plummet Nearly 90%
The Thang Long Investment Group JSC (HNX: TIG) has announced its decision to divest its entire stake in real estate firm REG in Hungary. This move comes amidst a sharp decline in second-quarter profits, plunging nearly 90% from the previous year’s figures to just over $3.3 million.
The Real Estate and Oil Stocks are Rocking the Boat
Kicking off the new trading week, domestic stocks regained their upward momentum, shrugging off profit-taking pressures on many large-cap stocks. Today, August 18th, saw the real estate and oil & gas sectors making waves and driving the market higher.
Stock Market Update: Mid and Small-Cap Stocks to Attract Investors’ Interest
The August 18th session concluded with a robust buying spree as investors sought to take advantage of discounted stock prices. For the upcoming August 19th trading day, we anticipate a shift in focus towards mid and small-cap stocks, presenting a strategic opportunity for savvy investors to diversify their portfolios and potentially capitalize on the momentum of these dynamic segments of the market.
Who is the Secret Company that Just Signed a Deal to Purchase TDC’s Land in Binh Duong Ward?
“TDC and Global Corp have signed an agreement for the transfer of residential properties in Lot E15, part of the TDC Hoa Loi residential project in Binh Duong Ward, Ho Chi Minh City. This seemingly low-key enterprise has caught the attention of many big players in the stock market, with its connections to major power players.”
The New Ho Chi Minh City: A Fresh Property Landscape with Condos Starting from VND 28-280 Million per square meter
The residential market has witnessed a significant shift with a wave of new project launches just two months after Ho Chi Minh City’s merger with Binh Duong and Ba Ria-Vung Tau. This move has effectively addressed the prolonged shortage of supply, offering a diverse range of options across the spectrum, from affordable to luxury segments. The launch prices of these new projects vary considerably, starting from VND 28 million to nearly VND 280 million per square meter.
