3,790 residential units across Blocks R1, R2, R3, R4, and R5 in the 38.4-hectare Zone of the Thu Thiem New Urban Area, An Khanh Ward, Ho Chi Minh City.
|
The move by the two investors follows the Ho Chi Minh City People’s Committee’s issuance of Decision 738/QD-UBND on August 19, outlining the plan to auction 3,790 apartments in Blocks R1, R2, R3, R4, and R5 within the Thu Thiem New Urban Area, An Khanh Ward. Specifically, Blocks R1, R2, and R3 comprise 2,220 units, while Blocks R4 and R5 include 1,570 units, all designated for commercial housing purposes.
The Ho Chi Minh City People’s Committee has tasked the Department of Agriculture and Environment with overseeing relevant departments, agencies, and the An Khanh Ward People’s Committee in organizing the auction process.
The 38.4-hectare Binh Khanh Resettlement Area is part of the 12,500-unit program to serve the resettlement needs of the Thu Thiem Urban Area, completed in 2015. After constructing approximately 8,500 units, the city retained 2,924 units for resettlement and approved the auction of 3,790 units out of the remaining 5,626 to recover state capital.
As most residents affected by the Thu Thiem New Urban Area project opted for self-resettlement funds, very few units are currently occupied. Annually, the city spends tens of billions of VND on maintenance and management fees while awaiting resettlement arrangements. Over the past decade, the city has attempted to auction these 3,790 units four times, but there have been no buyers.
Regarding the two participating investors, SonKim Land, originally established as SonKim Investment and Development LLC in 1993 by the third generation of the Nguyen family, has a legacy spanning two centuries across manufacturing, retail, and real estate. The real estate division was later spun off and developed into SonKim Land.
As for KSF’s joint venture partner, DIA Investment Corporation was founded on June 24, 2005, with its headquarters at Lot C21-12, Dan Phuong High-End Eco-Urban Area, Dan Phuong Commune, Hanoi.
As of September 2023, DIA Investment had a charter capital of 1,288 billion VND, with Mr. Nguyen Vu Bang serving as Chairman of the Board and legal representative. In early 2024, this role was transferred to Mr. Le Van Khoi. The charter capital increased to 1,989 billion VND in May 2024 and further to 2,250 billion VND by the end of 2024. Currently, the legal representative of DIA Investment is Chairman of the Board Quach Hong Viet.
According to the company’s website, DIA Investment specializes in industrial zone and urban area infrastructure development and business. Notable projects include the 35.2-hectare Phung Township Industrial Cluster (Dan Phuong District), the 41.6-hectare Ha Binh Phuong Industrial Cluster (Thuong Tin District), and the nearly 45-hectare Dan Phuong High-End Eco-Urban Area.
In April 2025, the Hanoi People’s Committee issued a decision allocating over 38,500 square meters of land (Phase 2) to DIA Investment Corporation for the Sunshine Grand Capital New Lifestyle Urban Area project. With a total investment of nearly 14,000 billion VND, the project received its investment decision in March 2018, with an adjusted timeline in December 2023, and is expected to be completed in Q4 2029.
– 12:17 17/09/2025
Exciting News for Dong Nai and Ho Chi Minh City Residents: The 18.8 Trillion VND, 11km-Long Cat Lai Bridge Set to Begin Construction in 2026
The province of Dong Nai aims to commence construction on the Cat Lai Bridge project in 2026, with the goal of completing and launching operations by the end of 2028.
The 826 EC: Southern Ho Chi Minh City’s Premier Hub for Entertainment and Luxury Living
With a synchronized development strategy spanning from infrastructure to community activities, The 826 EC Urban Complex is emerging as the premier commercial, entertainment, and residential hub in the southern region of Ho Chi Minh City.
The Saigon Riverside Avenue: The New Lifeline of Ho Chi Minh City’s Northeast
The Saigon Riverside Route, stretching from National Highway 13 to Vinh Phu 40, has been approved for a transformative upgrade, expanding to a width of 32 meters. With a total investment of 5 trillion VND, this project is set to unfold between 2025 and 2030. Anticipated as the “new lifeline” of Ho Chi Minh City’s Northeast region, it promises to usher in an era of modern riverside urban development.
Luxury Apartments & Diamond Sky Mall: Limited Units, Unlimited Value
Diamond Sky transcends the ordinary, offering more than just a luxurious apartment tower. It embodies the essence of true opulence, where sophistication lies not in ostentation, but in the meticulous craftsmanship that elevates the art of living.
Sunshine Group Consortium Officially Requests HCMC People’s Committee to Auction 3,790 Thu Thiem Resettlement Apartments, Preceding SonKim Land
Sunshine Group and DIA Investment Joint Stock Company have jointly submitted a proposal to participate in the auction for 3,790 apartments across plots R1, R2, R3, R4, and R5 in An Khánh Ward, Ho Chi Minh City.
