On September 24, the People’s Committee of Ca Mau Province approved the investment policy for a new urban housing project in Bao Son neighborhood, Ly Van Lam Ward. The project spans approximately 30.84 hectares and will be tendered to select investors in accordance with legal regulations.
The development offers a range of products and services, including villas, townhouses, and social housing, divided into three phases. Phase 1 focuses on technical infrastructure, parking, greenery, and commercial housing across 16 hectares, scheduled for completion within 24 months of contract signing.
Phase 2 involves technical infrastructure, sports facilities, and commercial housing on 15 hectares, to be completed within 12 months after Phase 1. Phase 3 includes social housing, educational and healthcare facilities, a commercial center, market, and remaining social infrastructure, with a 24-month timeline following Phase 2 completion.
Source: Ca Mau Provincial People’s Committee
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The total investment capital is 2.968 trillion VND, including over 378 billion VND for compensation, support, and resettlement. The selected investor must mobilize legal capital, with a minimum equity of 15% of the total investment, equivalent to more than 445 billion VND.
The project is set to be completed within 60 months from the contract signing date, with a 50-year operation period starting from the land allocation or lease decision.
Previously, on September 23, the Ca Mau Department of Agriculture and Environment submitted a proposal to the Provincial People’s Committee for the Provincial People’s Council to issue a list of pilot commercial housing projects through land use rights agreements, as per Resolution 171/2024/QH15 of the National Assembly and Decree 75/2025/NĐ-CP of the Government.
The proposed project is the Tan Thanh Urban Area in Tan Thanh Ward, covering over 211.1 hectares with a total investment of more than 52 trillion VND. The project is expected to be completed within 108 months from approval. The proposed investor is T&T Land Ca Mau LLC.
More localities pilot commercial housing projects under Resolution 171
– 16:25 26/09/2025
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