Hanoi’s Vice Chairman, Truong Viet Dung, has officially approved the allocation of 9,672.8 m² of land (Phase 1) in Thien Loc Commune to Trung Yen Investment and Trading Joint Stock Company. This land is designated for the development of the G19 New Urban Area project.
Over 2,000 m² of this land is earmarked for adjacent housing, with the state collecting land use fees. The remaining area is reserved for public amenities such as greenery, water bodies, and transportation infrastructure, which cannot be used for commercial purposes.
Trung Yen Investment and Trading Joint Stock Company is authorized to utilize the land for constructing facilities in accordance with the approved project timeline.
The company is responsible for the synchronized construction of all facilities as per the detailed planning and approved investment project. Upon completion, these facilities will be handed over to local authorities for management in compliance with current regulations.
The G19 New Urban Area is planned on a 26-hectare site, aiming to create a cohesive urban community with an estimated population of 4,440 residents.
The investment plan includes approximately 230 adjacent houses and villas ranging from 3 to 5 stories, along with three social housing towers of 10 to 30 stories, providing nearly 900 apartments. This initiative will significantly enhance the medium and long-term housing supply in the region.
Strategically located adjacent to the extended National Highway 5 (Hoang Sa Road) and the villages of Doai and Dong, the project is just 2 km from Vinhomes Co Loa.
The total investment for the project is estimated at nearly VND 2,200 billion, excluding compensation and resettlement support costs of approximately VND 244 billion. The project has a 50-year operational term and is expected to be completed by 2029.
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