The deadline for submitting proposals for the project in Zone 2, an urban area in Tien Phong district, Bac Giang province, officially ended on August 5, after a six-month extension. The extension was granted to allow more investors to access information and submit their applications, thereby increasing competition in the selection process.
Prior to the extension, only Taseco Land (TAL on UPCoM) had submitted a proposal and passed the preliminary evaluation of capabilities and experience.
The Zone 2 project will span 40.9 hectares of urban land in two communes in Bac Giang province, with a total investment of over VND 3,800 billion, including VND 101 billion for compensation and resettlement support. The project has been granted a 50-year license, with a 12-year term for land-attached houses and rough-built houses with completed facades.
The investor will construct 364 houses with a total land area of approximately 4.6 hectares, as well as high-rise apartment buildings on a nearly 1.8-hectare plot (CT) with a construction density of 35% and a height of 25 stories. The total floor area of the apartments is estimated to be around 15.6 hectares. The project will also include the development of a cemetery park on two separate plots (NT, CXCL) measuring 2.3 hectares and 2.7 hectares, respectively. The existing cemetery, which covers about 4,000 square meters, will be renovated and beautified.
In May, TAL partnered with Ngoc Toan Royal Island to register for a VND 800 billion project to develop a high-end urban area in Quan Hau, Quang Binh province.
 Planning for the construction of the urban area in Tien Phong and Dong Son communes. Source: yendung.bacgiang.gov.vn
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Taseco Land and D-Park register for two urban projects worth VND 5,300 billion in Bac Giang
Bac Giang province extends the registration deadline for several projects
In the aforementioned urban area, D-Park Group was the sole investor to register and qualify for Zone 1, covering the remaining 48.9 hectares of land. The project includes only 353 houses to be built on nearly 4 hectares of land.
Similar to Zone 2, Zone 1’s deadline was extended to April 10, 2024, for the same reason, but again, only D-Park Group expressed interest. The total investment in this project is estimated to exceed VND 1,400 billion.
Another project in Bac Giang city and Yen Dung district, the 15th urban area and the green strip of water in the master plan No. 2, was also extended by the Provincial Planning and Investment Department until August 5. Only Investment 379 resubmitted their application for this project, which has an investment value of over VND 1,100 billion.
The 5th urban area in Tan An town, Lao Ho commune, Yen Dung district, valued at VND 770 billion, was also extended by two months until May 17, 2024, but no new investors applied besides the previous applicant, Investment and Development of An Phat Yen Dung. Midland Real Estate and Investment Joint Stock Company remained the sole applicant during the extension period for the project of a new urban area in Hong Thai commune, Viet Yen district, Bac Giang province, with an investment of over VND 510 billion. These companies have all passed the preliminary evaluation of capabilities and experience.
In Yen Dung district, the 1st sub-area of the 4th urban area in Nham Bien town, with a total investment of approximately VND 540 billion, has been granted an extension until September 4, 2024, for submission of registration. Previously, only Investment and Development of Nham Bien registered and qualified for this project.
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