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1-Investor:
Thu Thiem Investment and Development Company Limited
(IDC Thu Thiem)
852 Xo Viet Nghe Tinh Street, Binh Thanh District
HCM City, Vietnam
Tel: 84-8-5563550. Fax: 84-8-5563551
Email: thaianh-nrc@hcm.fpt.vn
2-Objective:
Building condominiums for resettlement of people relocated for the development of the Thu Thiem New Urban Center. The construction area is 62.3 ha (69% of the land area). The remaining land (27.9 ha or 21%) will be put up for auction to call for foreign investment.
3-Location:
In An Phu Ward of District 2, HCM City
-In the north: Borders the planned HCM City-Long Thanh-Dau Giay Expressway
-In the south: Borders Giong Ong To Canal
-In the east: borders Do Xuan Hop Road
-In the west: Borders Ba Vat Canal
4-Scale:
-Investment capital: About VND7 million (US$440) per sq m
-Area: 90.267ha (with 27.9 ha to be put up for auction t o call for investment)
5-Investment form: Land auction
6-Construction specifications:
-Average height: 4.7 stories (No height limit for the top story, but back distance and construction density must be ensured)
-Average construction density: Not over 25%
-Land use planning:
+High-rise and low-rise condominiums:
+Riverside villas:
+Commercial and service area:
+Public services:
+Greenery and sports area:
+ Transport: |
29 ha
13 ha
2.91 ha
7.80 ha
18.60 ha
18.23 ha |
7-Technical infrastructure:
-Transport: main roads are 13-17 m wide and have a total length of 12.9 km
-Power supply: Power is supplied from the 110/22KV An Phu sub-station (in the west) and Binh Trung 1 sub-station (in the east). The two new sub-stations have total capacity of 44,460 KVA.
-Clean water: The water pipeline will be connected with the water supply system of HCM City. Water is supplied from Thu Duc Water Plant.
-Rainwater drainage: Rainwater is drained through a system of 17.275 km of pipes of 400-1,200 mm in diameter and discharged into Giong Ong To Canal.
-Wastewater drainage: Wastewater is drained through 15.64 km of pipes of 300-500 mm in diameter and collected at two wastewater treatment stations before being discharged into Giong Ong To Canal.
8-Investment incentives:
-In accordance with current regulations in Government Decree 164/2003/ND-CP dated December 22, 2003, which stipulates a 28% corporate income tax.
-Investment in land development:
+The winner of the land auction must pay the bid in three installments within three months.
+The investor can develop and sell houses but construction must follow the approved plan.
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