Minh Khang Trading Company Limited: Efforts to complete real estate projects in Vinh City

(Baonghean) - On an area of ​​78,627 m2 in Hamlet 20, Nghi Phu Commune, Vinh City, Minh Khang Trading Company Limited is implementing the project "Hotel complex, supermarket trading in Pharmaceuticals - Medical equipment and housing".Despite many difficulties, with the support of relevant levels and sectors and the determination of the investor, this important project is reaching its destination, becoming an ideal living place for households and a highlight in Vinh city.

New residential area at the real estate project invested by Minh Khang Trading Company Limited. Photo: Hoang Vinh

The project "Hotel complex, supermarket for pharmaceutical business - medical equipment and housing" is conveniently located on Le Nin Avenue (Vinh City). When implementing the project, Minh Khang Trading Company Limited planned appropriate functional zoning, especially prioritizing the construction area of ​​public works such as kindergartens, cultural houses, sports areas, trees, parking lots, traffic systems, etc.

The project has a total area of ​​over 78,627m2, with 3,841.34m2 of land planned for construction of high-rise apartment buildings (2 social housing); 49,112.84m2 of land for construction of low-rise housing (including 241 commercial service houses, 20 townhouses and 34 villas); 1,879.45m2 of land for construction of commercial centers; 2,582.36m2 of land for construction of kindergartens; 482.70m2 of land for construction of cultural houses; 2,323.35m2 of land for trees, sports, parking lots and 18,405.25m2 of traffic land.

One of the most difficult issues during the project implementation was compensation and site clearance. The project began in April 2007, but it was not until December 2009 that the inventory and compensation and site clearance plans were completed.

By June 2010, 120 out of 131 households had received compensation, while 11 households had not agreed to hand over land to the project with a total land area of ​​8,716.4 square meters (because the land area of ​​these 11 households was interspersed on the project land in a “leopard skin” style, so the investor had not yet been able to proceed with construction, leveling the ground, and building internal roads). By June 2013, 11 households had agreed to hand over land to the project. In addition, due to the need to resolve some issues regarding reclaimed land, it was not until March 2016 that compensation and site clearance were basically completed.

However, the actual land allocation of the project compared to the land allocation decisions of the Provincial People's Committee is still insufficient (10,858m2 is still missing for which the investor has paid land tax), and the investor was only able to receive this missing land area on October 26, 2017.

The technical infrastructure is invested synchronously so people are very satisfied when coming to their new place. Photo: Hoang Vinh

As one of the capable enterprises in the field of construction investment, since 2011 the investor has completed paying 100% of the land use fee for the project (on an area of ​​78,627m2), but in reality was allocated land with an area of ​​73,224.8m2 (still short of the approved planning of 5,402.5m2).

After being allocated the land, the investor quickly started construction of the project items and up to now, the essential technical infrastructure has reached 70% of the volume, such as: Internal roads have completed the gravel grading of the road surface, ensuring stability for motor vehicles transporting materials and supplies in and out to serve the construction of the project.

Completed domestic water supply system; Drainage system; Electrical system (1,000 KVA transformer station); Communication system has completed construction of main axes and currently the network operator has arranged the network to households in need of connection to operate normally.

At the project, a total of 295 customers have signed to contribute capital to build townhouses and villas, and the investment in technical infrastructure is quite synchronous. Currently, the project has attracted 56 households that have built and are building houses. Social housing projects, high-rise apartments, kindergartens, cultural houses, hotels, etc. have completed investment preparation (survey, design) and are preparing documents to build a high-rise social housing apartment building.

During the implementation process, despite some difficulties and problems, the project "Hotel complex, supermarket for trading in Pharmaceuticals - Medical equipment and housing" has received the attention and support of relevant levels and sectors and the efforts of Minh Khang Trading Company Limited. The project is becoming one of the ideal living places for households, and at the same time a highlight in Vinh city.

Hoang Vinh