Highlights of major projects in the real estate sector.
(Baonghean) - Hanoi Housing Investment & Development Joint Stock Company No. 30, a member of Hanoi Housing Investment and Development Corporation (Handico), is a leading unit in the real estate business in Nghe An province. By choosing a suitable direction, avoiding scattered investments, and focusing on completing important real estate projects, the company has achieved many successes.
Good news for residents in need of housing in Vinh City: on December 14, 2013, Hanoi Housing Investment & Development Joint Stock Company No. 30 held the inauguration and handover ceremony for apartments in the 14-story A3 apartment building, part of the East Le Nin Boulevard Apartment Complex Project. The A3 building benefits from its prime location on Le Nin Boulevard and Ly Tu Trong Street, a beautiful landmark connecting Vinh City with Vinh Airport and the Cua Lo resort area. With a well-planned functional layout: the basement is for resident parking, the first floor is for commercial services, and floors 2-14 house apartments (each floor has 10 apartments, with sizes ranging from 59.4m2 to 85.6m2). The total living area per floor is 710m2, and the entire building is 9,230m2… After handing over the apartments to customers, Hanoi Housing Investment & Development Joint Stock Company No. 30 continues to invest in other construction items to gradually complete the Dong Dai Lo Le Nin Apartment Complex project, while also determined to create a modern and civilized urban area in Vinh City.
 |
| Rendering of the Vinh Tan New Urban Area Project. |
Over the past period, Hanoi Housing Investment & Development Joint Stock Company No. 30 has been implementing major urban development and high-rise apartment building projects such as: the Quang Trung Area C renovation and upgrading project; the apartment complex east of Le Nin Boulevard; the Vinh Tan ecological urban area; the Doi Cung high-rise apartment complex; the Nguyen Sy Sach apartment complex; the Nam Nguyen Viet Xuan apartment complex (Vinh City); the Loc Chau tourist apartment complex (Cua Lo Town)... The company has clearly defined a suitable direction: not investing in a scattered manner, but investing strategically and in depth, focusing on quality, self-balancing, and building reasonable business costs. The company's leadership has also reformed its management methods, focusing on operations through specific, targeted action programs, especially strengthening the inspection and evaluation of the implementation of each project plan to promptly resolve difficulties and obstacles.
Typically, the renovation and upgrading project of Quang Trung Area C is a significant project in Vinh City, so during its implementation, the company has strived to complete the construction items according to plan, such as: Building CT1A (phase 1) has been put into effective operation, creating an important highlight for Vinh city. Building CT1A is 21 stories high with 1 basement level (the first and second floors have an area of 1,080 m2 and are arranged with commercial shops, supermarkets, and offices for rent; from the third floor upwards are apartment units, with 8 apartments per floor ranging in size from 66.5 m2 to 94 m2). According to the plan, phase 2 will construct Building CT1B, also 21 stories high with 1 basement level, connected to Building CT1A by a 3-story base of 12 townhouses.
 |
| Nguyen Sy Sach Apartment Complex Project (Vinh City). |
Hanoi Housing Investment & Development Joint Stock Company No. 30, together with Hanoi Housing Investment & Development Corporation, contributed capital to establish Handico - Vinh Tan Urban Investment & Development Joint Stock Company to invest in and construct the Vinh Tan Ecological Urban Area project. This is the largest and most modern project in Nghe An province, covering 77 hectares with a total investment of VND 7,925 billion. The project includes 327 villas, 866 garden houses, 326 townhouses, and 5 27-story apartment buildings. In the near future, the company will complete the construction of the extended Le Mao road and continue to invest in the construction of a high-rise building to meet the housing needs of Vinh City residents, with apartments starting from 35m2. Mr. Nguyen Van Cuu, General Director of Hanoi Housing Investment & Development Corporation, and Chairman of the Board of Directors of Hanoi Housing Investment & Development Joint Stock Company No. 30 and Handico - Vinh Tan Urban Development Investment Joint Stock Company, stated: “The Corporation will provide resources to its member units located in Nghe An province to invest in and build urban areas, aiming to meet the housing needs of the people of Nghe An.”
In recent years, the real estate market has faced many difficulties, significantly impacting the production and business activities of the company. According to Mr. Le Canh Toan – General Director of Hanoi Housing Investment & Development Joint Stock Company No. 30: “Despite these difficulties, with the attention and support of relevant levels and sectors, especially the Hanoi Housing Investment and Development Corporation, and the collective efforts of the staff and employees, Hanoi Housing Investment & Development Joint Stock Company No. 30 has successfully completed its assigned tasks. Currently, the company has completed several important real estate projects with a total of 1,154 apartments and subdivided 393 plots of land for townhouses, garden houses, and villas…”
In the near future, the real estate market shows no signs of recovery, posing a significant challenge for Hanoi Housing Investment & Development Joint Stock Company No. 30. However, with its extensive experience in real estate investment and business, and the timely support and assistance from Hanoi Housing Investment & Development Corporation, the company will overcome these challenges and continue to affirm its important position in the real estate business.
Hoang Vinh
