The 'super city' ambition of Vietnamese tycoons

Many domestic real estate giants are making bold investment decisions in large-scale urban projects that have previously been a one-horse race for foreign investors.

The Sunrise Bay Urban Area 180ha

Danang coastal urban area

Novaland Company and its partner Bac Nam 79 Company have just won the right to develop the Da Phuoc - Da Nang sea encroachment urban area project after the old investor Daewon withdrew capital, ending nearly a decade of stagnation. This is a sea encroachment urban area project of more than 180 hectares, nearly a decade ago announced to have a total investment of 250 million USD but stalled. The new investor has not announced the investment capital of this urban area when it is restarted, but the project name is expected to be changed to The Sunrise Bay Urban Area.

The items and functional areas include: hotels, trade - conference centers, schools, golf courses and housing. The investor prioritizes low-rise products: villas, townhouses and resort functions rather than focusing on high-rise housing. The expected construction time is from now until 2019.

This is the first project that Novaland has set foot in the Central real estate market, and is also the first step in the company's strategy to expand real estate development to other provinces and cities outside of Ho Chi Minh City. The Sunrise Bay project will diversify many segments and product types to reach many different consumer groups.

Red Light Cape Park and $6 Billion Urban Housing

Urban area with $6 billion marina.

Also known as Saigon Peninsula, located in Phu Thuan Ward, District 7, Ho Chi Minh City, the project will have a multi-functional park, an international yacht port, many multi-functional items combined with housing on a scale of 118 hectares. The project was approved by Ho Chi Minh City for Saigon Peninsula Group Joint Stock Company as the investor. The investment cooperation agreement was signed between Van Thinh Phat Group Joint Stock Company and foreign investors including Pavilion Group and Genting Group.

Saigon Peninsula has a total investment capital of 6 billion USD, investors want to turn the project into a place where unique international architectural features converge and become a "green lung" blending into the ideal ecological river space, with the project's especially favorable location right at the junction of the Saigon River and Nha Be River. After completion, this will be the largest passenger port in Vietnam to bring and receive domestic and international tourists to Ho Chi Minh City.

This cooperation is expected to bring a new look to Vietnam's tourism industry as well as create more income and more than 30,000 new jobs for the people. This is a stepping stone to attract international investors with reputation and experience in urban development to invest in Ho Chi Minh City.

Sala Urban Area 2.2 billion USD

The first urban area is taking shape in Thu Thiem.

Sala Complex Urban Area is located right at the intersection of the two most important roads of Thu Thiem, Mai Chi Tho Avenue and North-South Road, in the high-end segment. The project is the focal point of functional areas 5 and 6 of Thu Thiem New Urban Area. These two functional areas have a total announced investment capital of up to 2.2 billion USD, most of the capital is focused on the urban area along with utilities and infrastructure of the entire area invested by Dai Quang Minh Company.

In April 2014, the low-rise residential area and the technical system of this urban area were officially built. In the period of 2015-2018, in addition to the completion of 4 main roads and Thu Thiem 2 bridge, the city also welcomed a supply of 730,000 m2 of construction floor space including: apartments, villas, commercial townhouses, mansions along with utility works... The investor said that according to the plan, by the end of 2018, the entire Sala Urban Area with a total area of ​​about 106 hectares will be completed.

Vinhomes Central Park Complex 1.4 billion USD

The complex with the largest amount of residential and consumer real estate is gradually emerging in Binh Thanh.

This complex, also known as Vinhomes Tan Cang, has an area of ​​43.91 hectares, a total investment of 30,000 billion VND (1.4 billion USD), located on Nguyen Huu Canh Street, Binh Thanh District. The project has an impressive highlight, the HCM Landmark 81 building, which is being designed with a height of 461m.

Vinhomes Central Park promises to add up to 10,000 houses to Ho Chi Minh City, including villas, apartments and officetels. Additional facilities include inter-level schools, international general hospitals, sports complexes, swimming pools, etc. Vincom Center shopping mall alone has an area of ​​40,000 m2 with many shopping and entertainment areas, an indoor ice rink, cinemas, food courts and supermarkets, etc. Construction began in mid-2014 and the entire urban area is expected to be completed in 2017.

River City complex with 8,000 apartments

The project is developed by a Vietnamese investor with capital contribution from a Japanese investment fund.

Located in Phu Thuan Ward, District 7, Ho Chi Minh City, River City has a total area of ​​11.25 hectares, including 12 apartment blocks with about 8,000 apartments, office-tels and shop houses. The project is developed by Phat Dat Real Estate Development Joint Stock Company, An Gia Investment and Creed Group Investment Fund (Japan) with a total investment of about 500 million USD. This is also the largest riverside urban area in the South of Saigon as of May 2016.

The investor has put 99 amenities into the apartment complex, including 4 amenities appearing for the first time in Vietnam, including artificial islands, water and light square, flower walking street in the air, two-story waterfall swimming pool... All amenities are modeled after famous projects in the world with a total investment of up to tens of millions of USD.

According to VNE