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Central localities call for 215 million USD property investment projects

Da Nang city and Thua Thien-Hue province in the central region have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.
Central localities call for 215 million USD property investment projects ảnh 1An urban area is developed in Da Nang (Photo: VNA)

Hanoi (VNS/VNA) - Da Nang city and Thua Thien-Hue province in the central region have approved some key property projects for construction in the third quarter of this year, calling for investment to help recover the real estate market growth that was postponed by the COVID-19 pandemic.

Da Nang has planned the Complex of Health-Medicine education school and luxury apartments in Ngu Hanh Son district, covering 1.2ha with an investment of 1.18 trillion VND (51.3 million USD).

The complex will include a hospital, a medicine school and a hostel for students – the first of its kind in Da Nang. The project has been scheduled for construction in late of 2020 for full operation in 2025.

An area of 1.8ha in the district was reserved for a high-rise apartment project with total investment capital of 1.98 trillion VND (86.4 million USD). The project would supply more than 1,100 rooms for lease or sale.
In Thua Thien-Hue province, two residential projects have been planned in the new An Van Duong urban zone in Huong Thuy township, covering a total area of 19.8ha.

The province has been calling for investment from domestic and foreign investors with an estimated capital of 1.78 trillion VND (77.4 million USD) for construction in 2020-22.

It said the new An Van Duong urban zone, 5km south of downtown Huế, was designed as a ‘green’ urban area, offering low storey buildings, township houses, trading centre, parks, wastewater treatment centre and renewable energy./.
VNA
#COVID-19 #Da Nang city #Thua Thien-Hue province #key property projects #Veitnamplus #Vietnam News Agency
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