Ho Chi Minh City authorities have given approval to five new housing projects worth a total of VND4.6 trillion (US$206 million).
The Tay Development Company is the investor in a residential project worth 355 billion VND on Nha Be District’s Nguyen Huu Tho Street. It is expected to be completed in two years.
Another project, which is social housing on Pham Van Hoi Street in District 12, is valued at VND1.1 trillion. The investor, Thuan Kieu Service Corp, received approval from the city to carry out the project over a 42-month period.
The Nova Sagel Company also received approval to build a housing and commercial complex project on Phu Nhuan District’s Pho Quang Street. The project is expected to be completed in three years, with total investment of VND1.77 trillion.
In addition, the Nova Festival Corporation will be in charge of an office and apartment complex project on Hoang Minh Giam Street in Phu Nhuan District. The project, which costs VND869 billion, is slated for completion in three years.
The fifth one, a low-rise housing project in District 9, worth VND531 billion, will be carried out by Khang Viet Company over three years.
Source: VNA