Over 1.139 trillion VND invested in building Kim Thanh residential area

The Hai Phong People’s Committee has approved Hai Duong – Hai Phong Investment and Development JSC. as the investor of a new residential area project in Dong Cam commune, Kim Thanh district (now Kim Thanh commune).

The project covers more than 44.4 ha of land in Kim Thanh commune, with a total investment of over 1.139 trillion VND. Of this, more than 239 billion VND is the investor’s capital, while over 900 billion VND is mobilized or borrowed from organizations and individuals.

The project includes nearly 13.2 ha of residential land, more than 1.4 ha of commercial and service land, with the remainder allocated for schools, healthcare facilities, transport infrastructure, green spaces and other purposes.

Of the residential land area, the investor will build 102 four-story adjacent houses and 19 three-story villas, with the remaining area designated for land plots.

The project must complete investment preparation, site clearance compensation, and land handover within 18 months from the date of approval of the investor selection result. Technical infrastructure construction must be completed within 36 months from the date of land handover. Housing and commercial–service facilities must be completed within 48 months from the date of land allocation.

HA VY