The approval of the investment policy for Ky Phu Residential Area No. 2 Project will contribute to population and urban development, promoting socio-economic development in Dai Tu District. (Photo: A view of Dai Tu District center)

Accordingly, the Project has a land use scale of over 247,400 m², with a population scale of approximately over 2,300 people. The implementation of the Project will create housing products and social housing development land fund including: Residential land with completed technical infrastructure for land use rights transfer in the form of plot division and lot sales for residents to build their own housing according to regulations on land, housing and real estate business law; resettlement land fund with an area of 1,935 m².

The Project has a preliminary total investment of VND 369.506 billion, including: Preliminary project implementation costs of VND 214.256 billion; compensation, support and resettlement costs of VND 155.250 billion. The investor selected to implement the Project must mobilize legal capital sources to implement the Project according to regulations.

A view of Ky Phu Residential Area No. 1 (Illustrative photo)

The Project will be implemented in Van Phu Commune, Dai Tu District, Thai Nguyen Province, with an operation period not exceeding 50 years from the date the investor is allocated or leased land by competent authorities; implementation schedule from the second quarter of 2025 to the end of the fourth quarter of 2029.

After completing the investment and construction, the investor is allowed to retain the urban infrastructure portion for investment and business including: Townhouse land and villa land, where the investor has the right to sell, lease and transfer real estate when meeting all conditions according to real estate business law and other relevant legal regulations. The residential area infrastructure portion that the investor must hand over to local management includes: All technical infrastructure, social infrastructure, including connection works with technical infrastructure systems outside the Project according to approved planning; public land, commercial service land; resettlement residential land. After completing investment in the above items according to approved detailed planning, the investor is responsible for handing them over to agencies and organizations for management and use according to regulations.