Decision No. 891/QD-TTg approves the investment project for the tourism and entertainment residential area along the Saigon River in Ho Chi Minh City with the goal of constructing a diverse urban development point in terms of facilities and services to meet needs and complete the overall planning of the city.
Scope of application
People's Committee of Ho Chi Minh City; Management and Development Company of Binh Thanh District under Sai Gon Real Estate Corporation
Key points
- The Management and Development Company of Binh Thanh District is the investor of the tourism and entertainment residential area project along the Saigon River (Article 1, Article 2).
- The project includes components such as villas, high-rise apartments, linked houses, shopping centers, hotels, and technical infrastructure with a total construction land area of approximately 21 hectares (Article 1).
- The estimated total investment excluding the investment in the shopping center, office tower, high-end apartments, and hotel components is approximately 252,790 million VND (Article 1).
- The investor is responsible for implementing the project according to current regulations on investment and construction management and mobilizing funds from various sources (Article 2).
- The implementation period of the project is 5 years from the date of approval (Article 1).
🌐 Social impact of this document
- Creating a new diverse urban development point in terms of facilities and services, contributing to completing the overall planning of the city.
- Encouraging investment in the tourism and entertainment real estate sector in the Saigon River area.
- It may create employment opportunities for residents during the construction and operation of the project.
❓ Frequently asked questions
Who is the investor of the project?
The investor of the project is the Management and Development Company of Binh Thanh District under Sai Gon Real Estate Corporation (Article 1).
What is the estimated total investment?
The estimated total investment excluding the investment in the shopping center, office tower, high-end apartments, and hotel components is approximately 252,790 million VND (Article 1).
How long is the implementation period of the project?
The implementation period of the project is expected to be 5 years from the date of approval (Article 1).
Full text
Pursuant to …;
The Tourism and Entertainment Residential Area Investment Project along the Saigon River, Ho Chi Minh City,
Ho Chi Minh City
___________
PRIME MINISTER
Pursuant to the Government Organization Law dated September 30, 1992;
On the basis of Decree No. 52/CP dated July 8, 1999 on the Management Regulations for Investment and Construction issued by the Government;
Considering the proposal of the People's Committee of Ho Chi Minh City (Circular No. 1798/CV-UB-QLDA dated May 14, 1999, Circular No. 3388/CV-UB-QLĐT dated August 18, 1999) and the review opinion of the Ministry of Planning and Investment (Circular No. 5621 BKH/VPTĐ dated August 26, 1999) regarding the Tourism and Entertainment Residential Area Investment Project along the Saigon River, Ho Chi Minh City.
DECISION:
Article 1. Approves the Tourism and Entertainment Residential Area Investment Project along the Saigon River, Ho Chi Minh City with the following main contents:
1. Project name: The Tourism and Entertainment Residential Area Investment Project along the Saigon River, Ho Chi Minh City.
2. Investment objectives: To invest in building a diverse urban area including residential houses, public facilities, commercial centers, service facilities to meet needs and contribute to creating a landscape along the Saigon River, contributing to the completion of urban development according to the overall plan of Ho Chi Minh City.
3. Investor: The Housing Management and Development Company under the Sai Gon Real Estate Corporation located in Binh Thanh District, Ho Chi Minh City.
4. Construction location and land area:
The construction site is located within the administrative boundaries of Ward 25, Binh Thanh District, Ho Chi Minh City.
Land area: The construction land has an area of 21 hectares.
Boundaries and specific locations are determined by the People's Committee of Ho Chi Minh City in accordance with the detailed planning of the area.
5. Project scale:
- Villa area: 194 plots;
- High-end apartment buildings: 212 units, 12 floors, floor area 21,600 square meters.
- Linked houses: 56 plots;
- Apartment buildings: 318 units, 6 floors, floor area 32,652 square meters;
- Riverside leisure and entertainment club: land area 6,500 square meters, 1 floor;
- Kindergarten: 2 floors, floor area 1,512 square meters;
- Primary school: 3 floors, floor area 4,166 square meters;
- Technical infrastructure system: Internal roads, electricity supply, water supply, drainage organization within the project area, synchronized with the residential buildings and connected to the general network.
- Commercial service center: 15 floors high, construction area 2,500 square meters, floor area 37,000 square meters;
- Office tower and high-end apartments: 30 floors high, construction land area 2,500 square meters;
- High-end hotel service area: 1 block 15 floors, 1 block 25 floors, 1 block 30 floors, construction land area 2,500 square meters;
6. Implementation management: The investor will manage the technical infrastructure projects and transfer land use rights with infrastructure to residents for self-construction of houses according to the planning, high-end apartments, 6-floor apartments, kindergartens, primary schools, leisure clubs, green spaces. Joint ventures or calls for secondary investors to invest in hotel, office, and commercial center projects.
For the commercial center, office tower, high-end apartments, and hotels, when investing, they must establish, submit, and decide on investment according to current regulations at that time.
7. Project implementation period: 5 years
8. Total investment amount and sources of capital:
- Total investment excluding the investment items: commercial center, hotel tower, office tower, and high-end apartments: approximately 252,790 million VND (two hundred fifty-two billion seven hundred ninety million VND).
- Sources of capital: According to the proposal of the People's Committee of Ho Chi Minh City:
+ Self-owned capital of the investor;
+ Capital from cooperative exploitation units;
+ Advance capital from customers, construction units;
+ Bank loan capital.
9. Method of organizing investment implementation: carried out according to current regulations.
Article 2.
1. The Chairman of the People's Committee of Ho Chi Minh City is responsible for directing the investor to comply with state regulations during the implementation, management, and operation of the project.
2. The Housing Management and Development Company of Binh Thanh District, Ho Chi Minh City, as the investor, is responsible for implementing the investment to ensure the stipulated content. Customer fundraising, bank loans, and mobilizing secondary investors to participate in the project must comply with current regulations related to this field.
Article 3. Ministers: Minister of Planning and Investment, Minister of Construction, Minister of Finance, Minister of Science and Technology and Environment, Governor of the State Bank, Director of the General Department of Land Administration, Chairman of the People's Committee of Ho Chi Minh City, and Director of the Housing Management and Development Company under the Sai Gon Real Estate Corporation are responsible for enforcing this Decision./.
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DEPUTY PRIME MINISTER DEPUTY PRIME MINISTER (Signed) Ngo Xuan Loc |
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