Decision No. 893/QD-TTg On the investment project for Phu My residential area, District 7, Ho Chi Minh City

Pursuant to …;

Regarding the Phú Mỹ Housing Investment Project in District 7, Ho Chi Minh City

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PRIME MINISTER

Pursuant to the Government Organization Law dated September 30, 1992;
Pursuant to Decree No. 52/1999/NĐ-CP dated July 8, 1999 of the Government on the issuance of the Investment Management and Construction Regulation;
Considering the proposal of the People's Committee of Ho Chi Minh City (document number 5154/CV-UB-QLDA dated December 23, 1998, document number 2842/CV-UB-QLDA dated July 16, 1999) and the review opinion of the Ministry of Planning and Investment (document number 5237/BKH/VPTĐ dated August 11, 1999) on the Phú Mỹ Housing Investment Project in District 7, Ho Chi Minh City,

DECISION:

Article 1. - Approving the Phú Mỹ Housing Investment Project in District 7, Ho Chi Minh City with the following main contents:

1. Project name: Phú Mỹ Housing Area, Ho Chi Minh City.

2. Investment objectives: To create a new residential area that is modern and convenient to serve the relocation of residents from District 4 to District 7, implementing the population dispersal program of Ho Chi Minh City.

3. Project Owner: The Management and Development Company of District 4 under Saigon Real Estate Corporation.

4. Construction location and land area: The construction site has an area of approximately 13.3 hectares located within Phú Mỹ Ward, District 7, Ho Chi Minh City.

5. Project scale :

- Apartment buildings: 1 floor and 4 stories, 210 units, total floor area 11,060 square meters.

- Linked houses: 1 floor and 2 stories, 220 units, total floor area 56,584 square meters.

- Villas: 1 floor and 1 story, 205 units, total floor area 42,742 square meters.

- Kindergarten: construction area 650 square meters (to be developed separately)

- Infrastructure investment: internal roads, electricity supply, water supply, drainage organization, within the project area, synchronized with the housing part and connected to the general network.

6. Total investment amount and sources of capital:

- Total investment amount approximately 207,420 million VND (two hundred and seven billion four hundred and twenty million VND).

- Sources of capital: As proposed by the People's Committee of the city;

+ Self-funded capital of the investor: 3,500 million VND.

+ Advance payment from customers: 156,879 million VND.

+ Loan from the bank: 47,041 million VND.

7. Form of management and implementation of the project:In accordance with current regulations.

Article 2. 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.

The Management and Development Company of District 4 is the investor responsible for implementing the investment in accordance with the prescribed content. Customer fundraising and bank loans for implementation must comply with current regulations related to this field.

Article 3. The Ministers of the Ministry of Planning and Investment, Ministry of Construction, Ministry of Finance, Ministry of Science and Technology and Environment, Governor of the State Bank, Director of the Land Administration General Department, Chairman of the People's Committee of Ho Chi Minh City, and Director of the Management and Development Company of District 4 under the Saigon Real Estate Corporation are responsible for enforcing this Decision.