Da Ban
The Thanh Da condo building No. 4 is seen in this picture taken on Monday Photo: Uyen Vien
“We are working with the municipal Department of Construction to determine the final solution, which will be announced right in this month (on the relocation),” said Duong Hong Thang, vice chairman of Binh Thanh District, after a meeting with HCMC leaders on Monday.
A well-informed source said the HCMC government has agreed to buy all 1,050 condos from a project currently under progress in Ward 12 not far from Thanh Da. These condos, which will be handed over to the city government this June and September block by block, will be sold or leased to those people who are to be relocated from Thanh Da condo buildings.
Late last year, HCMC Vice Chairman Nguyen Huu Tin assigned Binh Thanh District authorities to prepare a project to relocate people from the two above-mentioned Thanh Da condo buildings and to develop a new complex on the premises.
Under the city government’s decision, Binh Thanh authorities will select a financially-capable investor to develop new condo buildings on the premises of the two Thanh Da condo buildings and other nearby buildings.
The city government has also approved a proposal by the municipal Department of Construction to cancel a project earlier awarded to Vuon Xanh Real Estate Co. to develop an apartment complex on the premises of Thanh Da building covering 7.73 hectares.
Regarding the policy for residents in the old Thanh Da condo buildings, the compensation will be made with new condos, either at the new apartment complex in Ward 12 or other condos available under the district government.
Residents will not have to pay extra sums if the new condos are the same in sizes with the old ones. If the new condos are bigger, they will have to pay the difference at the market price.
The new apartment complex project in Ward 12, which started construction in late 2009, covers nearly 28 hectares bordered by Chu Van An and Nguyen Xi streets. The facilities there include condo buildings up to 20 stories high with 1,050 apartments of 60 to 90 square meters, a park and green areas covering over 8.1 hectares, a kindergarten, a primary school, a clinic and other public facilities.
Đăng ký: VietNam News
