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Ly Son has a “terrible” residential project with an investment of more than 650 billion VND

On March 29, the People’s Committee of Quang Ngai province said that this agency had decided to approve the investment policy of the Dong Rung residential area project in Ly Son island district.

Dong Rung Residential Area Project has an area of ​​​​over 204,250m2, including residential land of more than 64,600m2, commercial and service land of about 35,877m2 and land for construction of technical and social infrastructure works of nearly 103,768m2.

  Ly Son has a huge residential project with an investment of more than 650 billion VND - Photo 1.

Ly Son will have a residential project with an estimated total investment of more than 650 billion VND. Photo: T.Truc

The total expected investment capital of the Dong Rung Residential Area project is nearly 663 billion VND, including the capital contribution (owner) of the investor is expected to account for at least 15%; mobilized capital (bank loans), accounting for the maximum expected rate of 85%. The operation period of the Dong Rung residential area investment project is 49 years from the date of the decision on land allocation or land lease; project implementation schedule 5 years (from the date the investor is selected according to regulations). It is expected that the investment form for the Dong Rung Residential area project of Ly Son district is to be applied as an investor selection tender.

According to the People’s Committee of Quang Ngai province, the investment in construction and completion of the Dong Rung Residential Area project meets the housing needs of Ly Son people; contribute to improving the modern urban environment, serving tourism development and creating beautiful architectural landscape for this area.

It is known that the Dong Rung Residential Area project is the first residential investment project of Ly Son district that has been approved by the authorities at all levels.


According to T.Truong

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