Thai Binh issues bidding documents for 5 real estate projects with a total value of more than 2,000 billion VND

DNHN - Thai Binh is currently issuing bidding documents for five real estate projects with a total estimated cost of more than 2,363 billion VND; the bid opening period is split between May 31 and June 1.

Despite the recent gloomy state of the real estate market, several housing development projects in Thai Binh province continue to garner investor interest.

Five of eleven residential projects were approved by the People's Committee of Thai Binh province in the first quarter of 2023 instead of the fourth quarter of 2022. Including the development of commercial housing and residential area on both sides of road 2 in Minh Quang commune, Vu Thu district, which is scheduled to open on May 31, 2023. More than one billion and one hundred billion Vietnamese Dong; Commercial Housing Development Project in the East of DT.475, Binh Minh Commune, Kien Xuong District (81.4 billion VND).

Development of commercial housing in Dong Ben residential area, Quynh Coi town, Quynh Phu district (VND 376 billion); Commercial Housing Development Project North of National Highway 39, Dong Phong commune (now Dong Quan commune), Dong Hung district (223 billion VND); and Commercial Housing Development Project in Nam Trung Commune, Tien Hai District (VND 223 billion VND) (VND 521.8 billion).

The Residential Commercial Housing Development Project along both sides of Road 2 was approved by the People's Committee of Vu Thu District in Decision 3463/QD-UBND dated July 30, 2009, with a score of 57.1. ha. The project consists of low-rise housing areas, commercial and service areas, public works, handicraft areas, and green parks; its planning is based on the model of rural residential areas.

The commercial housing development project in Dong Ben residential area, Quynh Coi town, Quynh Phu district (376 billion VND) has a total area of 223,063 m2 and consists of 563 low-rise land lots, of which 511 are adjacent land lots and 52 are villa plots.

The project's investment objective is to create a synchronous urban residential area in terms of technical and social infrastructure; to connect technical infrastructure and architectural space to the surrounding area; and to contribute to the gradual enhancement of Quynh Coi's urban area.

The total area of the Residential Commercial Housing Development Project North of National Highway 39, Dong Phong Commune (now Dong Quan Commune), Dong Hung District (223 billion VND) is 71,511 square meters. The site clearance is convenient for agricultural land, transportation, and irrigation. The project is located between Thai Binh city and the district center of Dong Hung, on new land that is quite accessible for traffic, with an emphasis on investments in traffic infrastructure.

Residential and Commercial Development Project in Nam Trung Commune, Tien Hai District (VND 521,8 billion) covering an area of over 25 hectares. Housing planning land comprises nearly 11 hectares; traffic land, parking lot, and bus station, nearly 11 hectares; over 4,186 square meters of commercial and service land; and the remainder are other types of land. The People's Committee of the district of Tien Hai has approved this project with a 1/500 scale plan beginning in March 2020. Currently, the project area consists of rice fields, traffic land, and field irrigation (this is the land without compensation for ground clearance).

In the context of a relatively gloomy real estate market, the fact that numerous investors register to implement housing development projects in the area is a positive sign. Public and transparent project information, which is not only posted on the National Procurement Network but also on provincial websites, contributes to the attractiveness of projects. As a result, investors can easily capture and retrieve information, as well as predict the implementation's progress.

According to research, there are currently seventeen land-based housing development investment projects in the province of Thai Binh. The projects range in scale from a few hundred billion dongs to thousands of billion dongs. The majority of projects have between two and three investors applying for implementation, and the majority of them are evaluated based on their capacity and experience.

Hai Dong