Price set for 1,080 resettlement apartments in Thu Thiem

The HCMC government has decided to sell 1,080 apartments in the 38.4-hectare resettlement area of the Thu Thiem new urban area project in Binh Khanh Ward of HCMC’s District 2 at a price 1.8 times higher than that offered to households affected by the project, Sai Gon Giai Phong newspaper reported.


These apartments are part of a plan to build 12,500 resettlement apartments for the Thu Thiem new urban area project.

The HCMC government had earlier asked for the municipal Party Committee’s approval of the selling price for the 1,080 resettlement apartments, which will not include the costs of infrastructure projects or the loan interest after compensating households affected by the project and handing over land to investors, as proposed by the Department of Finance.

The department has been assigned to coordinate with the Thu Thiem Urban Area Management Board and other relevant agencies to propose the starting price for five land lots, part of the Thu Thiem new urban area project in Binh Khanh Ward in HCMC’s District 2, as the city intends to put them up for auction.

The starting price will not include value-added tax to ensure the effectiveness of the auction and compliance with the law.




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