Danang kicks off construction of $460 million new urban area

Danang kicks off construction of $460 million new urban area

The groundbreaking ceremony for a landmark new urban area valued at $460 million took place in Son Tra district, Danang, on March 21.

This symbolic undertaking marks the 50^th anniversary of Danang's Liberation Day on March 29.

The project is invested by Thuan Phuoc Bay Urban Investment JSC, with FUTA Land Real Estate JSC as the developer.

According to the investor, it will cover an area exceeding 97.6 hectares.

The groundbreaking ceremony on March 21. Photo: Thanh Chung

The smart urban area will fully integrate high-class utilities for housing, commerce, services, entertainment, culture, and tourism.

Thuan Phuoc New Urban Area will encompass diverse functional sub-areas including low-rise and high-rise residential blocks with villas, shophouses, luxury apartments, and modern commercial townhouses. I will also feature a commercial centre, 5-6 star hotels, an international convention centre, and shopping, culinary, entertainment areas with pedestrian streets and 16.5 ha of parkland.

Speaking at the ceremony, Truong Dinh Trung, general director of Thuan Phuoc Bay Urban Investment JSC, noted the area will have vast green spaces, employing modern technologies to minimise environmental impacts while adapting to climate change.

“This urban area will be architecturally beautiful and a pioneer in smart, modern and environmentally friendly urban areas. By optimising design, applying green technology, and using sustainable materials, we aim for long-term urban development, where nature and people live in harmony.

“We are committed to implementing the development on schedule, ensuring top quality so that Thuan Phuoc New Urban Area will soon become a vibrant centre and a go-to destination,” Trung said.

Delegates at the groundbreaking ceremony. Photo: Thanh Chung

Le Quang Nam, Vice Chairman of Danang People's Committee, said that to turn Danang into an international financial, commercial, service, and tourism centre, the city has been promoting infrastructure and attracting strategic projects, especially modern, smart, and sustainable urban areas, opening a new era for Danang’s development.

“Thuan Phuoc New Urban Area will be an ideal place to live and an attractive tourist, entertainment, and commercial destination, contributing to putting Danang on the global and regional map. I believe that with the enthusiasm and strategic vision of the investor as well as the support of consulting, design, and construction units, the project will become a new symbol of Danang, contributing to the city’s overall development,” Nam said.

VIR