The joint venture of Xuan Cau Holdings and CityLand has just been approved as the investor of the Song Bui Commercial and Housing Urban Area project in Luong Son district (Hoa Binh) with a total investment capital of more than 5,500 billion VND, with a scale of more than 60 hectares. .
The People’s Committee of Hoa Binh province has just decided to approve the investor of the Song Bui Commercial and Housing Urban Area project for the joint venture of Xuan Cau Holdings Joint Stock Company – City Real Estate Investment Company Limited (CityLand).
According to the approved investment policy approval decision, the Urban Area project that the Xuan Cau – CityLand joint venture is registering to implement has an area of 60.3 hectares.
The joint venture of Xuan Cau Holdings and CityLand has just been approved as the investor of the Song Bui Commercial and Housing Urban Area project in Luong Son district (Hoa Binh). Illustration.
Of which, the residential land area is 29.3 hectares; Commercial and service land is 2.1 hectares; Medical land is 0.2 hectares, educational land is 1.4 hectares. The entire project will have 1,679 houses, including 816 single villas, semi-detached villas and 863 townhouses. The population size of the urban area is about 6,716 people.
The current status of the land is rice growing land; annual crop land; land for growing perennial crops; unused flat land; land in countryside; cemetery and graveyard land; river and stream land; Land transport.
The total expected investment capital of the project is more than 5,500 billion VND. Of which, the preliminary total cost of project implementation is about 5,233 billion VND and the cost of compensation and resettlement support is 284.5 billion VND.
To implement the project, the minimum equity that the investor must arrange is 828 billion VND (accounting for at least 15% of the total investment).
According to the approved investment policy, the Xuan Cau Holdings – CityLand joint venture established a project enterprise, Hoa Binh River Urban Co., Ltd. with a charter capital of 827 billion VND, of which Xuan Cau contributed 85%, CityLand contributed 15% %.
Dinh Phong
