The race for the super-project of Binh Quoi-Thanh Da is fierce, 5 "big" real estate are interested, ready to deposit 3 billion USD

The race for the super-project of Binh Quoi-Thanh Da is fierce, 5 "big" real estate are interested, ready to deposit 3 billion USD

Bitexco Group and Emaar Properties PJSC (Dubai) have been appointed by the People's Committee of Ho Chi Minh City to be the technical infrastructure investor of the Binh Quoi - Thanh Da urban area project with a total capital of over VND 30,000 billion. However, after Emaar withdrew, this super project is being publicly bid for HCMC.

At the press conference on the socio-economic situation in Ho Chi Minh City in February and the task of 3/2019 this morning (March 5), Mr. Hoan Vo Van Hoan, Chief of Ho Chi Minh City People's Committee Office said for the projects. Big, with a prime location of the city, there are many investors interested. Particularly for Binh Quoi - Thanh Da project, there have been 5 domestic and foreign investors interested in applying for bidding and ready to commit to deposit more than 3 billion USD.

Investors have given conditions to show their responsibility to Ho Chi Minh City to participate in bidding and developing the project. However, it also offers the requirements of HCM City to investors if winning the bid, such as the time of land allocation, the cost of site clearance ...

Regarding the preparation work, HCM City is currently reviewing the whole project planning and conducting research to adjust the planning to suit the reality, adjust the project boundary and create conditions for people. outside the development project boundary according to the approved planning. Assigning the Department of Planning and Investment to develop a set of criteria for selecting investors ... Hopefully the bidding will take place as soon as possible.

The project of Binh Quoi - Thanh Da Urban Area has a land use scale of 426 ha, which is planned to be built with a full function, meeting the needs of 41,000 - 50,000 people.

The total initial investment for the two items of the project is estimated at VND 29,900 billion (USD 1.35 billion), of which the cost of site clearance accounts for the majority of the total investment with an estimated VND 22,700 billion, cost investment in infrastructure construction about VND 7,200 billion (not including all investment in urban construction) and is expected to be completed in 2032.

In 2004, the project was assigned to Saigon Construction Corporation to invest in construction. However, due to lack of capacity, this unit cannot be deployed. By 2010, Ho Chi Minh City authorities have revoked the decision.

After that, another domestic unit was assigned by the HCM City People's Committee to adjust the plan of 1 / 2,000 of the project with nearly 427 hectares of land, equivalent to the area of ​​ward 28.

By the end of 2015, the joint venture of Bitexco Group and Emaar Properties PJSC (Dubai real estate company) was appointed by the People's Committee of Ho Chi Minh City to be the investor of the Binh Quoi - Thanh Da urban area project with a total capital. over VND 30,000 billion.

After that, Emaar Properties PJSC withdrew because of not being patient enough to wait until the land was handed over. Currently, only Bitexco Group "embraces" this project and the city has a written request for comments from the Prime Minister. Recently, Ho Chi Minh City also directed the Department of Planning and Investment of Security Construction to organize a tender to select new investors. According to the research, there are now many domestic and foreign investors who apply for their capacity and documents to apply for bidding to invest in this project.

Ho Chi Minh City People's Committee also noted that the report should clearly state the legal basis, favorable factors to choose the form of bidding to choose investors, specific process of deploying investors selection, house selection criteria investment (criteria must have collateral content to ensure sufficient implementation of legal clearance and guarantee of credit institutions in order to select investors who are really capable finance and experience).

During the bidding process to select investors, implement the project, the Standing Committee of Ho Chi Minh City People's Committee also assigned Binh Thanh District People's Committee to chair and coordinate with other departments, agencies and units to advise and propose. City People's Committee on solutions to minimize the impact on the legal rights of people in the project area.

In addition, Ho Chi Minh City People's Committee also assigned the Department of Construction to advise and propose the provision of temporary repairs of households. Because this is a large-scale project, complex, time to select investors, implement long-term projects; to avoid pressing and affecting the lives of households in the project area.

According to Mr. Le Hoang Chau, Chairman of Ho Chi Minh City Real Estate Association, wants the project to go into operation quickly, to overcome each difficulty, the biggest difficulty now is clearance. The longer the liberation and agreement to compensate people, the slower the project will be.

"This project is more than 400ha, the only urban planning area in the center of Ho Chi Minh City today, so many investors want to pour capital into implementation. This project during the past 26 years, people continue to live miserably because they cannot walk and they are not finished, the problem is that the city needs to quickly start the lesson in accordance with the actual situation to accelerate this process " , Mr. Chau said.

According to Mr. Chau, investors always set two issues when participating in bidding: When HCM City allocates clean premises and compensation rates, how much do they build the feasibility of the project but still does not receive Get satisfactory answers. Currently, Ho Chi Minh City is also studying Hanoi's contractor designation model, which will then build the most optimal option for investors. "

Regarding the reduction of compensation and resettlement time, the Chairman of HCMC Real Estate Association said that the only solution is to make compensation according to the market price mechanism. The city should follow the direction for investors to build a commercial housing area within the project to relocate on-site, people are supported 50% of the value of that house ".

"Under the provisions of the housing law, for projects with an area of ​​10 hectares or more, investors must spend 20% of the land to build social housing. So the story resettled people on the spot. In the Binh Quoi - Thanh Da area, if it is implemented in the above way, it is absolutely correct, only by this method can we avoid the previous lesson of Thu Thiem, and the people can accept it because it is suitable to the I am very supportive of how to relocate 100% of local residents with resettlement houses or apartments with the maximum support from investors, "he said. Chau said.

Also according to Mr. Chau, when doing large-scale real estate projects, the benefits between investors and citizens are harmoniously ensured will not lead to unwanted conflicts and complaints, which will shorten many progress of project implementation.

Nguyen Minh