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Hue invites investors to ‘golden land'

Update: October, 07/2013 - 08:50

Central Thua Thien - Hue Province is calling for investment in trade centres, high-rise office buildings and land plots, called ‘golden land,' in the municipality of Hue City.— Photo dantri

THUA THIEN - HUE (VNS) — Central Thua Thien - Hue Province is calling for investment in trade centres, high-rise office buildings and land plots, called ‘golden land,' in the municipality of Hue City.

According to Le Quang Dung, deputy director of the province's Construction Department, the land plots are located at the corners of large streets in the southern part of the city and the construction heights for buildings are not limited by heritage conservation requirements in the northern part.

The plots include land bordered by Hung Vuong, Ba Trieu and Ton Duc Thang streets, land at the corner of Ha Noi - Ly Thuong Kiet streets, and plots planned for a trade centre in the An Van Duong new urban area, and other plots in busy Tran Hung Dao and Le Loi streets.

In the northern part, which is separated from southern section by the Perfume River and concluded by the royal Citadel, high-rise buildings are allowed in areas 3km from the heritage buildings, Dung said.

Local authorities are also inviting investors to a wholesale market in Phu Hau Ward and a centre for trade fair and exhibition at An Dong Ward.

Dung said the Department of Planning and Investment would give 15sq.m of land to the wholesale market project and 62,000sq.m to the exhibition centre. Height limit for the centre is 17 stories. It will also assist investors in site clearance.

The city also planned to make land plots for several offices and agencies in the city's centre, including offices for the Department of Education and Training, Department of Construction, Department of Health, and the Press Association, and give plots to big investors for trade and tourism complex projects.

Tran Ba Man, deputy director of the Finance Department, said land prices would range from VND27 million (US$1,230) to VND71 million ($3,230) per one square metre, depending on its location. Plots at Le Loi and Tran Hung Dao are the highest.

The information was released at an online conference held by the provincial People's Committee last week.

Phan Ngoc Tho, deputy chairman of the committee, said the province is doing well in land management and the issuance of land use and lease certifications at the locality has reach 83 per cent.

As for delayed projects in the ‘golden land' plots which have investors already, including the plot at the corner of Ha Noi - Nguyen Tri Phuong streets, the department of planning and investment said economic downturn and loss in business prevented the investors from completing the buildings.

Its deputy director Phan Thien Dinh pledged to revoke the investment licenses for long delayed projects.

During the online conference, local and HCM City businesses contacted related departments to show their keenness on the trade fair centre and fashion show projects. — VNS

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