Central hub begins 460 million USD new urban project
With an investment of 11.5 trillion VND (460 million USD), it says it is creating the first ‘smart’ and low carbon urban luxury trading-residential and entertainment centre in central Vietnam.
Nguyễn Linh Chi
The ground-breaking ceremony of the new Thuan Phuoc Urban project with an investment of 11.5 trillion VND (460 million USD) in Da Nang. (Photo: VNA)
Da Nang (VNS/VNA) - Local property developer, the Futa Land joint-stock company, has started the build on a new Thuan Phuoc Urban project across 97.6ha of land.
With an investment of 11.5 trillion VND (460 million USD), it says it is creating the first ‘smart’ and low carbon urban luxury trading-residential and entertainment centre in central Vietnam.
The project is one of the largest in the city, promising a significant facelift landmark in the north of the Son Tra peninsula and marking a new stage in the city’s positive growth for the next decades.
General Director of the Thuan Phuoc Bay Urban Investment company Truong Dinh Trung said the complex has been designed to be 'premium urban' space, the first of its kind in central Vietnam, providing accommodation, entertainment, five- and six-star hotels, a school, a hospital and shopping and trading areas along the banks of the Han River.
Trung said the project will reserve a 16.5ha area for the Funsea Park as a ‘green’ eco core, for sea and river- front living for upscale residents in Da Nang City.
He said the project will be funded by the Sai Gon Ha Noi Commercial SHB bank.
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The city has ambitious plans to become a ‘green’ and ‘smart’ city by 2030, and an economic hub of the central and Central Highlands regions.
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⛎ The vice chairman of the city’s people’s committee, Le Quang Nam said the project would turn the city into a magnet for premium living and entertainment, with Da Nang, being promoted as a ‘liveable’ place to both reside and invest in./.
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