Dai Quang Minh named developer of major urban area roads

October 28, 2013 | 09:00

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The Ho Chi Minh City People’s Committee has named Dai Quang Minh Real Estate as the project developer for the four main roads of the Thu Thiem New Urban Area. They will be built under the build-transfer (BT) and “land in exchange for payment” models.

The Vietnamese developer will receive their payments in the form of properties in zones throughout the project for building residential and hi-rise buildings, the yacht wharf, and other projects.

In building the roads, Dai Quang Minh is supported by the Vietnam Infrastructure Development and Finance Investment Company (VIDIFI).

In May, the southern hub also named Dai Quang Minh as the developer of a pedestrian bridge connecting District 1 with the Thu Thiem peninsula in District 2 under a BT format. The bridge runs from Bach Dang Wharf across the Saigon River to the District 2 Square.

The company is also developing some low-storey residential areas on the peninsula, which is home to 20 projects including resettlement apartment buildings, a tower, and exhibition and convention centre. Thu Thiem is designed to house Vietnam’s first financial district.

By By TuongThuy

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