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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Sunday, June 1, 2025

Thanh Da condo complex relocation behind schedule

By Thai Huy

Must read

HCMC – A project to replace eight blocks in the Thanh Da condominium complex in Binh Thanh District, HCMC has been carried out slower than expected due to legal and compensation issues, according to the local media.

In April 2022, the groundbreaking ceremony for the construction of Blocks IV and VI took place even although the project was approved by the HCMC People’s Committee in 2017.

Until now, only Blocks IV and VI, with 299 households, have been relocated. The relocation of 1,278 households in the remaining six dilapidated condo buildings has yet to be carried out.

Residents in the project are offered three resettlement options: receiving money for self-resettlement, resettling in situ, or another location.

The Binh Thanh District People’s Committee proposed investing in Blocks IV and VI first and moving residents there before continuing clearance of the remaining blocks.

However, the investors find it hard to apply the regulations of the Land Law or Housing Law on land revocation, compensation and resettlement, as well as determining the apartment price for compensation.

As per the project, Blocks IV and VI will be replaced by the T4 40-floor and the T7 45-floor apartment buildings, with a total of 1,750 units. They require an investment of VND5 trillion.

The other six condo buildings will be replaced by buildings with 38 to 45 floors, with two buildings for resettlement and four to be designated for commercial housing and mixed uses.

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