Project name: Xuan Ngoc New Urban Area ( "Residential unit 3" Project- Xuan Phuong New Urban Area)
Investor: TASCO JOINT STOCK COMPANY
On February 4, 2008, the People’s Committee of Hanoi City issued the decision No. 603/QD-UBND on assigning TASCO Joint Stock Company to prepare and implement the “Residential Unit 3” project - Xuan Phuong New Urban Area in order to return the capital for the project on building the road route from Le Duc Tho street to Xuan Phuong New Urban Area (the end point crosses Road No. 70) under the BT form.
On November 1, 2008, the Project was approved in the decision No. 179/QD-HDQT by TASCO Joint Stock Company.
On January 19, 2009, the People’s Committee of Hanoi City issued the decision No. 345/QD-UBND on approving the investment in infrastructure construction of “Residential Unit 3” of Xuan Phuong New Urban Area.
Area: 29,8 ha
Total investment: VND769 billion (for the infrastructure)
Main functions: apartment building, villas, mixed facilities, car parks, schools, kindergartens, parks and other public works
Development objectives:
- The new urban area will brings about an ideal environment, an open space with full services to meet all human needs
- 13km from the center of Hanoi
- Taking advantages of the market of 6.3 million people of Hanoi
- Fast site clearance progress
- Reasonable project scale and quick infrastructure preparation
- Acceptable compensation costs , land use fees, and ground levelling land filling costs
- Convenient location, located in the planned area of other urban areas such as, Me Dinh, Me Tri, Kim Chung - Di Trach, Van Canh, Son Dong, South An Khanh, etc. promising to create a new urban complex synchronous in the infrastructure, clean, spacious architecture, civilized, and fully equipped with social infrastructure for a new urban area
- Convenient access to the project location
- Adequate electricity and clean water
- Drawing much attention from the market due to its location in an area of concentrated urban areas
- Located in a favorable location of expanded Hanoi in the future
- Be able to become a typical and developed urban area of administrative, cultural and sports center of expanded Hanoi Capital in the future
- The project on expanding and upgrading the Road No. 70 has been approved by the competent authority and scheduled for completion in 2011
