Long An Province in Vietnam’s Mekong Delta region is calling for investment in a residential area project that is estimated to cost about US$445 million and provide accommodations for more than 30,000 people, the local Department of Planning and Investment announced on Monday.

The project is located in My Hanh Bac Commune of Duc Hoa District, Long An Province – which is around 30km from Ho Chi Minh City, a southern economic hub of Vietnam.

With a total land use area of about 214 hectares, the project will offer both commercial and social apartments, the department said in a recent notice calling for investors. 

The provincial administration has approved the development of the project, which has a lifespan of 50 years.

The total investment is estimated at VND11,221 billion ($445 million), including VND7,029 billion ($279.2 million) for construction and the rest for compensation and resettlement.

For commercial housing, the project developer will construct 2,875 villas and terraced houses and transfer land use rights to customers for the construction of 5,482 additional houses.

In respect of budget housing, nine-story apartment buildings will be built on five plots of land, covering a total area of 164,300 square meters.

Upon completion, the residential property can accommodate about 30,680 residents, according to the department. 

Besides accommodations, the development will also include other public works such as trade and service centers, parking lots, and educational facilities.   

The project developer will also build traffic works, water supply and drainage infrastructure, lighting systems, and green space, among others.

Construction is scheduled to start in the first quarter of 2025 and to complete in the fourth quarter of 2030.

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