The People’s Committee of District 3 in Ho Chi Minh City is seeking the municipal government’s approval to replan the entire district in order to attract investors capable of helping develop the local economy, particularly in the areas surrounding the proposed Ho Con Rua (Turtle Lake) Pedestrian Street and Nguyen Thuong Hien Food Street.
The tentative replanning was disclosed at a working session hosted by the municipal People’s Council on Tuesday to discuss the implementation of the ongoing 2016-25 housing development program.
District 3, with an area of 4.92 square kilometers, currently has many projects, most of which were approved in 2003, including one relating to a 930-hectare downtown area.
The district is now seeking the city’s approval to redesign ten of the projects as two district-wide planning projects.
The proposal also calls for facilities in the district to be replanned to accommodate high-end services that can serve and meet the demands of visitors to the downtown area.
The new plan would not include land for the development of residential houses.
The district has also mulled over a redesign of Nguyen Thi Dieu Street and another street, as well as creating a simplified construction licensing process.
The proposed Ho Con Rua Pedestrian Street and Nguyen Thuong Hien Food Street in District 3 will also continue to play a key role in the development of tourism, alongside historical, cultural, and religious sites along Nhieu Loc-Thi Nghe Canal.
Some villa areas will be zoned off to preserve their architectural values, while others will be restructured with higher densities in order to meet investors’ demand.