The People's Committee of Hue City in central Vietnam has approved the investment policy for the Northern Urban Area Project No. 1.
The project aims to construct a modern urban area with synchronized technical and social infrastructure, integrated with public institutions, commercial centers, and services, while meeting the housing and accommodation needs of both residents and tourists.
The total investment capital for the project is estimated at more than VND4,110 billion (over $156 million), excluding land use fees and land rental fees.
According to the plan, the maximum construction area is approximately 9.9 ha. Of this, about 7.5 ha are dedicated to housing, while the remaining 2.4 ha are allocated for service and educational facilities.
The total construction floor area is approximately 52.4 ha, comprising 38.5 ha of residential floor area and 13.9 ha for commercial, service, and educational purposes.
The project will develop two main types of housing: commercial townhouses and social housing apartments. The expected housing inventory includes 725 townhouses and 515 apartment units, capable of accommodating a population of approximately 3,470 people.
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