The Thanh Hoa Provincial People’s Committee in central Vietnam has officially issued a decision approving WESTMINSTER Vietnam Group JSC as the investor for the Phu Son Social Housing Project.
The project is located within the Phu Son Ward resettlement area in Hac Thanh Ward. The provincial authorities had previously approved the investment policy for this project on May 12, 2025, under Decision No. 1409/QD-UBND.
The development will be situated on a 1.6-hectare site where land clearance has already been completed. The approved plan includes the construction of two synchronized 21-story social housing towers, each featuring a basement.
The project is expected to provide approximately 890 units, including 860 social housing apartments and 30 low-rise commercial houses, which will be built as shells with finished exteriors. Once completed, the complex is projected to accommodate roughly 3,000 residents.
The total preliminary investment for the project is estimated at over VND1.55 trillion (approx. $60 million). Of this, the developer’s equity contribution exceeds VND310 billion ($12 million), with the remaining capital to be mobilized in accordance with the project’s implementation progress.
Regarding the timeline, the project must be completed within 36 months from the date of land handover. Additionally, within 60 days of the approval decision taking effect, the investor is required to finalize all administrative procedures—including those related to construction, environment, and fire safety—to ensure the project is ready for its official groundbreaking.
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