Authorities of central Thanh Hoa province have given the green light to a series of projects investing in urban and residential areas, contributing to heating the local real estate market.

They include the new urban area No.01 which covers nearly 50ha in Rung Thong Town in Dong Son District,  with total investment capital estimated at more than VND4.8 trillion ($188 million).

Upon completion, the urban area will have an estimated population of 12,100.

Meanwhile, a residential and resettlement area will be developed on 11.3 ha in Thanh Hoa city with a population of over 2,800. Total investment capital allocated to this project is estimated at over VND1.12 trillion ($44 million).

Earlier, the province had approved the investment policy of the urban area No.6 in Nghi Son Economic Zone, which will cover 744ha and is expected to accommodate nearly 31,000 people.

On May 28, the provincial People’s Committee decided to license a joint venture to invest more than VND2.73 trillion ($107.4 million) in building a 34-ha urban area in Quang Xuong district.