The  People's Committee of Thanh Hoa province in the central region has granted in-principle approval for investment policy in two residential and mixed-use apartment projects, with a total capital estimated at nearly VND4.5 trillion (over $170 million). 

Investors for both projects,  in Hac Thanh Ward, will be selected through an auction of land use rights.

The first project, the B-HH Mixed-Use Residential Area, has a preliminary total investment of nearly VNĐ1.8 trillion (over $68 million). This figure will not be used as the basis for calculating land use fees or the investor's other financial obligations.

The project will cover a total land area of over 46,323 sq.m and is expected to house a population of around 2,268 residents.

Its objective is to develop a new residential area with integrated technical infrastructure. The main products will include 675 apartment units and 81 townhouses, along with supporting amenities.

The second project, the E-HH Mixed-Use Apartment Building, has a preliminary implementation cost of approximately VNĐ2.66 trillion (nearly $101.7 million). This project will be developed on an 11,858 sq.m site.

This project aims to develop a modern, integrated residential area that contributes to completing the local infrastructure.

It is projected to have a population of around 3,360 residents, with its primary offering being 1,120 apartment units.

Both projects are granted a 50-year term, with a maximum completion timeline of five years from the date of land handover by the state.