The Phu Yen Provincial People’s Committee has requested that the consulting unit soon complete a proposal for an urban development area along the two banks of the Ba River. An area of more than 22,000 ha in the south-central province will receive investment in the construction of highlight projects such as islands, symbolic bridges, eco-tourism, a health rehabilitation center, a wildlife sanctuary, and golf villas.
South-central Phu Yen province will auction the land use rights for three housing projects with a total area of more than 50,000 sq m, a population of over 5,000 people, and total investment of some VND4 trillion ($170.8 million). The province has set a target of reaching a per capita housing area of 28 sq m by 2025 and 31.7 sq m by 2030.
Seven housing projects and six resort and vacation real estate projects were implemented in the south-central province Phu Yen during the third quarter of 2021. Seven other housing projects are completing procedures to kick-off construction, while three are completing procedures for investor recognition and six are selecting investors.
In order to exploit the potential of its land fund to generate budget revenue to prioritize infrastructure investment, south-central Phu Yen province will hold auctions and tenders for 318 projects and land plots with a total area of nearly 513 ha. It is expected that the province will collect more than VND35.647 trillion ($1.5 billion).
