» » City to prioritize bids for two prime land lots

HCMC’s Department of Planning and Investment is preparing to invite tenders for two projects to develop two lots of lands in prime locations in the city, said a department official.

The official, who is also a member of the city’s bidding committee, said one of the lots was at 164 Dong Khoi Street in District 1 and the other also in the downtown area.

The Dong Khoi Street lot could be the first to be put up for tender because it has attracted the attention of many potential investors and it is easier to be cleared than the other lots, the official said.

This 9,700-square-meter ‘golden’ lot is bordered by Nguyen Du, Dong Khoi and Ly Tu Trong streets, with 7,100 square meters managed by the city’s Department of Culture, Sports and Tourism and the remainder owned by around 145 families.

According to the city government, 66 investors are asking to bid for this land including Indochina Capital, HongKong Land, and VinaCapital.

This land lies within a community of architectural landmarks such as Notre Dame Cathedral and HCMC Post Office.

The HCMC Department of Zoning and Architecture has already set basic architectural standards for this project regarding maximum heights for structures of the project facing different streets.

The location of the second lot has not been revealed, but, as observed by the Daily, it is surrounded by Le Loi, Nam Ky Khoi Nghia and Huynh Thuc Khang streets and totals 4,470 square meters. This lot has attracted three investors.

Source: The Saigon Times

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