Dong Nai sees host of failed housing projects | ||||
| Nhon Trach District in the southern province of Dong Nai is well known for its strategic location near a bridge connecting to Ho Chi Minh City and close to Long Thanh International Airport.
However, despite its prime location, the district has been left fallow due to a mass of sluggish housing projects. One of the largest projects is the Long Tho residential area in Phuoc An Commune, invested in by the Housing and Urban Development Corporation. The project, approved by Dong Nai Province’s People’s Committee in January 2002, was to be built on an area of 223 hectares. The construction included building houses, villas, schools, hospitals, banks, post offices, an administrative center, entertainment venues, and exercise and sports areas. Upon completion, it was expected that the complex would serve 25,000 residents. After five years, however, only a few roads were built and the area was mainly deserted with just a few houses. Today, not much has changed. In plots allocated for infrastructure, plants have grown tall and taken over much of the area. Original houses in the area have long been abandoned with their windows smashed. Several houses have been converted to breed a type of bird called salanganes. Elsewhere, an old tennis court can also be seen rotting away. According to the Nhon Trach real estate exchange floor, there are fewer than 150 houses now standing in what was to be a massive residential urban area. Next to this plot of land is another 135-hectare housing project that the Housing and Urban Development Corporation responsible for. Phuoc An Commune has also seen two other residential projects of the Thanh Hung construction and trading company fail to get off the ground. One of the projects was granted land in 2004 but is just now clearing the site. The other project was approved in 2005, yet the company has not made any progress. The commune has a total of 889.8 hectares of land reserved for building residential areas. However, even those that have been completed look like they’re already decaying. And despite the fact that so many older projects have failed to progress on schedule, a host of new ones were unveiled in 2009. Phu Hoi Commune, considered the center of Nhon Trach District, has seen the same situation with dozens of projects being carried out sluggishly or not at all. With a prime location near the district People’s Committee, the 25-hectare residential and commercial area, invested in by the Cho Lon real estate company, was approved in 2003. However, the provincial People’s Committee announced recently that it would revoke the project because the investor had failed to compensate the residents, leaving their properties in limbo for several years. Arguably the worst case is the Long Tan residential area project of Thien Nam construction and trading company. After the project was approved in 2002, the company simply dissolved. The project was set to be built on an area of 30 hectares, affecting 53 local households. However, in 2005 the investor met with residents just once to discuss compensation and then disappeared, said resident Nguyen Thi Kim Loan. Chau Thanh Phong, chairman of the commune People’s Committee said the project has been suspended for the past five years. However, it has not been revoked, causing difficulties for local residents as they cannot sell or mortgage their property to obtain bank loans to do business. Nhon Trach District now has 74 residential area projects with a total of 4,740 hectares of land having been delivered to investors. Of them, 12 projects are under construction while the remaining are lagging behind schedule. | ||||
Saturday 10 April 2010
Dong Nai sees host of failed housing projects
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