Hanoi approves 99.8 trillion VND Bac Thang Long Urban City project

Hanoi authorities have approved the investment policy for the Bac Thang Long Urban City multi-purpose urban area, located in Thien Loc and Phuc Thinh communes. The project has an estimated total investment of approximately 99.788 trillion VND and covers a total area of about 465.45 hectares.

The development is designed to accommodate an expected population of 97,492 people, with a total residential floor area exceeding 5.5 million square meters. A significant feature of the project is its focus on social welfare: approximately 62% of the total residential floor area is allocated to social housing (21.83%), resettlement housing, and official government housing (40.17%), while commercial housing accounts for the remaining 38%.

The project will be implemented by a consortium of five investors: Hanoi Housing Investment and Development Corporation (Handico), Sunshine Group, Big Gain Investment Co., Ltd., Thai Nam Land JSC, and Potamos Real Estate JSC. Construction is scheduled to take place between 2026 and 2032, with an operational term of 50 years.