Novaland's Aqua City project receives approval for 3,800 units

The Dong Nai Department of Construction has issued a notice regarding the eligibility of nearly 3,800 residential units at the Aqua City project to be sold as future-formed real estate. This development is part of a massive 1,000-hectare project with a total investment of approximately $8 billion, located along the Dong Nai River.

The approved units include 1,568 homes in the Cu Lao Phuoc Hung subdivision (Subdivision 2) managed by Novaland Real Estate Investment JSC. Additionally, 916 units in Subdivision 3, managed by Gia Duc Real Estate Co., Ltd., and 1,310 units in Subdivision 5, managed by Dai Phat Real Estate Investment and Development JSC, have met the necessary conditions for business operations.

According to the Dong Nai Department of Construction, these 3,794 units comply with the regulations for future-formed real estate as stipulated by the 2023 Law on Real Estate Business. The Aqua City project is considered a critical, high-stakes development for Novaland.