(Construction) – On the morning of April 26, Viet Duc Steel Manufacturing Group (VGS-HNX) held the groundbreaking ceremony for the Legend City Urban Area Project, marking VGS’s move to officially participate in the real estate sector. movables.
| Leaders of Vinh Phuc Provincial People’s Committee gave flowers to congratulate. |
Lengend City Urban Area project has a scale of over 60 hectares, divided into 2 phases. Phase 1 (27.5ha) includes: 197 shophouses, 201 villas, 2 20-storey commercial apartment buildings, social housing and commercial and service buildings, schools, parking lots, public works. green pellets. Phase 2 (34.5 hectares) includes: 185 shophouses, 203 villas, social housing and commercial and service areas, schools, parking lots, green water parks.
The Legend City project benefits greatly from strong infrastructure development in the area, with main roads such as the 100m wide Me Linh Avenue, National Highway 2A and especially Ring Road 4 of the Capital Region – the important development of Hanoi’s urban economy.
It is estimated that when completed, Legend City will be able to connect in 20 – 30 minutes with the capital’s top services such as: Starlake Urban Area, Ciputra Urban Area, Lotte Mall Vo Chi Cong commercial center, National Hospital. Vinmec International School (Vinhomes SmartCity), Concordia International School, Van Tri Golf Course.
| Delegates performed the groundbreaking ceremony of Legend City Urban Area Project. |
In addition, the Legend City project is located on the main road connecting the city centers of Vinh Yen and Phuc Yen, the regional connection system should inherit all of these two large cities from public utilities to utilities. shopping and entertainment area. From Legend City, it’s only a 5-minute drive to Phuc Yen city, only 15 minutes to Vinh Yen city, and only about 30 minutes to Noi Bai International Airport.
Legend City project owns more than 16 modern amenities, designed with high standards such as exclusive resident Clubhouse area, 50m Olympic standard swimming pool, outdoor sports complex, public library. Wetland Reserve conservation and educational park.
The project has been granted Construction License No. 01/GPXD by Vinh Phuc Department of Construction, dated April 22, 2024. Legend City is a new urban area project, pioneering new urban area projects in the Binh Xuyen and Vinh Yen areas.
According to the plan, by 2025 Binh Xuyen will become a town and by 2030 will become one of the three core urban areas of Vinh Phuc urban area. Therefore, Lengend City has the potential to develop and increase in value over time, especially when the land fund to develop projects of similar scale in the centers of large cities is becoming less and less and the trend is shifting. Urban areas out of the core area are of interest to large investors.
According to the investor, Vinh Phuc has great development potential to develop the real estate market as it borders Hanoi, near Noi Bai international airport, the infrastructure is invested and developed synchronously, and is a place where concentration of many industrial parks and many large FDI enterprises in the North.
In addition, in the future, Vinh Phuc will have 41 industrial zones and clusters and is expected to create abundant job opportunities for workers as well as foreign experts. Particularly for the project area, the total population is more than 500,000 people (from Binh Xuyen district and two neighboring areas, Me Linh district and Phuc Yen city), which is the basis for the need to form modern urban areas. , synchronously, meeting the needs of improving people’s quality of life.
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| Mr. Le Minh Hai – Chairman of the Board of Directors of VGS spoke at the ceremony. |
Sharing at the groundbreaking event, Mr. Le Minh Hai – Chairman of the Board of Directors of VGS said that Lengend City is focused on maximum resources by the business to deploy. After a period of careful and dedicated preparation, with the cooperation of many big names from Singapore and the United Kingdom, the project has officially launched phase 1 on-site construction and may be launched on the market. later this year.
Along with that, VGS is actively preparing to invest in phase 2 of the project. It is expected that phase 2 site clearance work will be completed by the end of this year.
According to Mr. Hai, Legend City is a landmark project for the group, marking VGS’s development into an industry group and demonstrating its commitment to creating sustainable values for the community. businesses pursue. With Legend City, VGS wishes to create a real estate product with sustainable, lifelong value.
VGS leaders are confident that, by seriously completing full and transparent legal procedures; Designing the project in a synchronous and methodical manner will be a reliable basis to attract an elite community of residents and major partners in trade, services, retail, and entertainment of international standards. come to the urban area.
