DIC VICTORY CITY HAU GIANG URBAN AREA IS OFFICIALLY ELIGIBLE FOR SALE

DIC Victory City Hau Giang urban area project has been agreed by the authorities to allow the sale of products. DIC Group is expected to record VND 611.7 billion in revenue from the opening of phase 1 of this project.

Overall perspective of DIC Victory City Hau Giang urban area.

Estimated revenue of VND 661.7 billion in Q4/2022

Vi Thanh Residential and Commercial Area Project invested by Construction Investment Development Corporation (DIC Group) as an investor with a large area 83.46 ha, population size 17,000 people. Currently, DIC Group has basically completed the compensation and site clearance work, implemented investment in the synchronous construction of technical infrastructure in Subdivision 1 and continues to urgently carry out construction investment in the subdivisions. the rest as well as the business architecture at the Project.

As one of the four key projects generating revenue in 2022, from the beginning of the year, DIC Group has focused its resources on implementing the Project and completing legal procedures in order to qualify for the sale of products in the near future. Fourth quarter of 2022.

Up to now, the authorities of Hau Giang Province have agreed on the policy of allowing DIC Group to open and sell products in Subdivision 1 (16.49ha) in two forms: sale, lease-purchase of houses formed in the area. future for 104 shophouses and transfer of land use rights for customers to build houses according to the approved planning and design.

According to the business plan approved by the Board of Directors, DIC Group officially opened for sale phase 1 - The Streng subdivision (subdivision 1 - 16.49ha) including: 264 land lots (subject to land use right transfer) and 103 townhouses with a total area of 40,249m2 of land and 34,275m2 of construction floor in 2 forms of retail or wholesale.
 

DIC Group officially opened for sale phase 1 - The Streng subdivision (subdivision 1 - 16.49ha).

Currently, DIC Group has selected a unit with financial capacity to wholesale all products of Strength Division and VND 611.7 billion in revenue is the expected revenue of DIC Group from the sale of the subdivision. Strength of this great metropolis. This is also a source of revenue accounting for a large proportion of the revenue structure from the real estate transfer segment of DIC Group in 2022.

Sharing about the profit rate of the project, Mr. Hoang Van Tang - General Director of DIC Group said: “DIC Victory City Hau Giang urban area possesses many competitive advantages in terms of selling price because the project has been researched and invested by DIC Group very early. This is one of the projects that bring a large source of revenue in the production and business plan of DIC Group with a relatively high profit/revenue ratio."

LEGAL GOLDEN ROUND affirms INVESTOR'S PRESTIGE

With the orientation of prioritizing all resources for urban development, in parallel with industry, agriculture and tourism, Hau Giang has initially attracted many large corporations, potential for investment. Notably, the DIC Victory City Hau Giang project - the most livable model urban area in the center of Hau Giang.

Located right on the 53m frontage of Vo Nguyen Giap Boulevard, connected to the largest arterial axis of Vi Thanh city, National Highway 61C - where the main road and waterway traffic location is, DIC Victory City Hau Giang owns a great location. The "strategic" location is located right next to the administrative center and leading utilities of Hau Giang province.

The project possesses many advantages in terms of strategic location, convenient traffic connection, synchronous and modern infrastructure, and utility system. This is an outstanding project with solid legal status as an investor by DIC Group. Currently accumulated compensation for site clearance of the whole project reaches 74.05ha/83.46ha, about 89% of the whole project area. DIC Group also fulfilled its financial obligation to pay land use fees on an area of ​​68.17ha. After completing the investment in building technical infrastructure and shophouse in subdivision 1, DIC Group quickly focused resources to deploy the construction of subdivision 2 by the end of 2021.

Some actual project pictures:

DIC Group Communication Department