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Green residential project planned
Work will start in July on an 8 billion USD township only 13km from the heart of Hanoi across the Red River.
The project in Hung Yen province, which will go under the name of Eco Park (also known as the Van Giang Commerce and Tourism Township), is managed by the Viet Hung Development & Investment Company (Vihajico).
It will cover 500 ha and aims to set a milestone in environmental sustainability. About one fifth of the development area will be set aside for trees and other greenery.
A residential ward will be built in the eastern part of the site and will feature low and high-rise apartment buildings.
The most unique feature of the project will be an old town recreated to capture the feeling of villages in old streets of Hanoi .
Dao Ngoc Thanh, General Director of Vihajico, said that Eco Park was being built on flat terrain near many old villages.
The master plan has a central development spine surrounded by an intricate water network and a variety of residential communities. The spine will have compartmentalised districts, a central business district, waterfront district and old-town districts.
Thirty percent of the site area has been designated for residential purposes incorporating diversified types of housing such as low-rise, mid-rise and high-rise apartments, inland and canal housing.
Recreation facilities will include an 18-hole golf course, club houses, a central stadium and a sport complex.
Lye Kuan Loy, President and General Director of CPG Singapore, a strategic partner of Vihajico, claimed that the investment in landscape and environment would generate value for investors.
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