The Hue City Department of Finance has announced the call for investment for the Northern Urban Area 2 project. Strategically located within the Huong An and Kim Tra wards, the development will cover a total land area of approximately 22 ha, with a total invesment capital estimated at over VND1.8 trillion (nearly $68.5 million).

The project is designed to establish a synchronized urban zone with comprehensive technical and social infrastructure, aimed at meeting the growing demand for housing and services in the region.

In terms of development scale, the project is expected to provide approximately 350 individual housing units, including townhouses and garden houses.

Additionally, a dedicated social housing fund will be established with approximately 48,608 sq.m of floor area for apartment-style units, equivalent to about 530 apartments.

The urban area will also feature 2,197 sq.m of commercial and service floor space, along with educational facilities and public utilities, contributing to a complete urban ecosystem for both internal residents and neighboring areas.

According to the plan, the project has an operational term of 50 years starting from the date of land allocation or lease. The total implementation period is set at no more than 120 months (10 years), of which the construction of technical infrastructure must be completed within a maximum of 36 months.

The Northern Urban Area 2 project is a key component of the master plan for Hue City’s northern region—an area designated to become a primary space for urban expansion in the future.