Kosy – Lao Cai Urban Project

Date 21/09/2021

Project overview

Project name: Urban sub-area no. 17, Lao Cai – Cam Duong new urban, Lao Cai City, Lao Cai Province (referred to as KOSY – Lao Cai Urban Project).

Location: Binh Minh Ward and Bac Lenh Ward, Lao Cai City, Lao Cai Province.

Scale of land use: 38 ha.

Population size: About 4,176 people

Total estimated investment: VND 412 billion

Number of land lots for townhouse: 603; area: 80 – 100m2/ lot

Number of land lots for villa: 132; area: 200 – 450m2/lot

Number of land lots for bungalow: 43lots; area: 500 – 650m2/lot.

Land for public works: 7,005 m2

Land for education: 20,400 m2

Land for greenery and water surface: 47,600 m2

Land for transport + other technical infrastructure: 137,202 m2

Project Location

Lao Cai City is a hub of politics, economy and culture of the province and a hub of services, trade and tourism of the Northern mountainous provinces. The city has an international commerce border gate with China, a traffic focal of road, rail, waterways in the region and the world – this is the favorable condition to attract investment and economic exchanges with the localities in key economic areas to the North and with the countries in the region.

KOSY – Lao Cai Urban Project is built at the starting point of Lao Cai – Hanoi expressway, as a gateway to the city center and right next to the new administrative center of the province.

– The North-East borders the commercial domestic houses- HUD8 Housing and Urban Development Investment Joint Stock Company (Tran Hung Dao Boulevard);

– The Southeast is bordered by the residential area, Hoang Sao street;

– The Northwest is bordered by Suoi Cau Bac Lenh;

– The Southwest is bordered by the utility areas behind Hoang Van Thu Street.

The Urban sub-area is from: Province’s Hospital 1.5 km; College of Pedagogy 0.7 km; Cultural Sport Center 0.5 km; Central Square 1.5 km; Provincial Headquarters 1.5 km, very convenient for transportation, connected with the surrounding utility areas. This is an area with a high educational level, developed economy – society, synchronized and modern infrastructure planning meeting the people’s demand for jobs, activities and recreation.

The project’s advantages

KOSY – Lao Cai Urban Project is scientifically planned in accordance with the natural weather conditions of the area. The project has main utility areas: Area of housing, services, trade, education, culture – sport, recreation and some public works of local and urban levels. KOSY – Lao Cai Urban Project is designed in a modern style based on the natural terrain conditions, located in a cool, fresh region, beautiful natural scenery that will give residents an ideal living environment close to nature.

Location, design style of the items is calculated in accordance with the nature and function of each work. This is not only to create a convenience, affordability for users, but also to ensure the beauty and richness for the overall landscape planning of the urban area. The project’s open landscape space studied, designed in accordance with the developing conditions of the surrounding work items will play an important role in improving the life quality in the urban area. The project not only directly serves people’s living needs, but also improves the landscape quality and contributes to the improvement and conservation of nature and the urban environment. Besides, the central landscape axis and green core, the project will build the scenery lines along the local traffic roads with the urban greenery system, architectural landscape and the urban lighting system.

Project potentialities

In recent years, Lao Cai city’s economy-society is developing rapidly. An average economic growth rate during 2004 – 2014 is 15%. People income is improved. More and more people are wealthier, the housing demand is also increased.

Meanwhile, there have not been many planned residential areas and synchronous infrastructure in Lao Cai city, so the city’s real estate market still lacks good quality products to meet the growing needs of people.

The licensed investor’s proposed sale price for 1 m2 of land is c to the most people in Lao Cai city, and the areas adjacent to the project and other localities in Lao Cai province, especially officers, employees working in departments, agencies, Vietnam Apatite Company, organizations, businesses… in the province.

KOSY Joint Stock Company – the project investor has selected the qualified construction units with flexible plans to ensure quality and reasonable cost, so the historical costs and land price are low and competitive in the market compared with other projects in the area.

With the outstanding advantages mentioned above, the land in KOSY – Lao Cai Urban Project is evaluated to be strongly consumed and competitive in the market. This is a good business opportunity that will have brought high returns for investors. 

The project progress

After a long survey, research of investment opportunities in Lao Cai Province, KOSY Joint Stock Company has proposed the People’s Committee of Lao Cai province to permit the construction of new urban areas in Bac Lenh ward and Binh Minh Ward, Lao Cai City, Lao Cai Province. Based on the planning document prepared by KOSY Joint Stock Company and the Consultant, the detailed construction planning 1/500 of the Project of Urban sub-area no. 17, Lao Cai – Cam Duong new urban, Lao Cai city, Lao Cai province has been approved by the Chairman of People’s Committee of Lao Cai city. KOSY Joint Stock Company has also been selected as the project investor by the Chairman of People’s Committee of Lao Cai city.

The company has actively tried its best to complete the project on schedule.