An artist’s impression of the Laimian City project in District 2, HCMC.

An artist’s impression of the Laimian City project in District 2, HCMC.

The Laimian City project is located in the An Phu - An Khanh Urban Area complex in HCMC’s District 2 and was approved by the Prime Minister under Decision No. 1042/QD-TTg dated November 16, 1998. The site was allocated for the project under Decision No. 783/QD-TTg dated August 13, 1999.

The 1/500 detailed planning for the project was approved in line with Decision No. 3910/QD-UBND signed on March 29, 2010 by chairman of the District 2 government. The investor has completed the payment of land use fees for the whole project as well as other financial obligations.

Therefore, the investor is executing the project based on the Prime Minister’s decision by developing the entire urban infrastructure with traffic, electricity and water systems.

A bird’s eye view of the Laimian City project in District 2, HCMC.

A bird’s eye view of the Laimian City project in District 2, HCMC.

Under the prevailing regulations, the project is exempted from the construction license. Particularly, under Clause 2, Article 89 of the 2014 Construction Law, investors do not need to seek construction licenses for their projects if the projects are approved by the Prime Minister, ministers, heads of ministerial-level agencies and chairmen of the People's Committees at all levels.

Laimian City project developed in line with regulations

Pursuant to Article 89 of the Construction Law, the Laimian City project is exempted from a construction license. Therefore, the information that the project is being executed without the approval of the competent agencies is inaccurate.

The project investor has completed procedures, receiving the project approval and land allocation decision from the Prime Minister, District 2’s approval of1/500 detailed planning and approvals by the HCMC government, the municipal Department of Planning and Architecture and the city’s chief architect.

As for items that need construction licenses, the investor has applied to the Ministry of Construction and the ministry will make a decision by July 30, 2019, according to a source from the Ministry of Construction.

 

Laimian City project developed in line with regulations

 

The representative said the rumor might have been spread by HDTC’s rivals. HDTC will inform customers of its sales policies, apartment prices and payment process when the apartments are officially put up for sale.

The Laimian City apartment project, located in the An Phu - An Khanh Urban Area in District 2,a prime location in the new administrative center of District 2, covers 133 hectares and is divided into 12 functional areas for apartments, commercial centers and offices. Laimian City offers a great view of the city center with a lot of conveniences, so it attracts great interest of customers.

Source: Saigontimes