The two projects were implemented after Long Thanh International Airport in Dong Nai Province got the go-ahead.
Hoang Quan Real Estate Company’s Hoang Quan project was the first property project implemented to benefit from Long Thanh International Airport project.
The five-hectare project which was built in 2010 has 21 semi-detached houses and 78 villas. Most of the houses have been sold. But a majority remain empty.
Many houses left abandoned near Long Thanh International Airport
A woman from Long An Province said that her family spent VND5.5 billion to buy a villa in the project in 2012. However, over the past 10 years, she has not yet been provided with the land ownership certificate. Therefore, it is quite difficult for her family to resell it. Meanwhile, the house has started deteriorating.
Some areas in the project are covered with wild grass.
Thuan Loi Investment and Development JS Company’s 49.8-hectare Century City site has 2,150 houses which can accommodate 10,000 people. Up to 95 percent of houses in the first phase have been mainly bought by property speculators. Many people bought several houses at the same time.
To date, most of the project’s houses have been left used.
