The Housing and Urban Development Corp (HUD) officially started construction project of Phu My new urban area in Nghia Chanh Ward, Quang Ngai City, Quang Ngai province on January 30, 2010.
The new urban area will be built on an area of 170 hectares, including Green Park, lake, apartment buildings, and villas. In addition, in the new urban area, there will be a resettlement area, social houses, and apartments for low-income residents with the total floor area of 1.2 million square metres.
The project’s total investment capital is calculated at 1.25 trillion dong. The construction of this new urban area is expected to last until 2013.