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Hanoi City's authority decides to halt 11 golf-course projects
08/Mar/2010 Intellasia | Dau Tu page 1
8 Mar, 2010 - 11:22:53 AM
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Hanoi City People's Committee has decided to halt and change the construction purposes of 11 out of 19 golf-course projects in the city.

According to the latest statistics offered by the city's authority, Hanoi has 2,214 hectares out of 6,362 hectares, counting for 35 percent of the total land area to be supposed for golf-course construction purposes. The remaining land area is for construction projects of hotels, villas, trade centres, and eco-tourism area and for entertainment purposes.

As the result, the city's functional authorities will have to check in order to adjust the construction scale and purposes in projects of golf-course complex, to separate those projects with real estate trading ones with the purpose of managing the land resource, causing loss for state-budget.

In Q1 of 2010, the investors of the 11 projects to be halted are required to contact with the city's department of planning and architecture for checking and adjusting the construction plan before carrying out the following procedures. After the above-mentioned period, those investors who fail to contact with the authority will be considered as refusal for conducting the projects.





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