According to the compensation plan, Mr. L.T.T. is the legal owner of three plots - numbers 63A and 65–67 - on Dinh Tien Hoang Street, widely considered one of the most valuable real estate corridors in the capital.

The total area to be reclaimed from the family spans 421.9 square meters, including 143 sqm at 63A and 278.9 sqm at 65–67. At the compensation rate of over 1.1 billion VND per square meter (approx. $45,000/sqm), Mr. T. is set to receive more than 466 billion VND.

Speaking to VietNamNet, Mrs. L.P.M., Mr. T.’s wife, confirmed that the family fully supports the city’s relocation plan. They have already completed paperwork for a resettlement site in Dong Anh District, with an area equivalent to their original home.

“Our family is now finalizing the legal procedures to receive the compensation payment soon,” she said.

The East Hoan Kiem Park and Square project covers around 2.14 hectares, bounded by Dinh Tien Hoang, Ly Thai To, and Tran Nguyen Han Streets.

According to Hoan Kiem Ward authorities, the project affects 59 landowners (42 households and 17 organizations), with a total affected area exceeding 21,151 square meters.

For land managed by organizations - including the Hanoi People's Committee Office, Golden Heart Charity Association, and Hanoi Blind Association - the state will repossess the land without compensation, as it was allocated rent-free.

Some offices, such as the Department of Culture and Sports and the Northern Power Corporation headquarters, will remain for now and be subject to future planning in the next project phase.

The project is divided into two phases.

Phase 1 focuses on site clearance, spatial improvements to the square, and relocation of technical infrastructure.

Phase 2 will develop a separate project to explore a three-level underground space connected to the C9 metro station (part of Hanoi’s Metro Line 2), intended for commercial and cultural use.