VietNamNet Bridge – Hundreds of villas, worth at least VND5 billion ($250,000) each, have been abandoned for nearly a decade in districts 2 and 9.


 

Hundreds of abandoned villas in Thanh My Loi Ward, District 2. The price for a villa in this area is from VND5 to VND15 billion ($250,000 to $720,000), according to a real estate firm.
 
 

The 174 ha Thanh My Loi residential area project was allocated by the HCM City People’s Committee to 15 investors in the period 2004-2012.

 

 

 

 
 

 

 

 
 

An investor said that this firm built 42 villas and 300 European-style luxury apartments at a total cost of over 1,000 billion (nearly $50 million) for lease. This project is expected to be completed in 2017.

 

 

 
 

In An Khang - Phu Huu residential area in District 9, there are about 350 villas but only several of them are occupied.

 

 

 

 
 

Some villas are used to raise swallows and the remaining are abandoned.

 

 

 
 

 

 

 
 

 

 

 

 
 

 

 

 
 

 

 

 

HCM City also has many similar areas in the eastern part of the city, such as Bac Rach Chiec, Bach Khoa and Dong Tang Long.

Photo: VNE

 

Nam Nguyen