Following recent approval by the Da Nang government, the Ha Noi-based FBS company will increase the total investment of its Thuy Tu urban area project located in Lien Chieu District’s Hoa Hiep Nam Ward to 1,800 billion VND, 4 times higher than the capital initially registered in 2007.

An artist's impression of the huy Tu urban area

Covering a total area of 598,654m², the technical infrastructure development project at the Thuy Tu urban area will feature functional areas.

Included will be adjacent residential areas, villas, public works, commercial and service areas, technical infrastructure, an entertainment park, verdure landscape, water surface, and other auxiliary facilities.

The city’s approval has given the project an operation term of 50 years from 10 November 2010, the date when the developer was approved to made first adjustments to the project.