Ma Lang area land compensation in Ho Chi Minh City proposed at over 484 million VND/m²

A draft compensation plan for the Ma Lang urban renewal project in Ho Chi Minh City's Ben Thanh Ward proposes land prices significantly higher than the city's official rates. Properties located on Nguyen Trai Street are slated for compensation at over 484.5 million Vietnamese dong per square meter, a rate 1.7 times higher than the city's benchmark of 283 million dong per square meter.

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over 484.5 million Vietnamese dong per square meter

The project, which aims to redevelop the Ma Lang and Ga Gao market areas, will affect approximately 1,042 households and 13 organizations. The land acquisition covers an area of over 37,740 square meters. The draft plan, released by the People's Committee of Cau Ong Lanh Ward, details compensation rates for land use rights and apartment ownership.

Land prices vary by location and proximity to major streets. For instance, land on Nguyen Cu Trinh Street is valued at over 457 million dong per square meter, while land on Tran Dinh Xu Street is priced around 344.3 million dong per square meter. Along Cong Quynh Street, land prices are estimated between 108.7 million and 181.1 million dong per square meter, depending on the specific location and land type.

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1.7 times higher than the city's benchmark of 283 million dong per square meter

Agricultural land within the Ma Lang area is also subject to compensation, with prices ranging from over 42.8 million dong per square meter for prime locations to nearly 34.3 million dong per square meter for secondary spots. Compensation for apartment ownership is projected between 55.8 million and 70.1 million dong per square meter.

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8 million dong per household per month

For the estimated 1,042 households affected, temporary housing support is planned for six months. Households with up to four members will receive 8 million dong per month, while larger households with five or more members will receive 2 million dong per person per month, capped at 24 million dong per household monthly. The plan for permanent resettlement, including apartments and low-rise housing, will be detailed after approval from relevant authorities.

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2 million dong per person per month (but not exceeding 24 million dong per household per month)