The VND4.4 trillion (US$195 million) Golden Palace A project will be located on 20.6 hectares, comprising of an amusement park, a school complex and two trade-apartment buildings.
Construction of the amusement park will begin in the first quarter of 2017 and finish in the fourth quarter of 2018. The park will cover about 14.4 hectares, providing entertainment space and services for area residents.
|The proposed location of the Golden Palace A project(Source: news360.vn)
The school complex, constructed in the first quarter of 2017 and completed in the fourth quarter of 2021, will span an area of about 1.5 hectares, comprising of a high school, a secondary school and a kindergarten.
The trading and apartment complex, covering an area of 2.5 hectares, will comprise of three 30-plus-storey buildings with over 1,700 apartments, together with commercial centres and offices.
In addition, the project will have another 5-storey building, better known as shophouse, spanning nearly 5,400 metre squares, comprising of 22 apartments.
According to local media, Golden Palace A was formerly owned by the PetroVietnam Construction Joint Stock Corporation (PVC). According to the original design, PVC expected to build a US$1 billion 102-storey tower, which once in place would have been the country’s tallest structure.
However, in July 2015, Hanoi People’s Committee officially appointed Mai Linh Investment JSC as the project’s new investor. And at the same time, the project was renamed "Golden Palace A".