The People’s Committee of Dong Nai has approved adjustments to the planning of sub-area C4 in Bien Hoa, reducing the projected population to 140,000 with adjusted technical and land use criteria for urban development. The total area remains at 1,500 hectares with approximately 60.87% for residential land. Novaland’s projects, including Aquacity and Phuoc Hung Island urban area, have seen adjustments shifting from high-rise residential to low-rise, along with modifications in infrastructure land. Nam Long’s Waterfront project has similar changes. Additionally, the Long Hung residential area will increase the height of certain blocks from 15 to 25 floors. In terms of stock performance, Novaland rose over 50%, and a major shareholder group announced plans to sell 18.7 million shares.
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