Most of the 793 hectares of highly valuable land, commonly known as "golden land" here remains idle due to a shortage of investors with sufficient financial capacity, Vietnam News Agency (VNA) reported.
Interest in the land, located in districts 1, 9 and Binh Thanh, continues to be intense, city officials have said.
District 1, which includes the prime downtown area, contains 4.9ha of the total golden land area, as well as some of the city's most expensive sites.
Of the eight projects to be located on the prized land, only two are in the pipeline.
