The Cao Xà Lá Urban Functional Area Project is located at Nos. 231, 233, 233B, and 235 Nguyen Trai Street, Khuong Dinh Ward, Thanh Xuan District, Hanoi. The project is invested in by Sao Vang Rubber Joint Stock Company; Xavinco Real Estate Joint Stock Company; Thang Long Real Estate Investment and Business Joint Stock Company; and Xalivico Limited Liability Company, with a total investment of approximately VND 17,500 billion (USD 675 million).

The project is implemented on a total site area of approximately 11 hectares, forming a functional urban area and a mixed-use complex comprising commercial, service, and high-rise residential developments, integrating housing, retail, services, offices, educational facilities, and public works.

The project is expected to commence implementation from Q2 2026 and be completed during the 2029–2030 period. At present, existing structures across the entire site are being demolished to prepare the site for construction.