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Guiding Constructor For Housing Development Program In HCMC

Guiding constructor for housing development program in HCMC

To timely implement, the development of housing, approval of investment policy for housing construction projects, HCM will apply the form of appointment of constructors.

On October 13, Le Van Khoa, Vice Chairman of the People’s Committee of Ho Chi Minh City, presided over the meeting on housing development program for 2016-2020 and orientation to 2025.

Tran Trong Tuan, Director of the Construction Department, said that this program will have an overview of the natural and socio-economic conditions of Ho Chi Minh City, analyzing and assessing the status of housing, demand forecasts The development budget, implementation schedule and responsibilities of the parties … The total budget for the program is more than VND2.3 billion.

Accordingly, the project will go into depth and study about the location, area of housing development, a total floor area of housing construction in each year and five-year plan. Clarify the percentage of individual dwellings, apartments to be built and social housing to be built.

Guiding constructor for housing development program in HCMC
Identification funds for the development of housing.

In addition, the program also determines the average housing area in urban and rural areas and the minimum housing area. Specifying the land area for construction of dwelling houses for 5 years and annually.

The housing development program will clarify the proportion of individual housing to the apartment

To build the program, the Department of Construction will work with the project management of urban areas: Thu Thiem, South Saigon, North West … and districts to listen to suggestions. It is expected that the program will be approved by the People’s Committee of Ho Chi Minh City later this year.

Under the Law on Tendering, programs and projects with a budget of more than VND 500 million must be through bidding. In order to timely implement the development of housing, approval of investment policy for housing construction projects, the Department of Construction proposed the People’s Committee of Ho Chi Minh City to apply the form of appointment of constructors.

At the meeting, Mr. Le Van Khoa agreed with the form of contractor appointment but required the Ministry of Construction to choose a unit because they have a lot of experience.

Guiding constructor for housing development program in HCMC
To build the program, the Department of Construction will work with the project management of urban areas: Thu Thiem, Saigon South, North West …

Bidding in HCMC is not new. Previously, to revamp investment for Thu Thiem new urban area, Ho Chi Minh City has a series of proposals to the Prime Minister for permission to select investors instead of bidding. At present, there are many large-scale projects designated by the city to invest in Thu Thiem New Urban Area.

>>>See more information about the real estate market here: Vietnam real estate market

Specifically, the Viet Song complex is located in the functional area No.1 with a total capital of more than VND7,000 billion was assigned to the company Loc Phat Quoc. Dai Quang Minh was also selected by the city to deliver the project with the method of land conversion for infrastructure. Dai Quang Minh invested 4 main roads in Thu Thiem new urban area to get some land lot without having to go through bidding.

In addition, Lotte South Korea will build Thu Thiem Eco-Smart City, a joint venture between Tien Phuoc Real Estate Joint Stock Company and Tran Thai Real Estate Co. Ltd. and Denver Power Ltd Co Ltd. Thu Thiem Observation Tower Complex is in the form of contractor appointment.

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Guiding Constructor For Housing Development Program In HCMC
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