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Hanoi can build social housing at VND 200 million / unit by 2019

Hanoi can build social housing at VND 200 million / unit by 2019

This is the chairman of HCMC People’s Committee. Hanoi Nguyen Duc Chung at the 12th Vietnam Union Congress, held on September 24.

Chairman Nguyen Duc Chung said that Hanoi was the first local to complete more than 8,200 houses for people with merit on July 27, 2017. In 2018, the city shall coordinate with the Ministry of Labor, War Invalids and Social Affairs and the Ministry of Construction to complete the construction and repair of houses for the poor in October 2018.

“According to the plan, the city will continue to build 2.8 million square meters of union housing for low-income workers, as well as build on the plan on the 2% land fund of the urban area, strive to have a home in the society for VND 200 million / unit for sale to workers in 2019, “Chairman of the People’s Committee of Hanoi said.

Hanoi can build social housing at VND 200 million / unit by 2019
Hanoi can build social housing at VND 200 million / unit by 2019

Chairman of the City People’s Committee. More than two years, the city has completed more than 8,000 houses for workers, with a rent of VND29,000 / sqm / month; Completed 181,000sqm social housing, including many workers buying houses at the price regulated by the Government.

Currently, Hanoi has 41 social housing projects are under construction, by 2019-2020 will have 3.5 million/ sqmsocial housing for the objects.

Previously, Ho Chi Minh City of Real Estate Association (HoREA) also said That Ho Chi Minh City can make 30sqm social apartment (including 20sqm floor and 10sqmmezzanine) with the price of about 200 million per unit in some areas similar conditions as Binh Duong

According to HoREA, the land fund for the construction of the social housing mentioned above can be obtained on the basis of adjusting the detailed planning to reserve land for social housing as in Linh Trung I, II and III Export Processing Zone ( 326 hectares), high tech park (913 hectares, especially in the second phase), Quang Trung Software Park (43 hectares), Ho Chi Minh City National University (647 hectares, of which about 2/3 of Binh Duong area).

~~>>Update on new information on the real estate news in Vietnam here: Vietnam real estate news

Particularly, Hiep Phuoc seaport industrial zone (3.600 ha) has favorable conditions on land fund. However, due to weak land base, infrastructure system and services are not fully developed. higher. Tan Thuan Export Processing Zone (320 hectares) has also adjusted the plan and has assigned Sadeco Company and other FDI companies to develop social housing projects for workers and workers of export processing zones and enterprisesFDI.

According to the association, with the land fund mentioned above, HCM can do about 10,000 apartments 30sqm social housing price is about VND200 million per unit.

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