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Having Add 695 Social Apartments For The Low-Income People

Apartment social housing

According to the Ministry of construction, in the first 5 months of 2017, there were two social housing projects for low-income people which are deployed with the construction scale approximately 695 apartments, the equivalent of about 40 000 sqm.

The Ministry of construction said the supported and developed by key social housing program is continuing to be deployed effectively.

Specifically, the supported housing program for people deserving well of the country’s revolution: in the first 5 months of 2017, according to the local reports, it completed the support for 23 982 households (including 8954 new households and 15 028 repaired and restored households).

Read more: Vietnam Real Estate News

Up to now, the support is completed for 116 014 households (including 60 732 new households and 55,282 repaired and restored households); are continuing to implement support for 7297 households.

The crossed flood of the Mekong Delta program (2nd stage) finished the invested construction 178/179 clusters, the residential line (reaching 99%) has arranged for 52 220 households in flooding areas (reaching 93.4%); are progressing to add about 130 projects in avalanche areas to implement in the period of 2016-2020.

With the supported housing program for the poor households in rural areas: in the first 5 months of 2017, there were about 5000 households supported loans, with debit balance of about 5,8 million USD; up to now there have approximately 15 573/ 311000 households supported loans, with debit balance of about 20 million USD.

Apartment social housing
Social housing for low-income people

The construction Ministry also said, in the first 5 months of 2017, there was 1 housing completed project for the students put to use, it is arranged for nearly 20 000 students, 6 projects are being in the stage of perfection. Up to now, there have 89/95 student housing projects completed to use. The number of students was placed getting the average rate of about 83%.

In addition, the program related to the development of social housing for low income people in urban areas, industrial workers, in the first 5 months of 2017, there has two social housing projects for the low income people which are deployed to invest in the construction scale of about 695 apartments, the equivalent of about 40 000 sqm.

Up to date, the country has completed the investment and construction about 179 projects, with the scale of 71 150 apartments, the equivalent of about 3.7 million sqm with the total investment of approximately 1180 million USD. Currently, the locals are continuing to develop 193 projects with the scale of construction about 167 495 apartments.

According to statistics of the Ministry of construction, by the year 2020, the country needs about 1 million apartments, the equivalent of about 50 million sqm. Some local demand the large social housing such as Ha Noi (110 000 units), Ho Chi Minh City (134 000 units), Da Nang (11 500 units), Dong Nai (36,700 units), Binh Duong (41,250 based) …

Apartment social housing
Apartment project social housing for low-income people

Also at the same time, the need of housing for workers is about 1.6 million people (about 12.8 million sqm). Currently, the locals are continuing to develop 191 projects with the scale of construction about 163 800 apartments with the total investment of about 3300 million USD (including 70 social housing projects for workers of industries 121 social housing projects for low-income people).

Also according to the Ministry of construction, from the year 2017, about 70% of the market’s demand focused on the segment housing having the medium price backing down. It can see that the investment in social housing is the correct trend of Real Estate developers. The potential and demand for the housing of this segment are very large in the stage of urbanization are rising.

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Having Add 695 Social Apartments For The Low-Income People
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