Low-income housing projects will be prioritised in major cities, particularly Hanoi and HCM City. Real estate giant Vinhomes has announced plans to build 500,000 social housing apartments priced below VND1 billion across the country over the next five year. In August this year, the firm will start its first project. Low-income housing projects will be prioritised in major cities, particularly Hanoi and HCM City Housing and Urban Development Corporation has recently started work on a social housing project in the northern province of Hanoi to offer 564 apartments priced at just VND380 million (USD16,521) each. Thanh Hoa provincial authorities have approved a low-income housing project in Thanh Hoa City which will provide up to 2,400 apartments. Meanwhile, Ninh Binh Province has agreed on a project to build 2,153 apartments at Gian Khau Industrial Park and neighbouring areas. Four low-income housing projects in the country were completed in the first quarter of this year according to the Ministry of Construction. During the period, only three projects of the same kind were licensed with a total number of 1,200 apartments in Lang Son, Phu Tho and Quang Ninh projects. In contrast, up to 39 commercial housing projects providing 18,700 apartments in total… Read full this story
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