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Hanoi to build another 8,300 social housing units in four districts
The Hanoi authorities have approved six additional social housing projects covering a total area of 13 hectares in the districts of Ba Dinh, Long Bien, Thanh Tri and Thach That.
These projects cost 6 trillion VND (240.2 million USD) and will offer more than 8,300 housing units, with a total floor area of 655,000 square metres.
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A social housing project in Gia Lam District. |
Site clearance for such projects has been completed and construction is scheduled for completion between 2026-2029.
According to the Hanoi Department of Construction, ten other housing projects in Hanoi are expected to be completed next year with more than 1,000 units.
It is expected that 26 projects with nearly 9,900 units will be completed after 2025.
In addition, there are 36 projects with about 49,000 units in the stage of conducting investment procedures in the outlying districts of Gia Lam, Hoai Duc, Dong Anh, Thanh Tri, Dan Phuong and Thuong Tin.
During 2015-2023, Hanoi completed about 466 housing projects with 29.3 million square metres of floor area, including 30 social housing projects with a total floor area of 1.66 million square metres.
Hanoi has set a target to build social housing areas in 100% of the city’s industrial and processing zones by 2030, according to a municipal People’s Committee’s plan on improving social policy quality in the new period.
Foreign companies held a 75% share of the warehousing market last year, according to market research firm FiinGroup Vietnam.
The Ministry of Construction (MoC) has been demanded to coordinate with other ministries and sectors to minimise processes and procedures for implementing social housing projects.
The Government on May 17 issued a Resolution approving the proposal to draft amendments to the Housing Law and the Real Estate Business Law, specifically Clause 1 of Article 197 and Clause 1 of Article 82, respectively.
BAC GIANG- The Department of Construction of Bac Giang province held a meeting on April 3 to review implementation progress of the social housing projects.
Source: NDO
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