Becamex IDC' Corporation's sketch of Viet Sing residential area. The corporation has issued 200 property ownership certificates to its customers of Hoa Loi social housing project. – Photo Becamex

BINH DUONG (Biz Hub) – The Investment and Industrial Development Corporation (Becamex IDC) issued 200 social housing ownership certificates to owners of flats in the corporation's social housing project in the Binh Duong Province, Vietnamplus reports.

The flats are located in the Ben Cat Township of the southern province.

This is the first time that Becamex IDC issued such certificates to its customers. The construction corporation will continue to grant such certificates to more customers of the corporation's social housing projects in the province.

Becamex's scheme to build social housing for residents in the Binh Duong Province was approved by the province's People's Committee in 2011.

The corporation's projects cover a total area of 240 hectares in Thu Dau Mot City, the Thuan An, Di An Township and the Ben Cat and Tan Uyen districts.

The total investment for the social housing projects is estimated to be VND10.830 trillion or roughly US$510 million.

So far, Becamex IDC has built 5,000 flats in Thu Dau Mot City, the Bau Bang District, and Thuan An and Ben Cat townships.

The corporation also plans to build another 10,000 flats spread over 30 to 54 sq.m each, in the Viet Sing residential area of the Thuan An Township, and in Thu Dau Mot City's Dinh Hoa social housing project.

Customers of Becamex' social housing project are considered for favourable loan packages, worth VND30 trillion ($1.4 billion), which are extended by the Government.

Persons with an urgent need for accommodation, including civil and military officers, workers, students, and low income earners and resettled residents, are considered potential customers of Becamex.

Enterprises, which have demanded accommodation for their workers, are also target customers of the corporation's projects in the province. – VNS