Work began on Wednesday on a social housing project worth VND560 billion
(US$26.6 million) in the capital city's Ha Dong District.
HA NOI (Biz Hub)— Work began on Wednesday on a social housing project worth VND560 billion (US$26.6 million) in the capital city's Ha Dong District.
The 35-storey building, covering an area of 2,590 square metres, will provide 512 affordable flats to around 2,200 low-income earners when completed in 2015.
It is among the first commercial housing projects to be transformed into social housing by the municipal People's Committee.
The project's investor - Song Da Urban and Industrial Zone Investment and Development JSC - may be eligible to receive a loan of VND200 billion ($9.5 million) from the Government's VND30 trillion-credit package. — VNS
These are housed within two towers spanning over an area of one hectare, offering 80 units, ranging from studios and three-bedroom residences, to duplexes.
Domestic and international stakeholders shared experiences and proposed policies to transition Vietnamese industrial parks to smart and sustainable models at a forum on HCM City.
A multi-dimensional assessment of a new growth cycle in the real estate market over the next 10 years is needed to promptly seize development opportunities, a panel discussion heard in HCM City on December 18.
Maybank Securities maintains a positive long-term outlook for Việt Nam''s real estate market, driven by robust population growth and increasing urbanisation.
