The capital city of Ha Noi is planning to develop housing area covering 11 million sq.m in 2018, according to the municipal Department of Construction.

This will include 430,000sq.m of social housing projects and 348,000sq.m of resettlement projects, while the rest will be commercial housing projects.

The municipal department said it would initiate measures to remove obstacles and promote the development of the real estate market. It would also strive to create conditions for developers to diversify products as well as adjust the planning of scales of housing projects to meet the market demand.

Nguyen Chi Dung, Deputy Director of Ha Noi Department of Construction, said the capital city developed more than 11 million sq.m housing area last year, including 60,688sq.m of social housing projects, 164,640sq.m of resettlement projects and 2.5 million sq.m of commercial housing projects, in addition to 8.3 million sq.m built by residents.

The average housing area per head is 25.6sq.m and the city plans to increase it to 26.3sq.m by 2020.

The city has placed orders with developers to develop commercial housing projects for resettlement purposes, including a project in Linh Dam and six others. This is aimed at encouraging developers to invest in resettlement housing projects.

Social housing projects of Ha Noi are concentrated in five areas, namely Tien Duong in Dong Anh District, Co Bi in Gia Lam, Ngoc Hoi in Thanh Tri, and Co Nhue 2 and EcoHome 3 in Bac Tu Liem. — VNS