Ecohome 2, a social housing project in Ha Noi's Bac Tu Liem District is offering 930 apartments for sale to the lower-income earners. — Photo nhaoxahoi.com

HA NOI (Biz Hub) — Ecohome 2, a social housing project in Bac Tu Liem District, Ha Noi, is offering 930 apartments for sale to the capital's lower-income earners.

The project is selling 659 apartments and renting 204 others at reduced costs, while offering 117 other units at normal commercial prices.

These affordable homes have been welcomed by local residents, with 1,994 registering with the Ecohome 2 management board.

To be eligible for this housing, a candidate must comply with a series of regulations. If found to have provided incorrect personal information to take advantage of the policy, they will have to pay a fine and face eviction. In cases of identity theft, criminal proceedings may follow.

Ecohome 2 will open in 2016.

An earlier Ecohome 1 project was inaugurated in December 2014 after 14 months of construction, and has been selling apartments at costs ranging from VND400 to VND800 million (US$18,605 – 37,209). — VNS