The project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
According to the provincial Department of Construction, Thái Bình has zoned 66 plots of land for social housing development, over a total area of about 137 hectares, equivalent to 46,881 apartments.
The project, developed by Becamex Tokyu, is the company''s seventh condominium in the area and its first targeting young homebuyers, a crucial part of Bình Dương’s growing workforce.
Although the social housing supply has shown signs of improvement since the beginning of the year, experts note that people with average to low incomes who are truly in need of a stable residence still have difficulty accessing these homes...
In Hà Nội and HCM City, nearly 18,000 resettlement apartments remain vacant or are being used inefficiently, leading to the decay of entire infrastructure systems.
To accelerate SHA development, Đỉnh suggested the government repossess land from inactive SHA projects and either auction it to new investors or directly invest in it using public funds.
Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to...
