If this proposal is accepted by HCM City, it will increase the supply of social housing on the market and reduce the cost of social housing due to compensation and site clearance.
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts, Dinh La Thang, Secretary of the HCM City Party’s Committee, has said.
Distribution of the Government''s VND30 trillion (US$1.4 billion) package
for low-cost housing has only seen 1.56 per cent of the total VND470.8
billion distributed, six months after the programme began.
