The Dang Xa urban area. Viglacera Corp is building more low-cost apartments here, pricing them from around $14,700. — Photo Viglacera

HA NOI (Biz Hub) ― Viglacera Corporation said it was building five residential blocks in Ha Noi's Gia Lam district, for low-income residents.

Prices will range from VND310 million (US$14,760) per apartment, in the NO5 Dang Xa Viglacera complex, spanning 3.7 ha. The project is the second phase of the 70ha Dang Xa urban area project and will feature around 1,140 apartments, each providing 36 to 70 square metres of living space.

Viglacera said customers would enjoy support from the Government's VND30 trillion ($1.43 billion) property aid package, which allows them to borrow up to 80 per cent of the cost over 10 years, at interest rates under 6 per cent.

According to VnExpress, Ha Noi has eight completed low-cost housing projects with 4,000 apartments; and five projects underway that will add 5,500 apartments to supply. ― VNS