Nine social housing projects for low-income earners with more than 4,100 apartments measuring 205,500 sq. m were completed and put into use in 2019, which did not meet the target set by the national housing development strategy to 2020 with a vision to 2030.
Nine social housing projects for low-income earners with more than 4,100 apartments measuring 205,500 sq. m were completed and put into use in 2019. (Illustrative image. Source: VNA)
Hanoi (VNA) –꧅ Nine socialhousing projects for low-income earners with more than 4,100 apartmentsmeasuring 205,500 sq. m were completed andput into use in 2019, which did not meet the target set by the national housingdevelopment strategy to 2020 with a vision to 2030.
According to theMinistry of Construction, a total of 207 social housing projects with more than85,810 apartments and total floor area of nearly 4.3 million sq. m have so farbeen completed nationwide. Another 220 projects with 179,640 apartmentsmeasuring over 8.98 million sq. m are under construction. Meanwhile, the strategyaims for 12.5 million sq. m of social housing by 2020. Reports from 60 out of 63provinces and centrally-run cities in the country said among 2,256 commercialhousing and urban area projects with a combined area of 43,783 ha, only 1,040projects designate land for social housing with a total area of 3,359 ha, meetingonly 36.34 percent of social housing demand by 2020. The remaining 1,216projects have not carried out their obligation of building social housing inthe form of 20 percent of their land or contribute money equivalent to thevalue of 20 percent of their land. Another difficulty insocial housing development is the limited source of preferential capital forthe work. The ConstructionMinistry said it is working on solutions to address those obstacles./.
An array of key housing projects have been completed in the first months of 2018 to meet increasing demands of policy beneficiaries, poor households and low-income earners, according to the Ministry of Construction.
Hanoi will soon have 1,300 new apartments thanks to a social housing project invested by Capital House Group, a real estate developer focusing on green buildings in Vietnam.
As many as 1,030 apartments will be available in 2021 for low-income people at the price of 8 million VND (343 USD) per square metres in Thanh Lam-Dai Thinh 2 new urban area in Me Linh district, Hanoi city.
There was not a single social housing project in Ho Chi Minh City this year, and with support funds for them being limited, there is a fear the situation could continue, experts said.
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Nine social housing projects for low-income earners with more than 4,100 apartments measuring 205,500 sq. m were completed and put into use in 2019. (Illustrative image. Source: VNA) 
