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Small apartments suitable for suburban areas - HoREA
Staff Writers
Wednesday,  Nov 8, 2017,18:28 (GMT+7)

Small apartments suitable for suburban areas - HoREA

Staff Writers

A housing project with small apartments in HCMC’s Binh Chanh District - PHOTO: LE ANH

HCMC – Commercial apartments measuring 25 to 45 square meters each should be allowed in HCMC but in suburban areas only, and account for no more than one-fourth of all apartments in a project, said the HCMC Real Estate Association (HoREA).

The Ministry of Construction has recently proposed the city government permit the construction of small apartments.

HoREA chairman Le Hoang Chau told the Daily that small apartments for low-income workers should be located in suburban areas and near industrial parks, export processing zones and industrial clusters with convenient traffic infrastructure.

The 2005 Housing Law capped the minimum floor area of an apartment unit at 45 square meters and that of a social home at between 30 and 60 square meters. However, the 2014 version of the Housing Law allows investors to decide the area of a commercial apartment as long as it meets the standards set by competent authorities. The new law also states that apartments must have floor areas in line with construction standards and regulations.

HoREA proposed the Ministry of Construction promptly issue national standards for commercial and social houses.

Le Huu Nghia, director of Le Thanh Company, said apartments as small as 25 square meters each should make up 20% of the total in a project and they should be for rent only. Investors can take them back when they need to build bigger homes, say, 50 square meters each.

A survey by the company showed local people have high demand for apartments of at least 35 square meters.
According to construction experts, small apartments should be built based on specific standards, especially in densely populated areas with poor infrastructure.

Nguyen Van Duc, deputy director of Dat Lanh Real Estate Company, said the Ministry of Construction had earlier given the nod to the company to build commercial apartments measuring 30-40 square meters each. These homes were sold out rapidly after completion.

The demand for apartments of 25 to 45 square meters each is huge as they cost VND200-400 million, which low-income people can afford.

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