Saturday,  Feb 27, 2021,23:10 (GMT+7) 0 0
HCMC stops condo developments in downtown area until 2020
By Le Anh
Friday,  Jul 27, 2018,17:00 (GMT+7)

HCMC stops condo developments in downtown area until 2020

By Le Anh

High-rise buildings mushroom in downtown HCMC - PHOTO: LE ANH

HCMC – New multistorey apartment building projects will not be allowed in districts 1 and 3 of HCMC until 2020, according to the city government’s housing development plan for the 2016-2025 period.

The HCMC government expects to raise the per capita housing area to 19.8 square meters by 2020 and the newly built house area to 40 million square meters between 2016 and 2020.

In districts 4, 5, 6, 8, 10, 11, Tan Binh, Tan Phu, Phu Nhuan, Go Vap and Binh Thanh, the city will focus on upgrading the urban infrastructure and revitalizing the landscape in a modern manner, while limiting the construction of new high-rise apartment building projects.

Meanwhile, new housing and multistorey condo projects will be prioritized in districts 2, 7, 9, 12, Thu Duc and Binh Tan, especially along public transport routes, such as the Metro No.1 in districts 2, 9 and Thu Duc. Social housing blocks will also be on the priority list.

In five outlying districts, the city will prioritize developing housing projects in towns, rural areas and residential areas connecting with major roads. In addition, tourist sites, resorts, new urban areas and satellite urban areas will be facilitated for development.

The city government will create a land fund for social housing projects in the 2021-2025 period and effectively exploit the urban traffic system, including metro lines and ring roads.

There will be preferential policies in place for those buying houses in new residential quarters in suburban areas in an effort to reduce the population density in the city center.

The mushrooming of high-rise apartment buildings in downtown HCMC has caused severe traffic congestion. In response, the city government plans to encourage local residents to move to outlying districts.

Share with your friends:         
 
Business
Society
Life
Travel
 
Publication Permit No. 321/GP-BTTT issued on October 26, 2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.28) 3829 5936; Fax: (84.28) 3829 4294.
All rights reserved.