HCMC – The southern province of Binh Duong has approved a housing development plan for 2023, setting a target of building 18,000 social homes for workers this year, the local media reported.
The province aims to continue improving its housing quality and serve the housing demand of residents, especially low-income earners, with an additional 740,000 square meters of resettlement and social homes this year.
Regarding social housing projects, the local authority set a goal of developing an additional 600,000 square meters, equivalent to some 18,000 units.
Binh Duong encourages businesses to get involved in social housing projects for low-income workers at industrial parks and offers incentives on land, taxes and finances.
The province developed around 2.47 million square meters of commercial homes in 2022, reaching the target.
However, the total area of new resettlement and social homes last year stood at merely 112,500 square meters, far below the target of 680,000 square meters.
Currently, the housing demand in the province remains high, especially in districts and cities with large numbers of workers such as Thuan An, Di An, Tan Uyen and Ben Cat.