HCMC – The southern province of Dong Nai is calling for investors to develop six social housing projects covering a total of 14 hectares and offering nearly 6,500 units for factory workers and low-income residents.
The projects include two developments in Phuoc Tan Ward, Bien Hoa City, covering 1.64 hectares with a planned 478 apartment units and requiring an estimated VND722 billion.
Another project in Long Binh Ward, Bien Hoa City, will span 2.4 hectares and cost over VND1.1 trillion, providing 1,248 units.
In Nhon Trach District, a 3.71-hectare site in Phuoc An Commune is expected to accommodate 1,490 units with an investment of VND1.2 trillion. Meanwhile, a project in Tam Hiep Ward, Bien Hoa City, will cover 6,400 square meters and cost VND648 billion, delivering 520 units.
A second project in Phuoc An Commune, Nhon Trach District, will cover 2.1 hectares and need a budget of over VND1 trillion, aiming to provide around 1,800 units.
Another development in Trang Bom Town, Trang Bom District, will cover 3.5 hectares, with an investment of VND733 billion to supply 960 units.
The Dong Nai Department of Finance and provincial authorities will oversee investor selection and project evaluations. The province has set a target of building 10,000 social housing units between 2021 and 2025, but as of late 2024, only 1,700 had been completed. Seventeen projects totaling 23,000 units are under review, with two having secured investors.
Authorities aim to complete 7,200 units this year to meet the rising demand for affordable housing in the province.
