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Friday, June 14, 2024

HCMC to develop 35,000 social homes by 2025

By Truc Dao

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HCMC – The HCMC Department of Construction has said that it will work with relevant units to develop 35,000 social housing units in the 2021-2025 period, reported the Vietnam News Agency.

Since 2021, the city has completed and inaugurated two social housing projects, comprising a total of 623 apartment units. Six additional social housing projects, totaling 3,956 apartment units, are currently underway.

A dormitory project in the industrial cluster of Thanh My Loi Ward, Thu Duc City, with a scale of 1,040 units is being carried out to serve the housing demand of workers living there.

The city is intensifying efforts to expedite the social housing development plan for 2021-2025, aiming to build around 35,000 social housing units covering a combined floor area of 2.5 million square meters.

Other provinces are also prioritizing the implementation of social housing projects. Haiphong City, for instance, targets the completion of around 6,400 social homes in 2024, with a broader objective of 16,500 units by 2025.

In Dong Nai Province, local authorities have submitted proposals for 11 social housing projects, totaling roughly 20,000 units. Of these, five projects comprising 9,000 social housing units have received preliminary investment approval.

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