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Ho Chi Minh City
Friday, January 21, 2022

HCMC to reclaim 20% of commercial housing projects’ area for social houses

The Saigon Times

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HCMC – HCMC Vice Chairman Le Hoa Binh has directed the municipal Department of Construction to take back 20% of the area of commercial housing projects right from early this year to develop social houses for low-income workers.

Binh said the prime minister had ordered the redemption of a land fund equivalent to 20% of the area of commercial housing projects, Thanh Nien newspaper reported. In fact, many commercial housing project owners have earlier been ordered to set aside 20% of their areas to develop social houses for low-income earners as a licensing condition.

The municipal vice chairman also asked districts to coordinate with the Department of Construction to kick off social housing projects this year. The Department of Construction must submit a plan on the execution of these projects before the Tet holiday.

The department was also asked to continue reviewing the building of boarding houses for workers and low-income laborers in the city and propose policies to support local residents upgrade and build boarding houses.

Last year, the city developed an additional 4.4 million square meters of houses, raising the total area of houses in the city to 195.14 million square meters. The current average housing area per person is 20.65 square meters.

The city will strive to build an additional eight million square meters of homes and raise the average housing area per person to 21.04 square meters per person.

Earlier, the municipal government had formulated a plan to develop one million low-cost homes for workers and low-income people.

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