However, currently, there is almost no demand for renting, while the demand for buying is very high, so the investor has switched to selling all 160 apartments planned for rent, to meet the needs of workers. Thus, the housing fund for sale in the first social housing project of Quang Ninh is all the apartments of 2 social housing buildings with 790 apartments.
Currently, there are about 285 customers who have signed contracts to buy houses at this project.
It is expected that in January 2025, the project will basically complete construction, ensuring conditions to enter the acceptance phase, test operation and handover to people for use in the first quarter of 2025.
According to the report of the Joint Venture of Global Financial Investment Consulting Joint Stock Company and Hanoi Housing Investment and Development Joint Stock Company No. 6 - the investor of the Social Housing Project of the Bank Hill Residential Area (commercial name GHomes Ha Long), located in Hong Hai and Cao Thang wards, Ha Long City - depending on the location and area, the lowest price among the above apartments is more than 570 million VND/apartment.
Apartments priced from over VND570 million to nearly VND600 million/apartment are apartments with an area of 44.83m2 to 45.25m2, with 1 bedroom and on low floors. However, there are also apartments with the same area, but in good locations and on high floors, with higher prices of over VND200 million/apartment.
The 70m2, 2-bedroom apartments range mainly from about 950 million VND to over 1.2 billion VND/apartment. A few apartments cost over 1.4 billion VND/apartment.
The most expensive apartments are some 77m2 apartments, with 3 rooms and all on high floors, with prices over 1.5 billion VND/apartment.
The above price is based on many factors, including the selling price approved by the authorities of Quang Ninh province, including VAT and apartment building maintenance fee of 16,228,000 VND/m2. To get the above price, according to calculations, each apartment has been given incentives and support by the state with about 500 million VND in land use fees, thereby reducing the selling price for workers.
The social housing project of the Bank Hill Residential Area has a total investment of nearly 1,400 billion VND, and was started on October 30, 2022.
The project consists of 3 apartment buildings, with 986 apartments with a total area of about 67,802m2. Including 2 social housing buildings with 790 apartments.
The remaining building consists of 196 commercial apartments and will be sold at market prices. According to the plan, the project will be inaugurated and put into use in the first quarter of 2026.
