24h Real Estate: Finding investors for social housing projects worth over VND1,000 billion

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Hai Phong seeks investors for a social housing project worth over VND1,000 billion; Ho Chi Minh City auctions 3,790 resettlement apartments in Thu Thiem... are notable news.

HCMC auctions 3,790 resettlement apartments in Thu Thiem for commercial housing

Ho Chi Minh City will auction 3,790 resettlement apartments in the Thu Thiem New Urban Area after many years of being abandoned, converting their function to commercial housing.

Hien trang 3.790 can ho tai dinh cu o Thu Thiem (phuong An Khanh, TPHCM) sap dau gia. Anh: Anh Tu
Current status of 3,790 resettlement apartments in Thu Thiem (An Khanh ward, Ho Chi Minh City) about to be auctioned. Photo: Anh Tu

The Ho Chi Minh City People's Committee has just issued a plan to organize an auction of 3,790 resettlement apartments in the Thu Thiem New Urban Area (An Khanh Ward) with the function of converting to commercial housing.

According to the decision, the city will divide it into two blocks for auction: block R1, R2, R3 including 2,220 apartments and block R4, R5 including 1,570 apartments.

All 3,790 apartments are located in a 38.4-hectare resettlement area next to Mai Chi Tho Avenue, part of the 12,500 apartment program serving the resettlement of the Thu Thiem New Urban Area project, which was completed in 2015.

Of the more than 8,500 apartments that have been built, the city has retained 2,924 apartments for resettlement, while the remaining 5,626 apartments are considered for auction to recover capital. However, over the years, 3,790 of these apartments have been auctioned at least four times but all have failed. See more...

Hai Phong seeks investors for a social housing project worth over VND1,000 billion

Hai Phong - The Department of Construction has just announced the search for the investor of the Social Housing Project in An Duong ward.

Phoi canh mot du an nha o xa hoi dang trien khai tren dia ban thanh pho. Anh: Cong TTDT Hai Phong
Perspective of a social housing project being implemented in the city. Photo: Hai Phong Portal

Accordingly, the Department of Construction publicly announced Decision No. 2483/QD-UBND dated June 30, 2025 of the City People's Committee on approving the investment policy of the Social Housing Construction Investment Project in An Hai Ward, An Duong District (now An Duong Ward, Hai Phong City); requesting investors to pay attention and register as project investors according to the law.

The project to invest in building a new social housing area with a synchronous technical infrastructure and social infrastructure system including social housing in the form of apartments, commercial housing in the form of townhouses (20% land fund), green areas, flower gardens, playgrounds and technical infrastructure works, traffic, parking lots. The project is built on a total area of about 7.65 hectares.

The scale of social housing apartments under the completed construction plan (basic interior); includes 4 areas marked C1 - C4 with an area of social housing land of about 33,201.2 m2, about 7 5-storey apartment buildings. The commercial housing area according to the rough construction plan has completed the exterior with a total land area of about 8,289.6 m2, 5 floors high. Along with that, build green areas, flower gardens, and playgrounds with a total area of about 4,023.5m2 with a maximum height of 1 floor; parking lot of about 1,026.5 m2; wastewater treatment plant in the technical infrastructure land with a land area of about 200 m2; traffic roads of about 22,551.4 m2... See more...

Launching the enforcement of illegal construction violations in Phuoc Thang ward, Ho Chi Minh City

HCMC - Phuoc Thang Ward People's Committee has launched a campaign to enforce illegal constructions, in order to ensure construction order in the area.

Phuong Phuoc Thang to chuc cuong che cong trinh vi pham dien tich hon 62m2 tren duong Cau Chay. Anh: Thanh An
Phuoc Thang Ward organized the enforcement of the illegal construction with an area of over 62m2 on Cau Chay Street. Photo: Thanh An

On August 20, Phuoc Thang Ward People's Committee organized an interdisciplinary team to fight for illegal construction works in the area.

According to the enforcement plan, Phuoc Thang ward has issued 14 enforcement decisions for works violating construction order in the area; mobilizing about 100 people from many forces to implement.

Mr. Lam Thanh Son - Deputy Head of the Economic, Infrastructure and Urban Affairs Department of Phuoc Thang Ward - said that on August 20, the delegation plans to organize enforcement at 3 illegal construction works.

Of the 14 forced demolition works according to the plan, 9 works have submitted a voluntary request for demolition and committed to implementation. Of which, 3 works have been completely dismantled and 6 works are being dismantled. See more...

Many households have difficulty converting land use purposes due to high financial obligations

In fact, in recent times, in Hanoi and Ho Chi Minh City, many households have had difficulty converting land use purposes, because financial obligations calculated according to the land price list are too high.
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