On April 28, Da Nang City Department of Construction issued a document announcing the results of the appraisal of social housing selling prices for block C of the apartment project for low-income people in Dai Dia Bao resettlement area. According to the content of the document, the selling price of apartments in block C of the project is determined to be 17,390,556 VND/m2. This selling price is calculated based on the total investment cost of building social housing area of more than 182 billion VND. The above price includes a standard profit of 10% for businesses and value-added tax of 5%, but does not include the floor coefficient and maintenance costs of 2%.
The project investor is the Joint Venture of Duc Manh Joint Stock Company and 579 Investment and Construction Joint Stock Company. Previously, this unit had completed and put into use blocks A and B with a total of 502 apartments. Block C is the final item to complete the entire low-income apartment project in this area.
Block C has a construction scale of 9 floors, providing a total of 237 apartments. The total floor area used by apartments for sale reaches more than 12,129m2. In addition to residential apartments, the building also arranges areas for business services and commerce to serve the on-site needs of residents.
To ensure fairness and suitability with the location of each apartment, the investor builds a detailed price list with application of floor coefficients. However, the price adjustment between floors must comply with the principle of weighted average, ensuring that the average coefficient of the entire building block is equal to 1.
The management agency requires the investor to be responsible for publicizing the price level, detailed price list of each apartment and related information on mass media. Collecting money from customers must be carried out according to the construction progress, and must not exceed 95% of the contract value when the buyer has not received a certificate of ownership.
After the project is completed and audited, if the final selling price is lower than the appraised price, the investor must return the difference to the people. In case the final price is higher, the enterprise bears the incurred costs and is not allowed to collect additional money from homebuyers.
