According to the list, there are 281 customers eligible to sign a contract to buy social housing (rental housing transferred from sale) at the Phu Lam Social Housing Area project (Phu Lam ward, Ha Dong district) after 5 years of lease. The estimated selling price of social housing in this project (excluding 5% VAT and 2% maintenance fee) is more than 13.6 million VND/m2.
The Phu Lam Social Housing Project, Phu Lam Ward, Ha Dong District has the investor being Hai Phat Investment Joint Stock Company.
Previously, the Hanoi Department of Construction informed about 408 social housing apartments for rent and sale (apartment area from 48m2 to 69m2). Thus, there are currently 127 social housing apartments for rent and sale in this project that are still receiving registration documents.
Pursuant to Clause 22, Article 2 of the Law on Housing 2023, the rental of social housing is that the tenant to buy in advance for the lessees to buy a certain percentage of the value of the rental house purchased according to the agreement but not more than 50% of the value of the rental contract. The remaining amount is charged into a rent to pay monthly to the rental party for a certain period of time agreed by the parties. After the expiry of the rental deadline and when the remaining money has paid, the renter has the ownership of the house there.
Therefore, the eligible subjects to submit documents to buy social housing are customers who are renting social housing in the project and have reached the rental period of 5 years according to regulations.
According to Lao Dong's research, from the end of 2024 to now, in addition to Phu Lam Social Housing Area, Hanoi has 2 social housing projects eligible to sell apartments for rent after 5 years: Social Housing Area Project at lot N01, N02, N03, N04 and N06 Dang Xa 2 New Urban Area in Gia Lam district (building D15, D16); CT2A high-rise social housing project in Thach Ban residential area, Long Bien district.
The social housing project on land lots N01, N02, N03, N04 and N06 of Dang Xa 2 new urban area in Gia Lam district (buildings D15, D16) has the investor being Viglacera Corporation.
In this project, the number of social housing apartments converted from rent to sell (after 5 years of lease) is 270 apartments in buildings D15, D16 (apartment area from 44.75m2 to 69.38m2). Of which, the number of customers who have signed the first apartment purchase contract (after 5 years of lease) is 214 units; the number of customers who have signed the second apartment purchase contract (after 5 years of lease) is 32 units.
In this third sale, there are 3 rental houses that are eligible for sale with an area of nearly 45-69m2. The selling price of these apartments (including value added tax and maintenance costs) is 7.6 million VND/m2.
The CT2A high-rise social housing project in Thach Ban residential area, Long Bien district has the investor being the Housing and Urban Development Investment Corporation of the Ministry of National Defense. In this period, the number of apartments for sale after 5 years of lease is 82 with apartment areas from 69.03m2 - 69.94m2. The estimated selling price (including 5% VAT, excluding 2% maintenance cost) is about 12.3 million VND/m2.
