The Hanoi Department of Construction has just announced a list of customers eligible to sign a contract to buy social housing (rental and sale) at OXH3 building, part of the Kien Hung Social Housing Construction Investment Project, lot B-XH, Kien Hung New Urban Area, Kien Hung Ward, Hanoi (phase 1).
According to the list, there are 21 people eligible to sign social housing purchase contracts at the project. Previously, the Department of Construction informed the OXH3 building that there are 21 social housing apartments subject to lease and transfer (after 5 years of lease). Thus, all of these apartments have had someone submit a registration application.
The project is invested by the Joint Venture of Kien Hung Urban Development Investment Joint Stock Company (representative of the joint venture) and Hop Phu Development Investment Joint Stock Company.
The construction site is at the land plot marked B-XH, Kien Hung New Urban Area, Kien Hung Ward, Ha Dong District, with a total area of about 41,930m2. The project is invested directly by non-budgetary capital.
The selling price of social housing in OXH3 building is 13,781,131 VND/m2 (including VAT, excluding maintenance costs).
The project has a scale of 3 blocks of 6-storey buildings: OXH1, OXH2 and OXH3. Of which, OXH1 building has 200 apartments (160 social housing units for sale, 40 commercial apartments); OXH2 building has 200 apartments (82 social housing units for sale, 82 social housing units for rent, 36 commercial apartments); OXH3 building has 100 apartments (63 social housing units for sale, 21 social housing units for rent, 16 commercial apartments).
In total, the project has 500 apartments, including 305 social housing units for sale (accounting for 61%), 103 social housing units for rent (20.1%) and 92 commercial apartments (18.4%).
Pursuant to Clause 22, Article 2 of the 2023 Housing Law, the house purchase rental is the purchase of a house by the lessee in advance to the lessor in the form of a certain percentage of the rental house value as agreed but not exceeding 50% of the value of the house purchase rental contract; the remaining amount is calculated as the house rental to be paid monthly to the lessor for a certain period of time as agreed by the parties; after the lease term expires and the lessee has paid the remaining amount, the lessee has the right to own the house.
From the explanation of renting a house to buy a house according to the above regulations, it can be understood that the concept of renting a social house is that the subject is entitled to social housing support policies and pays in advance to the lessor to buy a portion (no more than 50%) of the value of the social housing purchase rental contract. The remainder is paid in installments monthly, calculated as rental, for a period of agreement. After the lease term expires and the remaining amount is paid, the lessee will have the right to own the social housing.
