On June 26, according to information from the Office of the People's Committee of Da Nang City, the locality has just approved the investment policy for the Social Housing Project in the area near Tuyen Son Bridge, expected to provide nearly 831 apartments to people with a total investment of 1,225 billion VND. The social housing project is invested in land plot A2-4, My An ward, Ngu Hanh Son district on a land plot of more than 7,000 m2, with a maximum scale of 31 floors above ground and 2 basements.
The apartments are designed in a closed space, complying with national technical regulations with a diverse usable area, from a minimum of 25m2 to a maximum of 70m2. In particular, the regulation allows a small proportion (no more than 10% of the total number of apartments) to be adjusted to increase the maximum area by 10%, meeting the diverse needs of households.
Regarding progress, the investor has 3 years to complete capital contribution, capital mobilization and basic construction to put the project into operation, calculated from the date of land allocation. The project's operation period is 50 years. Investors implementing the project will enjoy preferential policies and investment support according to the provisions of current law on taxes and the Housing Law 2023.
