The social housing construction investment project in Ninh Khanh ward, Hoa Lu city (now Hoa Lu ward, Ninh Binh province) is being implemented on a "golden land" located right on Van Hanh street with an area of over 5ha. The project is invested by Ninh Binh Development Investment Fund. The special feature of this project is that it is designed with 6 hanging gardens from the 13th to the 15th floor.
The project is built with 2 residential areas including a social housing area and a commercial housing area. For the social housing area, there are 6 16-story building blocks (1 basement, 15 above-ground floors).
The commercial housing area has 17 floors (2 basements, 15 above-ground floors). On the 1st floor alone, 28 Shophouses are arranged, from the 2nd to the 12th floor, each floor has 24 apartments. A special point, from the 13th to the 15th floor, each floor arranges 20 apartments and 2 hanging gardens. Project implementation progress in the period from 2025 - 2030.
Present in the area where the social housing project is being implemented on January 8, according to reporters of Lao Dong Newspaper, construction units are focusing machinery and manpower to accelerate the project progress. The work of pile pressing and foundation pouring is being implemented.
Mr. Nguyen Huu Thach - Director of Ninh Binh Development Investment Fund - said that the project was started on August 19, 2025, after completion, it will provide 1,250 social housing units and 352 commercial housing units with a full system of transportation, green trees, playgrounds, parking lots and other technical infrastructure. The operating term of the project is 50 years from the date of the project investment policy approval decision.
The project has a total investment of 1,976.45 billion VND. Of which, construction costs are 1,442 billion VND; compensation and site clearance costs are 66.128 billion VND and other related costs.
The project aims to build social housing to serve people with housing needs, create a favorable and convenient living environment, meeting the criteria for urban development and upgrading. Develop land funds to serve beneficiaries of social housing support policies inside and outside the area according to the provisions of law.
At the same time, forming a synchronous high-rise apartment complex in terms of architecture, technical infrastructure and social infrastructure in the direction of green development, energy-saving use, and sustainable development. Along with that, creating highlights on housing development through concretizing approved planning, creating opportunities for housing and social infrastructure for people and other investors, contributing to creating a transparent real estate environment.
The project is being focused on speeding up progress to shorten the completion time from 6 years to 3 years. We expect to collect applications around April 2026 and officially organize a lottery to sell apartments by June 2026" - Mr. Thach said.
