The Hanoi People's Committee has just issued a decision approving the updated list of 72 investment projects to build houses and urban areas in the city's Housing Development Plan for the period 2021-2025.
Of the 72 newly approved projects, there are 8 social housing projects with a total floor area of 255,722m2 (1,583 apartments).
Of which, in Hoang Mai district, there is a social housing project in alley 218 Linh Nam, with a total investment of 823 billion VND.
According to Lao Dong's research, the social housing project in alley 218 Linh Nam is expected to have 500 apartments with a total floor area of about 25,250m2.
A representative of the Hanoi Department of Construction said that from now until 2026, the city has 11 social housing projects expected to be completed with nearly 6,000 apartments, equivalent to 345,000m2 of floor space.
In the 2026-2030 period, on the basis of reviewing land funds, Hanoi will focus on urging businesses to implement; reviewing and removing difficulties and obstacles related to investment procedures, land recovery, land allocation, shortening the time to handle administrative procedures, and arranging flexible capital for social housing investment projects.
A report from the Ministry of Construction shows that in 2024, the whole country has completed 108 projects with a total of 47,532 social housing units.
By 2025, based on registered local data, it is expected that the whole country will have 135 projects, with nearly 101,900 apartments. According to the Project "Investing in the construction of at least 1 million social housing units", by 2030, the total number of apartments in localities will be completed at about 1,062,200 units.
Of which, about 428,000 units will be completed in the 2021-2025 period.
Ms. Pham Thi Mien - Deputy Head of the Market Research and Investment Promotion and Consulting Department of the Vietnam Real Estate Brokers Association (Vars) - commented that the supply of social housing will be significantly improved in 2025, when the Housing Law adds units allowed to participate in project development.
This regulation will encourage more economic sectors to participate in the development of social housing projects.
Experts say that in addition to the maximum profit of 10%, project investors can also receive additional profits from the area of business, service, commercial, and commercial housing (accounting for 20%) of the project development area.
