The Tien Duong 1 Social Housing Construction Investment Project is one of the projects of special significance in the Capital, welcoming the 14th National Congress of the Party.
The project is implemented by a consortium of investors including Viglacera Corporation - JSC, Hoang Thanh Infrastructure Investment and Development Joint Stock Company and Central Construction Joint Stock Company.
The total land use scale is about 445,886m2 (excluding 1,359m2 of existing residential land determined within the planning scope), of which investors carry out investment, business, and exploitation of housing projects built on the land fund of about 165,255m2.
Of which, the land fund for social housing construction is about 131,975m2 to build high-rise apartments. Land fund for building commercial housing is about 33,280m2 to build low-rise and high-rise houses with a total of about 3,530 apartments and 99 townhouses, with a population of about 12,465 people. The business exploitation of commercial and construction services on the land fund is about 34,276m2.
The project is implemented in Phuc Thinh commune with a total estimated investment of about VND 9,307 billion. Implementation progress until 2030.
The project aims to concretize the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021-2030" approved by the Prime Minister. At the same time, the project is in accordance with the Housing Development Program and Plan of Hanoi City, the Detailed Plan at a scale of 1/500 in the concentrated social housing area approved by the Hanoi People's Committee.
