The People's Committee of Bac Ninh province has just issued a decision on approving the investment policy and assigning the investor to implement the Social Housing Project No. 02 in Urban Areas No. 11, 12, Tan Tien Ward, Bac Ninh Province.
Accordingly, the investor is a consortium of ACD Investment Management Joint Stock Company, Masterise Homes Real Estate Development Company Limited and Phuc Dong Housing Development Joint Stock Company.
The project has a land use scale of about 7.16 hectares, with a total investment of more than VND 4,062 billion. Of which, equity capital is more than VND 1,259 billion, other legally mobilized loans and capital is more than VND 2,802 billion.
The project consists of 12 social housing buildings, 15 to 21 floors high, 01 basement with an expected number of apartments of about 3,100 with an area of about 44 m2 - 77 m2.
Bac Ninh is the "industrial capital" of the North, attracting hundreds of thousands of workers from all over the country to live and work.
According to the Prime Minister's 1 million social housing projects, Bac Ninh province is assigned to invest in the construction of at least more than 135,000 apartments for workers and low-income people.
According to the Department of Construction of Bac Ninh province, there have been 71 social housing projects in the province with a total land area of about 255 hectares. When completed, the projects will meet about 9.12 million m2 of floor space with about 102,390 apartments.
Of these, 26 projects have been completed, 5 projects have been partially completed with a total of 20,726 apartments. The remaining 45 projects are under implementation.
From the beginning of 2025 to now, Bac Ninh has completed 12,649 more apartments, reaching about 80% of the 2025 plan.
The locality is actively selecting investors to implement new projects, striving to complete the target of 135,000 apartments by 2030.
