According to the Ho Chi Minh City People's Committee, this year the city has 14 social housing projects under construction, with a scale of 15,412 apartments. Most of the projects are being implemented in the northern area of Ho Chi Minh City (formerly Binh Duong province).
Among the projects being implemented is the Chanh My social housing project in Chanh Hiep ward, Ho Chi Minh City. This project started construction in September 2022. The project is built on a land area of 2.7 hectares, with 6 blocks of 12-storey houses, 978 apartments, and a total floor area of over 83,000m2.
The first phase of construction is 3 blocks of houses with 456 apartments. These 3 blocks of houses are in the process of completion and are eligible to open for sale future housing. It is expected to be completed and accepted for handover of the house from the first quarter of 2026.
Currently, the investor has signed a contract to sell the apartment to 183 people eligible to buy social housing.
The investor said that the sale of the remaining 273 apartments will start from November 20. The location for receiving documents is in front of the project on Nguyen Van Cu Street, Chanh Hiep Ward, Ho Chi Minh City.
Regarding the selling price, the Department of Construction has commented, averaging 15.81 million VND/m2 of waterproof floors (excluding VAT, maintenance costs).
It is known that the smallest apartment is 38.5m2, the average apartment is 51.2m2. The average price is from 600-800 million VND per apartment. Meanwhile, a large apartment of 67.5m2 is priced at over 1 billion VND.
According to the records at the dossier receiving point, very few people and workers came to ask to buy social housing. There is no scene of workers lining up to get a lottery to buy apartments in this project.
According to the assessment, there are many reasons why social housing projects are lacking buyers. For example, the location of the project away from the factory is not suitable for the majority of workers, the price is still high compared to workers.... In addition, there is also the reason that buying social housing requires many legal procedures, making workers hesitant to do so.
