Speaking at the ceremony, Mr. Duong Cong Minh - key shareholder of Him Lam Joint Stock Company, Chairman of the Board of Directors of Sacombank Bank - said that in response to the housing development program for rent of Hanoi City according to the policy of the Party and the Government, Him Lam has proposed to implement the Him Lam Long Bien Mixed Housing Area project in the land area of Dam Quang Trung street, Long Bien ward.
The project has a rental housing item, expected to provide about 2,000 apartments. This proposal has been approved by the Hanoi People's Committee for investors in Decision No. 3099 dated June 21, 2026.
With the advantage of clean land fund and convenient location near existing residential areas, Aeon Mall Long Bien shopping center, convenient connecting infrastructure, full amenities... "Him Lam Long Bien Mixed Housing Area" is considered one of the largest rental housing projects in Hanoi.
The project has a scale of about 25ha in Long Bien ward, the preliminary investment capital of the project is about 29,000 billion VND; providing about 2,000 apartments for rent, along with technical infrastructure, school services, green trees and public utilities that will be synchronously invested. It is expected that by the fourth quarter of 2028, the rental housing component of the project will be completed and put into operation.
Representatives of Him Lam Joint Stock Company committed to fully preparing resources to implement the project quickly, synchronously, and on schedule; and at the same time ensure the quality of rental housing equivalent to commercial housing in terms of technology, aesthetics and urban amenities and proposed to study specific mechanisms and policies for the rental housing segment, especially creating conditions for investors to borrow preferential and long-term capital when developing projects in Hanoi.
According to Mr. Minh, the housing rental demand of people, especially workers, officials, civil servants, workers and young families, is very large. However, the supply of professional rental housing, invested methodically and synchronously in terms of infrastructure and amenities, is still very limited, mostly still self-built, fragmented, unstable types of boarding houses, not meeting people's expectations for a quality, safe and long-term place to live.
The project started today will create a premise for gradually forming a new housing segment, meeting the increasingly diverse needs of people. At the same time, gradually forming a professional, high-quality, affordable rental housing market; contributing to reducing the pressure of owning a house at all costs, building a healthy, sustainable real estate market in line with international development trends...
