Current status of social housing project expected at 25 million VND/m2 in Hanoi
NGỌC THÙY |
Workers are busy working at the construction site of the social housing project NO1 Ha Dinh, Thanh Tri district, Hanoi.
On February 13, the NOXH project NO1 Ha Dinh, located in the Ha Dinh New Urban Area (Lane 214 Nguyen Xien, Tan Trieu Commune), is urgently under construction after a long delay.The project is invested by a consortium of Urban Infrastructure Development Investment Company (UDIC), Hanoi Electricity and Water Construction Joint Stock Company Haweicco and Hanoi DAC Housing Development and Trading Joint Stock Company.The project started construction at the end of 2024, the joint venture investor has completed investment procedures and project construction in accordance with the law. The project is expected to be completed in the fourth quarter of 2027.At the NO1 Ha Dinh project construction site, workers are urgently constructing the foundation, including bored pile drilling.A series of construction machinery and equipment were mobilized to meet construction progress.The atmosphere at the construction site is very urgent, with construction activities taking place continuously.Mr. Dac Van Long, a resident of Lane 214 Nguyen Xien, shared: “Previously, this land was abandoned, surrounded by corrugated iron, and overgrown with weeds. Now, with the implementation of the project, the urban area has begun to change its appearance, becoming more spacious. I hope the project will be completed on schedule so as not to affect the lives of surrounding households.”The NO1 Ha Dinh project includes a total of 440 apartments, including 365 social housing units and 75 commercial housing units. Specifically, of the 365 social housing units, 255 are for sale, 37 are for rent-purchase and 73 are for rent.According to information from the Hanoi Department of Construction, the estimated selling price of apartments in this project is 25 million VND/m2. Thus, with an area of about 70m2, each apartment costs about 1.75 billion VND. This is considered a relatively reasonable price compared to the market, especially in the context of increasing demand for social housing in the capital.The rental price of social housing here is about 150,000 VND/m2/month, while the rental price is 390,000 VND/m2/month. However, the official price will be announced after being assessed by the management agency according to regulations.The NOXH project NO1 Ha Dinh is expected to be an important step forward in solving the housing shortage in the capital, especially for low-income people. When completed, the project will not only meet housing needs but also contribute to changing the face of Ha Dinh urban area, creating a new, modern and convenient living environment for residents.
In 2025, Hanoi city is expected to complete 11 social housing projects with nearly 6,000 apartments, equivalent to 345,000m2 of floor space. And in the period of 2026-2030, it is expected to deploy 50 more projects with nearly 57,200 apartments, equivalent to 3.2 million m2 of floor space.
This is part of the social housing development strategy to meet the urgent housing needs of low-income people, helping to improve the quality of life for disadvantaged people in Hanoi.
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