Society

Ho Chi Minh City develops social housing

Ho Chi Minh City authorities handed over 109 apartments in a social housing project to owners at a ceremony on April 18.
Ho Chi Minh City authorities handed over 109 apartments in a social housing project to owners at a ceremony on April 18.

The apartments are part of the 490-unit Useful Apartment projectfunded by Esaco Group, covering nearly 6,714 square metres on Lac LongQuan Street in Tan Binh district.

Between 2011and 2014 more than 6,000 apartments were completed under 20 socialhousing projects, according to the municipal Department of Construction.

Another 880 apartments were shifted from commercial projects and six other social housing projects were approved.

The city has had 43 social housing projects to date, and 8 othersshifted from commercial projects, offering a total of nearly 50,000apartments.

In 2015, the city intends to complete five social housing projects providing more than 3,500 apartments.

It plans to build an additional 40 million square metres of socialhousing through 2020, offering 10,000 apartments and accommodatinghundreds of thousands of workers and students.-VNA
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