Society

Low-income housing project starts in Thai Binh

The Housing and Urban Development Company (HUD) on September 6 began construction work on a housing project targeting low-income earners in the northern province of Thai Binh.

The Housing and Urban Development Company (HUD) on September 6 beganconstruction work on a housing project targeting low-income earners inthe northern province of Thai Binh.

The project on a 6,176sq.m land lot in Thai Binh City is expected to provide nearly 200apartments ranging from 40 to 63 sq.m each. The investor plans to sellthe apartments at around 6.75 million VND (318.8 USD) per square metre.

Some of the apartments will be offered for rent at about 39,000 VND (1.84 USD) per sp.m.

Speaking on the occasion, Deputy Minister of Construction Nguyen TranNam said the government has issued a range of policies on social housingwith the aim of improving living conditions for the people.

The HUD is among a few companies reaping success in social housing, withmany projects throughout the country, including the Tay Nam Linh Dam,Thanh Lam-Dai Thinh 2 and Giang Bien urban areas in Hanoi, the An BinhApartments in central Khanh Hoa province’s Nha Trang City, Dong Son incentral Thanh Hoa province and Hiep Phu ward new urban zone in District9, Ho Chi Minh City./.

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