Ho Chi Minh City aims to build about 20,000 social houses, 35,000 concentrated residential places for workers at industrial parks and 10,000 others for students during 2016-2020.
HCMCity (VNA) – Ho Chi Minh City aims to build about 20,000 social houses,35,000 concentrated residential places for workers at industrial parks and10,000 others for students during 2016-2020.
Tothat end, the city will classify subjects to social housing, targetingrevolutionary contributors, low-income earners, the poor, those near thepoverty line, workers in and outside industrial and processing zones, andofficials, according to Tran Vinh Tuyen, Vice Chairman of the municipalPeople’s Committee.
Thehouses will be built in different areas to serve different purposes and sold atprices ranging from 300 million VND (13,200 USD) to about 1 billion VND (44,000USD), he said.
Atthe same time, the locality will adjust the State budget for social housing, accelerateadministrative reform to make it easier for relevant investment procedures, andpublicise the list of eligible social housing projects.
Thenational housing development strategy targets 12.5 million sq.m of social andaffordable housing by 2020. -VNA
The Department of Construction in HCM City has encouraged companies at the Hiep Phuoc and Linh Trung Industrial Parks in Nha Be and Thu Duc districts to pilot construction of residential buildings.
Low-cost housing projects planned by the municipal administration should have the same quality of construction and infrastructure as their commercial counterparts.
HCM City is seeking more than 128 trillion VND (5.63 billion USD) in investment between now and 2020 for socio-economic development, according to the city’s Department of Planning and Investment.
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Illustrative photo (Source: VNA) 
