HCMC – Two social housing projects with 2,064 apartment units will start at the end of August in Thu Duc City and District 7, using 20% of commercial residential land.
With a total area of over 30,000 square meters, the two projects will help increase the supply of social housing and create homeownership opportunities for low-income people, according to the HCMC Department of Construction.
The social housing project located in the Tan Thuan Tay Residental Area in District 7 will break ground on August 30. With a scale of 1,300 apartments and a total area of nearly 12,800 square meters, the project can easily access technical infrastructure and traffic connections.
The project in Thu Duc City will be built in Phu Huu Ward with a total area of nearly 19,000 square meters and a scale of 764 affordable apartments. Some low-cost commercial housing units with technical infrastructure have already been built in this area.
Apart from the above two projects, HCMC will execute three more projects to repair and rebuild aging apartment buildings in District 1 and Tan Binh District with a scale of nearly 900 apartments. The three projects comprise apartment buildings at 100 Co Giang Street and 23 Ly Tu Trong in District 1 and at 350 Hoang Van Thu Street in Tan Binh District. The total area of the three renovation projects is over 30,000 square meters.
HCMC’s social housing projects are favorable to workers and low-income people due to their affordable prices. These projects are part of the program to replace aging apartment buildings and slums with affordable housing units.
In 2016-2020, HCMC built many social housing projects with a total area of over 1.2 million square meters. However, only one housing project for workers was put into use with 756 rooms, satisfying the housing needs of some 4,600 people and accounting for 13% of the target.