Ho Chi Minh City develops 160,000 social housing apartments in the next 10 years

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Ho Chi Minh City develops 160,000 social housing apartments in the next 10 years

The Ho Chi Minh City Department of Construction has just submitted to the City People's Committee for approval the project to build the Ho Chi Minh City Housing Development Program for the period of 2021-2030.
Since the early years when the State issued the Ordinance on Housing, Ho Chi Minh City has implemented the policy on social housing and is the first locality in the country to build 1,000 social houses. installment sale within 10 years with very good effect. With an increasingly complete and complete legal corridor, along with preferential and supportive policies from the state, for many years, Ho Chi Minh City has always tried to implement well the housing policy through Detailed execution plan for each stage. In the period of 2021-2030, the city aims to reach 295 million square meters of total floor area by 2030, averaging 26.5 square meters / person (expected population size of the whole city by the end of 2030 is about 11.1. million people).
Towards the above goal, in the period of 2021-2030, Ho Chi Minh City plans to develop about 4 million m2 of social housing, equivalent to about 160,000 apartments with minimum area. In which, in the 2021-2025 period, about 1.8 million m2 of floor will be developed and 2.2 million m2 of floor area will be developed in the 2026-2030 period.

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To do this, the city requires businesses with projects over 10ha to spend 20% of the area to build social houses. In addition, priority is given to the use of state land funds to develop this housing group. For commercial housing, in the period of 2021-2030, it is expected to develop 45.2 million m2 of floor area.
According to the plan, in the period of 2021-2025, develop 19.7 million m2 of floor area and in the period of 2026-2030, develop 25.5 million m2 of floor area. To realize the goals, the City will promulgate mechanisms to strengthen international cooperation, attract and provide financial support to increase the feasibility and promote the implementation of housing development and investment projects. under the form of public - private partnership (PPP). At the same time add to the list of projects calling for investment in the form of PPP of the City with this type of housing. Separate house built by people, in the period of 2021-2030, is expected to develop 59.2 million m2 of floor./.

(TTQH)