The Binh Thuan Housing Business and Construction Company began work on a social housing project in the central coastal city of Phan Thiet , Binh Thuan province on April 23.

Covering 3,700 square metres in Phu Tai ward, the project comprises two 14-storey buildings with a total of 306 apartments.

The investor committed to selling 43-60 square-metre apartments for 350-500 million VND (16,200-23,200 USD).

Interested buyers can also access loans from the government’s 30 trillion VND housing support package with an annual interest rate of 5 percent over 15 years.

The project is expected to be completed in the fourth quarter of 2016.-VNA