Hanoi (VNA) – Hanoi will soon have 1,300 new apartments thanks to asocial housing project invested by Capital House Group, a real estate developerfocusing on green buildings in Vietnam.
Located on Tan Xuanstreet of Bac Tu Liem district, construction on the Ecohome 3 project willstart this month. The project with two 31-storey buildings is expected to beput into use in the fourth quarter of 2020, with a total investment of about1.89 trillion VND (81.3 million USD).
Ecohome 3 will beVietnam’s first social housing project to receive the Excellence in Design forGreater Efficiencies (EDGE) from the International Financial Corporation with25 percent of energy, 36 percent of water and 32 percent of embodied energy inmaterials predicted to be saved.
Earlier, CapitalHouse put into use Ecohome 1 and Ecohome 2 in December 2014 and January 2016,providing 1,900 apartments for nearly 5,000 people with low incomes.
In 2018, the groupwon the Achievement in Transformational Infrastructure: Green Buildings awardfrom The Financial Times for its EDGE-certified property, Ecohome Phuc Loi.-VNA