Hanoi: 1,300 more apartments to be available hinh anh 1Illustrative image (Source: VNA)

Hanoi (VNA) – Hanoi will soon have 1,300 new apartments thanks to a social housing project invested by Capital House Group, a real estate developer focusing on green buildings in Vietnam.

Located on Tan Xuan street of Bac Tu Liem district, construction on the Ecohome 3 project will start this month. The project with two 31-storey buildings is expected to be put into use in the fourth quarter of 2020, with a total investment of about 1.89 trillion VND (81.3 million USD).

Ecohome 3 will be Vietnam’s first social housing project to receive the Excellence in Design for Greater Efficiencies (EDGE) from the International Financial Corporation with 25 percent of energy, 36 percent of water and 32 percent of embodied energy in materials predicted to be saved.

Earlier, Capital House 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 group won the Achievement in Transformational Infrastructure: Green Buildings award from The Financial Times for its EDGE-certified property, Ecohome Phuc Loi.-VNA