Hanoi has agreed to construct 16 apartment buildings in the Viet HungUrban Area to resettle 26,200 residents of Hoan Kiem district's OldQuarter.
The decision, signed by deputy chairman of theHanoi People's Committee Nguyen Ngoc Tuan on December 22, details howthe buildings will reach eight or nine storeys in height and includepublic facilities, such as kindergartens, primary schools, healthclinics and other public works.
Additionally, the municipalPeople's Committee will choose investors for the construction, whileHoan Kiem district People's Committee is responsible for supervising theconstruction work and resettling the people who will receive theapartments.
It also said that people, who are included inthe resettlement, could buy or rent apartments in the building forresettlement in Viet Hung Urban Area.
Meanwhile, theinvestor will only be allowed to sell the apartments at a maximum profitof 10 percent of their investment, adding that investors can sell 15percent of the flats at market prices.
The decision alsosaid that people in the resettlement projects are to be given priorityto buy and rent the flats. However, one year after completion, if thereare unoccupied flats, the investors will be eligible to sell theapartments to other buyers in the district.
Theresettlement aims to ease the high population density in the OldQuarter, address the degraded living conditions of local people andpreserve heritage sites.
The current population density ofthe Old Quarter stands at 823 people per hectare, well in excess of the2020 target of 500 people per hectare.
According to theHanoi People's Committee, the Old Quarter spans 10 wards of Hoan Kiemdistrict, covering a total of 81 hectares.-VNA
The decision, signed by deputy chairman of theHanoi People's Committee Nguyen Ngoc Tuan on December 22, details howthe buildings will reach eight or nine storeys in height and includepublic facilities, such as kindergartens, primary schools, healthclinics and other public works.
Additionally, the municipalPeople's Committee will choose investors for the construction, whileHoan Kiem district People's Committee is responsible for supervising theconstruction work and resettling the people who will receive theapartments.
It also said that people, who are included inthe resettlement, could buy or rent apartments in the building forresettlement in Viet Hung Urban Area.
Meanwhile, theinvestor will only be allowed to sell the apartments at a maximum profitof 10 percent of their investment, adding that investors can sell 15percent of the flats at market prices.
The decision alsosaid that people in the resettlement projects are to be given priorityto buy and rent the flats. However, one year after completion, if thereare unoccupied flats, the investors will be eligible to sell theapartments to other buyers in the district.
Theresettlement aims to ease the high population density in the OldQuarter, address the degraded living conditions of local people andpreserve heritage sites.
The current population density ofthe Old Quarter stands at 823 people per hectare, well in excess of the2020 target of 500 people per hectare.
According to theHanoi People's Committee, the Old Quarter spans 10 wards of Hoan Kiemdistrict, covering a total of 81 hectares.-VNA
