Illustrative image. (Photo: VNA) Hanoi (VNA) – Hanoi will spend 437 trillion VND (18.3 billion USD) on housingdevelopment in the 2021-2025 period.
Under ahousing development plan between 2021 and 2025 which has been approved by themunicipal People’s Committee, the city targets the average housing floor areaper person to be 29.5 sq.m. The size of dwelling in the urban areas is 31 sq.mper person and 28 sq.m per person in rural areas.
The capital city also plans to develop 0.55 million sq.m of floorareas for resettlement purposes and speed up the renovation of old buildings,especially those deemed dangerous for living.
Regarding commercial projects, the city will strive tocomplete 109 projects that are capable of finishing in 2021-2025 with 19.4million sq.m of floor.
Hanoi will continue to remove makeshift houses and raisethe permanent housing rate in the city to 90%.
Of the total investmentof 437 trillion VND, 5.8 trillion VND will be used for social housing, resettlement housing projects, and apartments upgrading. The investmentwill be sourced from the city’s budget.
The citywill also mobilise social resources for the development of commercial housesand other real estate projects.
The municipal People’s Committee requested agencies comply with the city's housing development plans to ensure a balancebetween housing supply and demand as well as fulfil the set targets.
Legal documents will bereviewed to remove difficulties and problems relating to housing andconstruction investment management of infrastructure works, it said.
The city willalso issue preferential mechanisms and policies to support constructioninvestment for technical and social infrastructure works in social housing andresettlement areas towards civilisation and modernity in order to ensure thequality of life and affordable for local residents./.
