The accommodation area for workers at Linh Trung II Export Processing Zone in HCM City's Thu Duc city. (Photo: nld.com.vn) The municipal People’s Council has passed a resolution on housingdevelopment in the 2021-2030 period.
Of the total social housing units, about 7,000 lease houses with500,000sq.m of floor space and 4,500 accommodations for workers with220,000sq.m of floor space will be built by 2025.
The city targets to build 50 million square metres of houses by2025, and about 57.5 million square metres of houses in the following fiveyears from 2026 to 2030.
This construction aims to meet locals’ living needs and increasethe minimum housing area in the city to 10sq.m per person by 2025, and 12sq.mper person by 2030.
The city plans to develop about 15.5 million square metres offloor space for commercial housing by 2025, and 21.4 million square metres offloor space for commercial housing by 2030.
In the following five years from 2026 to 2030, the city will build58,000 social housing units with 4.08 million square metres of floor space,including 11.600 lease houses with 816,000sq.m of floor space and 8,000accommodations for workers with 480,000sq.m of floor space.
By 2030, an additional 31.9 million square metres of floor spacefor separate houses for households will be added.
The city has identified housing development as one of the mostimportant factors in its socio-economic development.
It strives to address the bottlenecks slowing down development ofsocial housing to meet the rising demand for affordable houses, create betterliving conditions to attract more high-quality workers and retain them to liveand work in the city.
All sectors are encouraged to invest in housing development,especially social housing and low-cost housing.
The city prioritises the allocation of public investment capitalfrom the State budget to social housing projects with lease or hire-purchaseunits, and seeks to increase the proportion of rental housing in the affordablehousing segment.
Capital for the city’s housing development is expected to beraised from sources such as private enterprises, credit institutions, theaccumulated capital of households and other sources.
Meanwhile, capital for social housing development will mainly be takenfrom private enterprises, preferential credits, and about 10 per cent of thecity's budget.
The city plans to spend about 3.8 trillion VND (160 million USD)for social housing in the 2021-2025 period, and 8.6 trillion VND (366.8 millionUSD) for social housing in the 2026-2030 period.
It will develop high-rise buildings, increase the proportion ofapartment buildings, give priority to developing housing projects in new urbanareas, limit new housing projects in the central areas, and create land fundsfor transport projects, public parks and parking spaces.
According to the city’s Department of Construction, the city nowhas 33 commercial housing projects which are required to set aside 20% of theirland for social housing.
This will enable the city to have 70,000 social housing units.
By 2023, 14 out of 33 projects will have completed site clearanceand compensation, and are expected to start construction next year to put intouse about 15,000 social housing units.
The municipal People's Council has also approved a resolution toestablish a working team to monitor the implementation of social housingprojects in the city in the 2016-2025 period./.
VNA
