Society

HCM City to have first privately-funded social housing project

Carilon Apartment - the first social housing project in Ho Chi Minh City developed without the use of state budget capital - will be finished and handed over to customers by the end of this year.
Carilon Apartment - the first social housing project in Ho Chi MinhCity developed without the use of state budget capital - will befinished and handed over to customers by the end of this year.

The project, launched in November last year at Hoang Hoa Tham street,ward 13 in Tan Binh district, has a total investment of 700 billion VND(32.9 million USD) invested by Saigon Thuong Tin Real Estate JSC(Sacomreal).

Comprising of two blocks with 16stories and a basement in each, the project offers 484 apartments,including 147 social apartments with an area of 51.6-69.4 squaremetres, with the same quality as commercial ones.

Customers buying social apartments will be assisted by the Bank ofInvestment and Development of Vietnam and Vietinbank through loans withan interest rate of six percent per year.

Ngo ViHung, General Director of Sacomreal, said the social apartments will besold to public servants in Tan Binh district.

Thecompany is also finalising documents for the implementation of two moresimilar projects in district 7 and district 2 with 2,000 apartments, oneof which is scheduled to be launched in 2014, he added.-VNA
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