The largest-ever social housing project in the Mekong Delta is scheduled to be available in June 2016. (Photo: VNA)
The largest-ever social housing project in the Mekong Delta, which had its official groundbreaking ceremony in Vinh Long province on August 1, is scheduled to be available in June 2016.
During the first stage, the first 620 apartments will be up for sale for needy households in Vinh Long province and neighbouring localities.
The HQC Binh Minh project, divided into three stages, will sprawl over 39,100 square metres and accommodate four seven-storey blocks with 1,863 apartments. It is invested by the Hoang Quan Mekong trading and real estate service company at a total cost of 610 billion VND (29 million USD).
The Bank for Investment and Development of Vietnam – Vinh Long branch is offering 20-year loans equivalent to 80 percent of the apartment costs with interest less than 6 percent per year sourced from the government’s 30 trillion VND (1.42 billion USD) housing loan package.
Le Quang Trung, Deputy Chairman of the provincial People’s Committee, said the blocks are also surrounded by kindergartens, schools, a clinic, a shopping mall and community space built by the investor.-VNA
