Over sixty commercial projects shift to social housing

Illustrative (Source: VNA)

Sixty-two commercial-housing projects with 41,769 apartments in total has registered to be social-housing projects all over the country so far, according to the Ministry of Construction.

Of the 62, Hanoi has 24 projects with 15,468 apartments and combined investment of 9.3 trillion USD (465 million USD).

Another 19 projects in the capital city are being considered for entrance into the programme.

HCM City has 25 projects registered to be converted into social-housing projects with 15,115 flats and a total investment of 9.1 trillion VND (454 million USD).

The city is examining 12 other projects for the purpose.

Becoming a social-housing project helps housing projects sell their apartments quickly, given that customers who buy flats in the projects have access to low-interest rate loans from the Government’s 30-trillion-VND (1.38 billion USD) credit package.-VNA