Vietnamplus

A series of resettlement houses in Hanoi remain partially empty as their intended residents have not moved in, wasting State resources.

Fire prevention and fighting remains a challenge for Hanoi authorities, with many fires across the capital city leaving serious consequences.

Ho Chi Minh City’s real estate market in the 2017-20 period will see major changes as supply and demand will gradually adjust, stabilising and strengthening the market, according to the city’s Real Estate Association.

HCM City in the first half of the year sold 1,000 state-owned houses and apartment buildings, far short of its plan to sell 5,000 of the buildings by the end of the year.

Ten years after beginning renovation work on old apartment buildings in Hanoi, the city has renovated 14 of some 1,516 old apartment buildings, a seminar has reported.

A reconstruction plan for old apartment buildings in Hanoi should be completed by the end of this month, according to the municipal People’s Committee.

Hanoi continues enhancing fire prevention inspections and the maintenance of fire safety systems from one to four times per year, not including sudden inspections, at apartment buildings.

The Ministry of Construction will conduct a comprehensive inspection on apartment buildings built before 1994 and urban public works with the duration of more than 60 years in cities across Vietnam.

More than 40,000 apartments will be needed over the next five years to resettle residents who have had to move for public works or real estate projects.

Singaporean Genesis Global Capital and Phuc Khang Corp signed an agreement on November 1 to develop a green residential building project in Ho Chi Minh City.