HCM City has decided to continue auctioning 14,000 vacant apartments at resettlement sites following the successful sale of 200 in Phu My in District 7.
Thu Thiem new urban area was a “hot” topic in a meeting between Politburo member and Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan and voters in the city’s District 2.
Hanoi is planning a massive 5.5 billion USD expansion project for Noi Bai Airport to brace against overloading that is expected in just a few years, said an official.
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.
Hanoi will start the construction of a resettlement area in March as
part of a project to move some 26,000 residents from the city's
overcrowded Old Quarter.
The HCM City Real Estate Association (HOREA) plans to give priority to
the medium- and low-priced housing segment to meet increased demand
during the 2010-15 period.