The management and use of resettlement housing projects in Hanoi must be improved through the coordination of various state agencies, according to the municipal People’s Committee.
Ho Chi Minh City plans to develop social housing on its own instead of building new resettlement housing with state funds, according to the city’s People’s Committee.
Hanoi sets a target of developing additional 11 million sq.m of housing in 2018, including 430,000 sq.m of social housing, nearly 348,000 sq.m of resettlement housing and more than 2.1 million sq.m of commercial housing.
When it comes to social housing or affordable housing for low-income earners, funding is usually a key factor in such projects. However, once the projects are completed, problems in planning, investment management and efficiency tend to crop up.
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.
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