Inside old social housing projects priced at nearly 4 billion VND/unit

Talking to Tien Phong, Mr. Tran Dinh Quan - Sales Director of Evergreen Bac Giang Social Housing Project and Evergreen Trang Due Social Housing Project (Hai Phong) said: The transfer of social housing apartments after 5 years of high prices proves that the market is lacking projects that meet the needs of middle and low income earners in society, especially in the two major localities of Hanoi and Ho Chi Minh City.

Meanwhile, the Vietnam Association of Realtors (VARS) pointed out that housing prices are continuously setting new levels, at high levels, far exceeding the income growth rate of the majority of people.

It is known that according to the list of housing projects and urban areas under the 2021-2025 Development Plan (phase 3) just approved by the Hanoi People's Committee, the capital will have 6 more social housing projects, with a total area of ​​nearly 13 hectares in Ba Dinh, Long Bien districts and Thanh Tri and Thach That districts.

If completed, these projects will provide the market with more than 8,300 apartments. Currently, most of the projects have completed site clearance, are being implemented and are expected to be completed in the period 2026-2029...