The social housing project Tân Đông Hiệp is selling social housing units at a price of 30 million dong/m2, equal to the price of commercial housing, causing a stir.
Recently, on the market and on real estate websites, there has been a lot of housing units for sale in the Tân Đông Hiệp social housing project (commercial name New Lavida), which is owned by Toàn Thịnh Phát Trading and Development Company and developed by Lê Phong Group.
According to the introduction, the project has a total land area of over 10,000m2, in which the area for apartment buildings is 4,760m2, with a construction density of 46%. The remaining area is for schools, parks, transportation, and public utilities. The project has 80% social housing units and 20% commercial housing units.
The project has been roofed and is currently being finished on the inside and the facilities. It is expected to be handed over to customers in the fourth quarter of 2024.
Playing the role of a person interested in buying social housing, I was informed by the sales staff that the selling price at this project is 30 million dong/m2 for both social housing and commercial housing units.
When asked why the prices of social housing and commercial housing are the same, the sales staff explained that while buying social housing comes with more favorable loan interest rates from the government, the conditions for purchasing are more difficult. In terms of construction quality and high-end facilities, both social housing and commercial housing are the same.
In an exchange with a reporter, Mr. Lê Quang Vinh, Head of the Housing and Real Estate Market Management Division of Bình Dương province, stated that the Tân Đông Hiệp social housing project has not been announced for sale by the competent authority. The contracts for buying and selling at social housing projects are based on agreements and voluntary agreements between the two parties. If there are disputes, contact the relevant authorities for resolution.
The Tân Đông Hiệp social housing project has not been announced for sale by the competent authority.
Many experts believe that the development of social housing is an appropriate goal, meeting the urgent need for housing for low-income people in urban areas, industrial zone workers, etc. In response to the information that the Tân Đông Hiệp social housing project is being pushed to the same high selling prices as commercial housing, the competent authorities of Bình Dương province need to investigate and verify the situation.
In addition, home buyers should carefully research information about the project and the approved selling prices by the authorities to avoid financial losses.
According to updated information from the People’s Committee of Bình Dương province, the Tân Đông Hiệp social housing project is included in the list of socially-subsidized housing development projects in the province. The project consists of 882 units with a total investment capital of 768 billion dong, with a loan demand of 537 billion dong. The project has the participation of the Bình Dương Social Policy Bank to support people in accessing low-interest capital for housing purchase.
