Van Phuc and Thuong Cat Bridge design images to start construction in 2024
Hanoi city has just assigned relevant departments, including investors, to complete the preparatory steps and start the construction of Van Phuc and Thuong Cat bridges with a total investment of over VND 11,000 billion in 2024.
The Hanoi People's Committee is seeking feedback on a draft framework for rental prices of social housing projects in the city that are not publicly funded or financed by trade union finances. The proposed framework sets a maximum rental rate of 198,000 VND per square meter per month for these properties.
The Hanoi apartment market is experiencing a significant surge in prices, with social housing costs skyrocketing to a range of VND 40-45 million per square meter, and some units even exceeding VND 50 million. Prospective buyers are now facing the reality that purchasing social housing comes with a hefty price tag, requiring billions of VND to even enter the conversation. This unprecedented rise in prices has caught the attention of many, highlighting the changing landscape of the real estate market in Hanoi.