The first project worth mentioning is the Social Housing Project at Total Warehouse 3 Lac Vien (commercial name: Harbor Residence) located at 142 Le Lai, Ngo Quyen District, with Thai Holding Joint Stock Company as the investor, and a total investment of nearly VND 4,900 billion.
The project boasts a prime location, considered a “golden land” in Hai Phong City, with a land area of nearly 17ha. It comprises 10 blocks of 15-story apartment buildings, offering approximately 4,448 apartments and 163 commercial houses with low-rise designs (6 floors + 1 attic).
Currently, six of the towers are under construction up to the body structure, while the remaining four are at the foundation stage. The project is expected to be completed by 2025.
According to the observations of our reporters, the construction of the Social Housing Project at Total Warehouse 3 Lac Vien is progressing at a rapid pace compared to the initial plan. Each day, thousands of workers are working tirelessly in three shifts to ensure the project’s timely completion.
Despite the scorching heat in Hai Phong in recent days, the workers remain dedicated to their tasks, working tirelessly on the construction site.
The investor’s representative shared that they are determined to accelerate the construction progress beyond the approved schedule to meet the housing needs of the local residents.
According to the leader of the Hai Phong Department of Construction, the Social Housing Project at Total Warehouse 3 Lac Vien is a key project with a large scale and an attractive location in the heart of the city. This project combines social housing with the renovation of old apartment buildings, prioritizing sales to residents of old and dilapidated apartments in the city, in accordance with Resolution No. 04 dated April 12, 2022, of the Hai Phong People’s Council, and Scheme No. 05 dated April 08, 2022, of the Hai Phong People’s Committee.
This project has met the conditions for sale and is currently undergoing procedures for price appraisal, with an expected selling price of VND 17.6 million/m2.
Another project with a prime location, adjacent to the Social Housing Project at Total Warehouse 3 Lac Vien, is the Moonbay Residence social housing project at 384 Le Thanh Tong, Ngo Quyen District, with a total investment of VND 1,648 billion. The project is planned over an area of 1.9ha and includes three 29-story buildings, offering 1,294 apartments.
Currently, the CT1 tower has been topped out and is expected to be handed over to residents by the end of 2024, while the CT3 tower (457 apartments) is under construction up to the 23rd floor. This project is highly regarded for its competitive price of approximately VND 18.9 million/m2, making it an attractive option for those seeking to own an apartment in the inner city with a full range of amenities.
Another affordable housing project that is being expedited is the social housing project within the Trang Due Urban Area for Trade, Services, and Workers (An Duong District), developed by Saigon – Hai Phong Industrial Park Joint Stock Company. This project comprises 2,538 apartments.
The project includes ten 15-story apartment buildings, providing accommodation for over 9,000 workers. It follows a unique model of integrating social housing within an urban area combined with an industrial park. The total investment for the project exceeds VND 1,594 billion. As observed, the CT1 tower (296 apartments) has been topped out and is expected to be handed over to residents by the end of 2024. The construction of the CT5 tower (236 apartments) and CT6 tower (236 apartments) is currently in progress…
This project is attracting attention with its competitive price of approximately VND 16.1 million/m2 and a total of 2,538 apartments.
It is an ideal project for workers and employees in the area, offering a convenient and well-equipped lifestyle.
According to the Hai Phong Department of Construction, there are currently nine social housing projects under construction in the city, with a total scale of 15,000 apartments. These projects are crucial to achieving the city’s target of 15,400 social housing units for the 2021-2025 period set by the Government. In addition to the three projects mentioned above, there are six other projects: Social Housing Project at the New City Urban Area of Hoang Huy in Thuy Nguyen District, with a scale of 149 units and a selling price of VND 14,125 million/m2. The project has been topped out and is in the finishing stage; Social Housing Project at 39 Luong Khanh Thien, Ngo Quyen District (commercial name: Quang Vinh Tower), with a scale of 216 units and an expected selling price of VND 19.5 million/m2. This project has also been topped out and is in the finishing stage; Project to build apartments for low-income people in An Dong Residential Area, An Duong District, with a scale of 775 units; Project to build social housing (phase 1) in Trang Cat Ward, Dinh Vu – Cat Hai Economic Zone, with a scale of 4,004 units; Project for workers’ housing in Dong Hai 2 Ward, Dinh Vu – Cat Hai Economic Zone, with a scale of 1,562 units; Renovation project for old apartments in Do Son, with a scale of 68 units.
“Social Housing “kingpin” sells 100 million shares, doubling market price”
HQC’s stock soared after the social housing tycoon, Hoang Quan Corporation, announced a successful private placement of 100 million shares, priced at VND 10,000 per share, more than double the trading price on the exchange.
