Dong Nai: 1 project
In August, the Department of Construction of Dong Nai province announced that 98 future formed houses in a part of area 2 of the Aqua Waterfront City urban area project in Long Hung, Bien Hoa city met the conditions for business operations.
Earlier, on May 20, Dalat Valley Real Estate Company (project investor and subsidiary of Novaland) affirmed in a document that the area of 98 low-rise houses in a part of area 2 was built according to the detailed planning of 1/500 of the People’s Committee of Dong Nai province. The company also stated that this area is not within the scope of the detailed planning of 1/500 that the company is proposing to the departments of Dong Nai province. For the scope that is not adjusted in the 1/500 planning, the company is also proposing that the provincial authorities update it into higher-level planning to ensure synchronization.
Aqua Waterfront City is part of the nearly 1,000-hectare Aqua City eco-smart urban area project, invested by Novaland Investment Corporation (HOSE: NVL).
Aqua Waterfront City project under construction
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Thai Binh: 1 project
On August 19, the Department of Construction of Thai Binh announced that future formed houses are eligible for sale or lease-purchase at 74 land-linked lots in the commercial housing development project in Group 21, Tran Hung Dao ward, Thai Binh city, invested by DragonVentures Investment and Development JSC.
The project has a total planned land area of over 12,221m2, providing 74 interconnected houses, 5 floors high, and a population scale of 300 people. The total investment amount is over VND 100 billion.
Nghe An: 1 social housing project
The Department of Construction of Nghe An province informed that it had received an application for purchasing social housing at Social Housing 1 of the low-income housing project and employees in Hung Loc ward, Vinh city, invested by Petroleum Trading and Investment Joint Stock Company Nghe An (UPCoM: PXA) since August 25, 2024.
The project was started on July 5, 2024, including a 5-floor building, a construction area of nearly 1,022m2 with a total of 60 apartments, of which 47 will be sold at a tentative price of VND 16 million/m2.
Binh Dinh: 3 social housing projects
On August 14, Ecohome Nhon Binh Co., Ltd. (project investor) announced the receipt of dossiers for purchasing social housing in the Ecohome Nhon Binh social housing project, Nhon Binh ward, Quy Nhon city (phase 38) from August 16 to September 16, 2024.
According to the investor’s website, Ecohome Nhon Binh was started in 2020, on an area of ​​over 4.6ha, including 5 blocks with a total of 1,380 apartments.
The total number of sales in phase 38 is 15 apartments. The average price of social housing (including VAT and excluding maintenance fees) is nearly VND 12.2 million/m2.
Ecohome Nhon Binh project illustration
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Also in August, the Department of Construction of Binh Dinh province announced the sale of 344 social housing apartments in the Nhon Phu 2 social housing project, Nhon Phu ward, Quy Nhon city (phase 3), invested by Solrise Nhon Phu Co., Ltd. The deadline for receiving the purchase dossier is September 15.
Previously, in May and June, this social housing opened for sale a total of 409 apartments (phase 1 and 2).
The project has a total investment of nearly VND 727 billion (excluding compensation, site clearance, land use and land rental), started on January 26, 2024 and is expected to be completed in the first quarter of 2026, with a planning area of ​​3.81ha and a population of over 2,300 people.
The average selling price of social housing in the project is about VND 12 million/m2 (excluding VAT and 2% maintenance fee). With an area of ​​35-68m2, each apartment costs from VND 420-820 million.
 Nhon Phu 2 social housing project illustration, Nhon Phu ward, Quy Nhon city
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On August 9, Tan Dai Minh Investment Joint Stock Company announced the issuance of registration dossiers for purchasing, lease-purchasing 360 social housing apartments at Tan Dai Minh 2 social housing project (Lamer 2) – phase 14, located in area 5, Quang Trung ward, Quy Nhon city. The deadline for issuing dossiers is September 30, 2024.
Lamer 2 has a total investment of nearly VND 769 billion, is the second social housing project invested by Tan Dai Minh on an area of ​​13,423m2. Of which, the area of ​​social housing is nearly 5,613m2, the area of ​​commercial interconnected houses is nearly 2,685m2, the rest is for transport, technical infrastructure, parks and greenery.
The project has 851 apartments, including 3 blocks of high-rise apartments with 23 floors (including technical and roof floors), expected to be completed in the fourth quarter of 2024.
The tentative selling price at Lamer 2 is nearly VND 14.9 million/m2 (excluding VAT and 2% maintenance fee), with an area of ​​54.44 – 70m2, the price of each apartment ranges from VND 800 million to VND 1 billion.
Lamer 2 social housing project illustration
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Thai Nguyen: 1 social housing project
On August 14, the Department of Construction of Thai Nguyen announced the receipt of applications for purchasing social housing in the Dai Thang residential area project, Pho Yen town, from September 15 to October 15, 2024.
The project is invested by TNG Land Joint Stock Company (a company owned by TNG with 48.81%) on an area of ​​8,432m2; started in the second quarter of 2024, expected to be completed in the fourth quarter of 2025. The number for sale includes 361 apartments (1 18-storey building) and 34 interconnected houses (2 floors). The population scale is 774 people. The selling price is VND 13.7 million/m2.
 Illustration of social housing in Dai Thang residential area project
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Hung Yen: 1 social housing project
On August 8, Lac Hong Phuc Investment and Development Joint Stock Company continued to send a notice to the Department of Construction of Hung Yen province on requesting to publish information for customers to register to buy, lease and lease-purchase 29 social housing units at the project of investing in construction. Social housing, commercial housing Lac Hong Phuc, in Nhan Hoa ward, My Hao town. The deadline for receiving the dossier is September 2024.
In the first seven months of 2024, Lac Hong Phuc Company announced the sale of a total of 250 social housing apartments in the project. The apartments for sale have an area of ​​from 47 – 60m2, the price fluctuates as announced in the previous phases ranges from over VND 11.5-13.5 million/m2, corresponding to a price of about VND 600-800 million/apartment.
Tien Giang: 1 social housing project
On August 6, Hoang Quan Commercial Consulting Services Real Estate Joint Stock Company (HOSE: HQC) announced that 171 apartments in Block 3C and 3D of the social housing project in Tan Huong Industrial Park (commercial name HQC Tan Huong) are eligible for sale, lease-purchase of formed houses in the future.
HQC Tan Huong social housing has a total area of ​​14,190m2 in Tan Huong commune, Chau Thanh district, Tien Giang province; adjacent to Tan Huong Industrial Park (over 197 ha), Long Giang Industrial Park (540 ha), invested by HQC.
The project scale includes 4 blocks (A, B with 10 floors and C, D with 5 floors) and 2 auxiliary blocks with a total of 629 apartments for about 1,800 residents, with a total investment of VND 559 billion.
The selling price of social housing is VND 16.5 million/m2, with an area of ​​over 38-59m2, it is estimated that home buyers need to spend about VND 630-980 million to own the above apartment.
An Giang: 1 social housing project
On July 31, the Department of Construction of An Giang province announced the sale of 31 apartments in the social housing project – Golden City An Giang urban area (T3 – T4 tower, phase 5). In February and June, T3 – In phase 4, 251 apartments were also opened for sale.
The social housing – Golden City An Giang urban area project is located in My Hoa ward, Long Xuyen city, invested by Dong A Service and Trading Joint Stock Company.
The project has a total investment of over VND 900 billion, with an area of ​​43.4ha, including 658 interconnected houses, 392 villas and nearly 4.3ha of social housing construction. In which, T3 – The T4 tower has an area of ​​over 8,170m2; the scale of 10 floors and 1 basement; a total of 531 apartments, with an area of ​​35.4 – 67m2.
The selling price announced by the Department of Construction of An Giang on August 22, 2022 is nearly VND 12.9 million/m2 (including 5% VAT, excluding maintenance fees as prescribed). With an area of ​​ranging from 35.4 – 67m2/apartment, each apartment costs from VND 456-864 million.
Construction progress of T3, T4 social housing Golden City An Giang in mid-September 2023
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Ba Ria – Vung Tau: 1 project
At the end of July, the Department of Natural Resources and Environment of Ba Ria – Vung Tau province announced that the house at Lot A10 of the Ngoc Tuoc 2 villa project, Ward 8, Vung Tau city is eligible for transfer as prescribed.
Ngoc Tuoc 2 villa project has an area of ​​14.3ha including 165 villa and garden plots with an area of ​​300 – 700m2 and 40 interconnected plots, invested by Ba Ria – Vung Tau Housing Development Joint Stock Company (Hodeco, HOSE: HDC).
In this project, Mr. Le Viet Lien – General Director of HDC once said that it will complete the adjustment of planning of 1/500 and handle encroachment cases. This is a project that Mr. Lien evaluates quite special and has a great demand.
Perspective of Ngoc Tuoc 2 villa project
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In addition, on August 28, the Department of Construction of Hanoi announced a list of housing projects that meet the conditions for real estate formed in the future to be put into business in the area.
Accordingly, from the beginning of the year to August 26, 2024, Hanoi has 9 projects with a total of more than 5,300 houses that meet the conditions for selling “houses on paper”
[Hanoi has an additional 5,300 houses allowed to be put into business](https://vietstock.vn/2024/09/ha-noi-co-them-5300-can-nha-duoc-phep-dua-vao-kinh-doanh-20240908153144371.htm)
Thanh Tu
Building a Better Future: 26,000 Social Housing Units to be Constructed in Binh Duong
Each year, the provincial city of Binh Duong will develop a minimum of 1-2 new social housing projects, while the districts must reach a minimum of 2 new projects. It is an ambitious plan that aims to provide affordable and comfortable living for the people of Binh Duong. With this initiative, the province takes a significant step towards ensuring a better quality of life for its residents.
Why is the disbursement of the VND120 trillion package for social housing construction still slow?
The Ministry of Construction has reported to the Prime Minister on the progress of the proposal to develop and invest in the construction of at least one million social housing units during the period of 2021 to 2030.
Why Social Housing Isn’t Really Attractive Yet
Why do so many projects fail to sell? It’s simple; they lack the allure that comes with quality, location, and competitive pricing. To make social housing projects appealing and, more importantly, sellable, thorough and accurate surveys and evaluations are essential.
What Did the Ministry of Construction Report to the Prime Minister About the 1 Million Social Houses?
According to the Ministry of Construction, the number of social housing units completed from 2021 to the present (as of the end of August 2024) falls significantly short of the government’s target in the project to build 1 million social housing units, with only 428,000 units completed during the 2021-2025 period.
A Powerhouse Alliance: Thai Son and Saigon Thanh Dat’s Visionary Residential Project in Quang Tri Province
As per the Quang Tri Province’s Department of Planning and Investment, the consortium of Saigon Thanh Dat Agricultural Investment JSC and Thai Son Traffic Work Construction JSC is the sole investor registered to develop the Urban Housing and Social Housing Project in the Nam Dong Ha Industrial Park.
