The Hanoi Construction Department announced that the selling price of social housing at the project (excluding 5% VAT and 2% maintenance fee) is over VND 13.6 million/m2. The rental price (excluding VAT) is VND 45,396/m2/month. The deadline for application submission is October 1st.
Hanoi releases over a hundred social housing apartments in Phu Lam with prices starting from VND 13.6 million/m2.
The Phu Lam Social Housing Project, developed by Hai Phat Investment JSC, is constructed on a land area of over 45,100 m2, utilizing direct investment capital from non-state budget sources.
The project comprises five high-rise buildings from CT01 to CT05, each with 18 floors and one basement. The first floor accommodates commercial and community services, while the second to eighteenth floors are designated for residential apartments. The basement serves as a parking lot and houses technical facilities, and the tum (19th) floor is allocated for technical rooms and stairwells.
In total, the project offers 1,902 apartments, including 1,126 social housing units for sale, 408 for rent, and 368 commercial units.
This second phase involves the sale of 128 social housing apartments after five years of rental.
Earlier this year, the project converted 408 rental apartments for sale at VND 13.6 million/m2 after five years of rental. However, due to a limited number of purchasers, Hanoi has decided to proceed with the second sale.
Danang Unveils Hundreds of New Affordable Housing Units
On September 6th, the Danang Department of Construction announced the release of affordable housing units for sale at the B4-2 lot in the Bau Tram Green Urban Area (Hai Van Ward).
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The country’s factory output is expected to surge to 14 million tons per annum with the completion of these production lines.
“The Northern Industrial Hub”: Social Housing Now Available from VND 13 Million per sq. m.
According to the local Department of Construction, the launch of hundreds of affordable housing units is expected to significantly boost the housing supply and cater to the needs of the community.
The Ghost Month Didn’t Haunt House Hunters: A Tale of Resilience in the Property Market
Many homebuyers remain unfazed by the traditional beliefs surrounding the inauspicious Ghost Month (the seventh month of the lunar calendar). This is evident from the steady stream of visitors and potential buyers that some apartment projects in Ho Chi Minh City continue to attract, even at the beginning of the week.
