Illustration of the social housing project in Quang Ninh Province.
The People’s Committee of Quang Ninh Province has recently approved the investment policy for a social housing project in Da Giac 3, Hung Thang Service Urban Area, Bai Chay Ward. The project is led by Ha Long Investment and Production Development Company Limited.
With a total investment of nearly VND 3.4 trillion, the project falls under Group B as per the 2024 Public Investment Law. It spans approximately 3 hectares, with over 1.7 hectares dedicated to construction. The site’s terrain is low-lying, primarily consisting of former ponds, overgrown with shrubs and weeds, and scattered with surplus materials from land leveling and demolition activities.
As per the approved plan, the project will feature three 30-story residential towers, including two basement levels and a technical floor, reaching a maximum height of 110 meters. The development will offer nearly 2,600 apartments, comprising 2,035 social housing units (in Towers A and B) and 542 commercial units (in Tower T), catering to sales, rental, and rent-to-own demands.
Upon completion, the project is expected to accommodate around 5,000 residents, significantly addressing the housing needs of local workers, officials, and employees. It will also enhance the social infrastructure in the Bai Chay area.
Previously, Quang Ninh Province assigned developers to undertake three additional social housing projects within the 20% land funds allocated for social housing in urban areas.
In Cao Xanh Ward, a joint venture between My Quyen Trade and Investment JSC and Global Financial Investment JSC is developing the AOM-72 social housing project. This 25-story complex will include nearly 1,800 units (1,750 social housing and 39 adjacent houses), with a total investment of VND 2.266 trillion, slated for operation in Q4/2028.
Additionally, in the same ward, a partnership between Gland Real Estate JSC and Global Financial Investment JSC is constructing a social housing project northwest of Tran Thai Tong Street. This project comprises two 10-story buildings with 300 apartments, funded at VND 592 billion, and is expected to complete in Q4/2027.
In Ha Tu Ward, the province has approved a social housing project within the Ha Long – Cam Pha Coastal Resort and Commercial Service Complex, developed by Hai Phat Real Estate Investment and Business JSC. This project includes four 18-story residential towers, with a total investment exceeding VND 1.7 trillion, providing housing for approximately 2,760 individuals.
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