The average selling price listed includes VAT but excludes the Ki coefficient adjusted for location and the common apartment maintenance fund as per regulations.
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Average Provisional Social Housing Price of Happy Home Tràng Cát Project
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As the project is still under implementation and has not yet been settled or audited, the above value is provisional, providing the developer with a temporary basis for determining the selling price.
Within 180 days from the date of completion and acceptance of the construction work, Vinhomes is responsible for conducting a state audit or independent audit, settling the construction investment costs as per regulations, and submitting the dossier to the Department of Construction for review of the social housing selling price.
If the selling or lease-purchase price of social housing, as per the Department of Construction’s review, is higher than the price at which the developer has signed contracts, the developer may not collect the additional difference from the buyer or lease-purchaser. If the price is lower, the developer must refund the difference to the buyer or lease-purchaser.
The developer is not permitted to collect more than 95% of the contract value until the buyer is granted the Certificate of Land Use Rights and Ownership of Property Attached to Land, and any applicable refund of the difference has been completed.
Vinhomes’ social housing project in Hai Phong, commercially named Happy Home Tràng Cát, commenced construction in January 2024. The total area of the project is approximately 28.14 hectares, with synchronized infrastructure planning, including 27 apartment buildings ranging from 7 to 9 floors with 3,804 units, and low-rise areas with nearly 300 houses. The total expected investment is over 5.8 trillion VND.
Happy Home Tràng Cát is Vinhomes’ first social housing project in Hai Phong. Previously, Vingroup has invested in a series of projects within its ecosystem, such as Vinhomes Marina, Vinhomes Imperia, Vinmec International General Hospital, the Vinschool system, and Vincom Plaza shopping centers. Notably, in Cát Hải, Vingroup has invested in the construction of the VinFast automobile and electric motorcycle manufacturing complex.
– 8:46 PM, December 4, 2025
Exciting News for Social Housing Seekers
On December 4th, the Da Nang People’s Committee issued a decision to implement the project “Investment in the Construction of at Least 1 Million Social Housing Units for Low-Income Earners and Industrial Zone Workers for the Period 2021-2030,” as approved by the Prime Minister.
“Faking Poverty to Exploit Social Housing Benefits”
A series of fraudulent and non-transparent declarations have been uncovered by authorities in Hai Phong City, where individuals attempted to falsify their profiles to qualify for social housing purchases.
Vietnam’s Smallest Yet Wealthiest City Set to Unveil 388-Meter Skyscraper, Joining Elite Tower Club
Upon completion, this project will join the ranks of Vietnam’s tallest buildings.
Czech Republic’s Largest Real Estate Tycoon Plans €1 Billion Investment in Vietnam’s Third-Largest Megacity
CTP aspires to secure licensing and land leasing in Hai Phong to develop advanced industrial parks featuring Ready-Built Factories (RBF) and Ready-Built Warehouses (RBW).
Haiphong Allocates Over 8 Hectares of Prime Land to Winning Investor for Hai Duong Porcelain Factory Project
The People’s Committee of Hai Phong City has officially allocated land to Hai Duong Ceramic Real Estate Investment and Development JSC for the development of a residential project in the central area of Le Thanh Nghi Ward.
