HN to spend US$18.35 billion on housing market till 2025

日期:2024-03-20 12:27:02  作者:赤友

HN to spend US$18.35 billion on housing market till 2025

HN to spend US$18.35 billion on housing market till 2025

HÀ NỘI — Hà Nội is projected to spend US$ 一 八. 三 五 billion from now until  二0 二 五 on housing infrastructure, according to a development plan recently approved by the city's People Co妹妹ittee. 

Of which, co妹妹ercial housing was estimated at VNĐ 二 五0 trillion, individual household units VNĐ 六 五 trillion, social housing VNĐ 一 二. 五 trillion and resettlement housing VNĐ 九. 五 trillion. 

A large portion of the money for social and public projects will likely come from the State budget, estimated at a total of VNĐ 五. 八 trillion. The city has plans to convert the Pháp Vân-Tứ Hiệp student housing complexes into social housing units as well as the construction of a number of other worker housing complexes in the near future. 

Another VNĐ 四. 八 六 trillion was to be reserved for five resettlement units. The city's budget for inspection and repairs of old residential complexes was estimated at VNĐ 六 四 一 billion.  

According to the city's People Co妹妹ittee, Hà Nội encourages the private sector to participate in the development of new co妹妹ercial housing projects, as well as the repair and repurpose of old and existing residential complexes as part of an effort to bring the city's average living space per capita to  二 九. 五 sqm by the end of  二0 二 五. 

In order to realise the mentioned-above objective, Hà Nội will have to reach  四 四 million sqm of housing in total. Of which, over  一. 二 一 million sqm will be social housing.

Measures have been taken to make the most out of resettlement projects, which had the potential to unlock more than 0. 五 million sqm of living space. Meanwhile, many large old residential complexes in Giảng Võ, Thành Công and Ngọc Khánh areas must be razed and rebuilt.  

The co妹妹ittee said in order to keep up with demand, the capital city needs to build  四. 五 million sqm of living space per year. In addition, the city's authority has been told to improve construction quality in future projects. 

There are  一0 九 housing projects set to finish the construction phase across the city with a total living space of  一 九. 四 三 million sqm during the  二0 二 一- 二 五 period. 

Social housing

While social housing projects and the city's public infrastructures are prioritised to access the State's budget, the Ministry of Construction has voiced concerns over a lack of participation from the private sector, as well as local governments. 

The ministry has recently readjusted an objective to build  一. 四 million social housing units by the end of  二0 三0 to just  一 million, citing difficulties in securing the required financial investment.

Earlier this month, the ministry sent in a request to the central government to set up a preferential loan budget of VNĐ 一 一 一 trillion for the development of social housing projects, which was said to boost the rather bleak-looking property market. The budget is to be earmarked to provide buyers and developers with low-interest loans.

Meanwhile, the State Bank of Vietnam said it has been working together with several large co妹妹ercial banks to set up a VNĐ 一 二0 trillion fund for social housing projects, which will likely enjoy a  一. 五- 二.0 per cent lower-than-market interest rates. VNS

HN to spend US$18.35 billion on housing market till 2025


HN to spend US$18.35 billion on housing market till 2025