Work starts on flats for low-income earners

Jul 30th at 13:10
30-07-2012 13:10:39+07:00

Work starts on flats for low-income earners

The Viglacera Corporation turned the first sod yesterday on construction of apartment buildings for low-income earners in Dang Xa New Urban Area in Ha Noi's Gia Lam District.

The project, with an estimated investment of VND700 billion (US$33.3 million), will provide 1,500 apartments, each with an area of 30-50sq m worth VND300-500 million ($14,200-23,800).

The construction is expected to be completed in next year's second quarter.

In addition, investors planned to build schools, a kindergarten, supermarkets and other infrastructure facilities in the new urban area.

vietnamnews



NEWS SAME CATEGORY

Lang Co ready to charm more buyers

There are more foreigners especially from Hong Kong and Singapore rushing to Vietnam with the aim to own a second-home. Nguyen Ngoc Thuyen Project manager of Laguna...

Time to buy apartments: experts say

Today's domestic real estate market was affording buyers a good opportunity to buy offering housing, according to experts.

Real-estate floors must report trading details

The Ministry of Construction has issued a document instructing real estate trading floors to submit reports on the property transactions of both individuals and...

Dong Nai property bucks the trend

Dong Nai property market is a bright spot amid gloomy southern realty market picture.

DTZ Research: HCM City property market to soften through 2012

Demand for office space has remained largely stable over Q1 and Q2, but pipeline supply and slower economy forecast to depress rents.

More condominiums rolled out for public

The Golden Land complex in Hanoi last week started the sale of the last 60 units in Block B.

Mekong Delta industrial parks lie idle

Vast areas in industrial parks built in the Cuu Long (Mekong) Delta remain unutilised for years even as thousands of farmers remain landless after their lands are...

Bogus financial centers in abundance in Hanoi

Once described as the financial centers in Hanoi, which would turn Hanoi into a financial center of the country, but the big real estate projects have fallen into...

Property shows signs of thawing

Stephen Wyatt, country manager of Knight Frank Vietnam, tells Bich Ngoc his real estate market assessment and expectations for 2012′s first six months.

Land clearance problems delay elevated rail project

The Ha Noi elevated railway project has been delayed due to difficulties in land clearance, project management board director Tran Van Luc told a meeting of the Ha...

Real estate stocks

Construction stocks


MOST READ


Back To Top