Sacomreal unveils social housing project

Mar 30th at 16:12
30-03-2015 16:12:55+07:00

Sacomreal unveils social housing project

Sacomreal launched on Sunday its Jamona Apartment social housing project in HCM City's District 7, which is eligible for support from the Government's VND30 trillion (US$1.42 billion) credit programme for low-income and certain other categories of people.

 

Lenders like OCB and Vietin Bank will offer a loan of 80 per cent rate of the apartment value for 15 years at 5 per cent interest.

It has two towers consisting of 1,290 units of 46-69sq.m, which cost a minimum of VND636 million ($30,285). It will have a 7,500sq.m swan-shaped lake.

It will have a mall, gymnasium, restaurants, clinics, and a kindergarten.

On the occasion, Sacomreal launched a fund to help disadvantaged people like orphans and poor patients to which it will donate VND1 million ($47.6) for every unit it sells in any of its projects.

bizhub



NEWS SAME CATEGORY

The first Sol resort to debut on Vietnam’s Phu Quoc Island

Spain’s Meliã Hotels International, one the largest hotel companies worldwide, and M.I.K Corporation- a leading real-estate investor and developer in Vietnam-...

Tackling bottlenecks to boost bailout package

The VND30 trillion ($1.4 billion) bailout package to support the real estate market has achieved little progress against the ambitious targets set at its launching.

Land rental increases leave businesses in cold sweat

Businesses are complaining that higher land rentals imposed by HCM City authorities will push them against the wall.

VinaCapital’s real estate fund continues divestment, sells 15% in Sai Gon Quy Nhon Tourism

VinaLand Ltd, a unit of Sun Wah Group-led investment fund VinaCapital, said Wednesday it was continuing the ongoing process of divesting from Vietnamese real estate...

Doors open for foreign homebuyers

Hoa Binh Group has become the first local developer to capitalise on the amended Residential Housing Law to sell apartments to foreigners.

Housing prices far above average incomes

Housing prices in Viet Nam are still too high in comparison with people's average income, said Tran Ngoc Quang, general secretary of the Viet Nam Real-Estate...

Japanese firms eye VN property sector

Japanese companies Hankyu Realty and Nishi-Nippon Railroad on March 24 signed agreements with the HCM City Stock Exchange-listed Nam Long Investment Company to...

VinGroup starts $33 million project in Hue

Real-estate developer, VinGroup, has started the construction of a trade centre complex and a five-star hotel in the central Hue city, with a total investment of...

Property firms hire more sales staff

Real-estate companies commenced recruitment from the beginning of this year to cope with the anticipated strong sales of property, along with expectations of a...

S.Korean firm to build HCM City urban complex

HCM City People's Committee Chairman Le Hoang Quan has asked relevant agencies to establish a working group responsible for the implementation of an urban project...

Real estate stocks

Construction stocks


MOST READ


Back To Top