Work on pilot low-cost housing project starts
Work on pilot low-cost housing project starts
Work on a pilot affordable housing project kicked off on Saturday in the central province of Ha Tinh’s Thach Linh District.
Deputy Prime Minister Vuong Dinh Hue attended the ground-breaking ceremony.
Financed by Ha Tinh Development Investment Fund, the project has investment capital of VND356 billion (US$15.6 million) in the first phase. It is slated for completion in the fourth quarter of 2018.
Covering a total area of 3.97ha, the project will comprise approximately 1,000 low-cost apartments, a 7,000sq.m commercial area and an amusement park.
In his speech at the event, Ha Tinh Province People’s Committee vice chairman Dang Quoc Vinh asked the project’s investor to mobilise sufficient investment capital in order to implement the project as scheduled.
In its strategy for housing development, Viet Nam aims to build some 12.5 million sq.m in floor space for affordable houses in urban areas by 2020.
