HCM City to build 1 million units of affordable housing for low-income workers

Oct 19th at 08:57
19-10-2021 08:57:25+07:00

HCM City to build 1 million units of affordable housing for low-income workers

The chairman of the HCM City People’s Committee, Phan Van Mai, said the city plans to build one million units of affordable housing for low-income workers.

 

The Department of Construction is working with the Department of Natural Resources and Environment to review statistics of the State's social housing land fund and has reported back to the City People’s Committee.

The fourth wave of COVID-19 clearly exposed the reality that workers live in large numbers in very small areas. This has had a great impact on the emotional life of the workers.

The city's leaders have recognised the urgent need to build social housing suited to the income of migrant workers.

"Migrant workers play a very important role in the economic and social development of the city, but the city currently does not take care of their lives well enough. In the coming time, the city will have better support policies and benefits for workers," Mai said.

The city has implemented many projects to build social housing for workers in Linh Trung I, Linh Trung II, and Tan Thuan export processing zones, Tan Tao Industrial Park, and in new industrial zones.

According to data from the Department of Construction, from the end of 2019 until now, the city has implemented 15 housing projects for workers, equivalent to an area of 47ha.

However, this number is still too small compared to the housing needs of millions of migrant workers in the city.

The biggest difficulty in building social housing for workers is the lack of capital and land. 

bizhub



NEWS SAME CATEGORY

Central HCMC real estate remains alluring

Real estate products, located in the financial and economic centers of big cities, own unique advantages and intangible values that generate long-lasting appeal.

Masterise Homes among 10 excellent national brands

Masterise Homes was named among Vietnam's Top 10 Excellent brands 2021, organized by Vietnam Economic Magazine, in its first year of participation.

Ideal time to invest in HCM City’s satellite urban areas

Real estate investors emphasise that it is now the ideal time to choose which segment to invest in to catch the new wave coming in the market. Real estate products...

“Green channel” - a key to speed up Vietnam's real estate revival

Experts remain optimistic about the future prospect once the pandemic is fully contained in Vietnam.

Real estate recovery depends on public investment

Market experts believe that there are signs that the real estate market is recovering gradually, after being dormant for a long time, and will further be pushed by...

HCMC to build million low-cost homes for workers

HCMC plans to build a million low-cost homes for workers and other poor residents, replacing old apartments and dilapidated neighborhoods.

Hanoi condo prices to rise 5-7 pct per year: CBRE

Primary prices of condominium units in Hanoi will increase 5-7 percent annually for the next three years, according to real estate consultancy CBRE Vietnam.

Novaland receives best real estate developer award

Vietnamese property giant Novaland Group was voted the best real estate developer, and innovative and sustainable project developer by Euromoney.

The 9 Stellars investment opportunity in downtown Thu Duc

A residential-commercial complex being developed in the heart of newly formed Thu Duc City in HCMC offers a modern lifestyle of great convenience and comfort.

Ha Noi property market has lower transactions in Q3 due to COVID-19

The Ha Noi apartment market saw a decrease in the number of transactions in the third quarter of this year due to a citywide two-month lockdown during the fourth...

Real estate stocks

Construction stocks


MOST READ


Back To Top