HCMC puts 14 social housing projects into operation

Ho Chi Minh City has built and put into use 14 social housing projects including 10,255 apartments in the area of 15.8 hectare from 2016 to June, 2019.
HCMC puts 14 social housing projects into operation
The city tried to complete six left projects including 3,810 apartments in the last six months of the year and another three projects with 3,879 apartments in the next year.
Reported about the use of land for building social houses, the municipal Department of Construction said that 20 percent of the land fund of new estates or apartment complexes having the total area of over 10 hectares must be set aside for social use but some investors have been sluggish in compensation, site clearance and infrastructure construction; therefore, social houses have not been built according to the plan.
For commercial projects in the land of below 10 hectares, most of investors paid an amount equal to 20 percent of the land use fee.
To develop social houses to meet increased demand, the Department petitioned to use public land according to the government’s Decree 167/2017.
Regarding capital, the city proposed to use land use fee paid by commercial housing investors and new urban area investors to build social housing projects to meet demand of these people in the social welfare bracket.
Simultaneously, the city authorities will re-consider the city budget to compensate investors who build social houses according to the Housing Law and the Social Police Bank’s decision.
Moreover, bidding will be conducted to select investors of social housing projects in the public lands and reforms in administrative procedures for social housing construction must be accelerated.

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