The Hanoi Department of Construction has published a list of seven housing projects eligible for sale in the future, in line with the Law of Real Estate Business.
The projects are located in Dong Da, Thanh Xuan, Nam Tu Liem, Long Bien, and Thuong Tin districts.
Hanoi targets completing the construction of 21,100 houses totaling 4.11 million sq m of housing area in 2023. The average floor area is expected to reach 28 sq m per person by the end of the year.
During the 2021-2030 period, housing demand among local citizens is predicted to hit 89 million sq m. To meet demand, an estimated VND880 trillion ($37.5 billion) in investment is needed.
The department said it will ask investors in housing projects to accelerate construction to fulfill targets.
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