The Ho Chi Minh City People's Council has passed a resolution approving a list of 28 out of 30 proposed land plots for pilot housing projects across the city, covering a total area of over 750,613 sq.m.
These 28 new plots will bring the total number of sites included in the pilot program to 182, with a combined area of nearly 14.2 million sq.m. This is a significant step toward meeting the city’s growing housing demand while creating favorable conditions for real estate enterprises to implement their projects.
The new land plots are distributed throughout the city, with a primary concentration in the Southern and Eastern regions.
The implementation of these projects must strictly adhere to the principles of openness and transparency while ensuring project timelines are met. This is particularly crucial as the city faces various challenges regarding land funds and housing needs.
Looking ahead, the city plans to continue reviewing and adding eligible land plots to the pilot list. This initiative is expected to not only increase the housing supply but also provide a stronger legal framework for businesses to launch projects, ultimately contributing to the city's socio-economic development.
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