Topic: houses

Central city targets 9.8 million sq m of housing in 2021-2025.

Foreigners bought some 16,000 houses from 2015 to 2020.

Total investment capital for social housing in the period is estimated at $521 million.

Project consists of three buildings with 480 apartments, accommodating between 1,450 and 1,900 people.

According to Ho Chi Minh City People’s Committee Chairman Phan Van Mai, the city believes that houses and land that are suitable should be auctioned to generate revenue. The city’s Department of Natural Resources and Environment and Department of Construction are working together on a review of houses and land to be auctioned.

Ho Chi Minh City plans to build 367,000 more houses by 2025, totaling 50 million sq m. The average housing area in the city will increase to 23.5 sq m per person by 2025 and 26.5 sq m by 2030. According to calculations by the city’s Department of Construction, about VND1.52 quadrillion ($65.62 billion) is needed to implement projects within the city’s housing development strategy in the 2021-2030 period.