Da Nang invests more than 1,225 billion VND in social housing project

The social housing project at land lot A2-4, Ngu Hanh Son street, Da Nang has about 831 social housing units, with a total estimated investment capital of 1,225 billion VND.

The People's Committee of Da Nang City has just approved the investment policy for the Social Housing Project at land plot A2-4 Ngu Hanh Son Street and the road leading to Tuyen Son Bridge with a total estimated cost of 1,225 billion VND.

The project has a construction land area of about 7,060.4 m2, construction area of about 2,800 m2, residential floor area of about 41,561 m2, maximum of 31 floors.

The number of social housing units is about 831; designed and built in a closed system, complying with national technical regulations, in accordance with applicable standards as prescribed by law; the minimum usable area of each apartment is 25 m2, the maximum is 70 m2; the maximum usable area of each apartment can be adjusted to increase, but the increase is not more than 10% compared to the maximum usable area of 70 m2 and ensuring that the proportion of apartments in the project with an usable area of over 70 m2 does not exceed 10% of the total number of social housing apartments in the project.

The project's operating period is 50 years, calculated from the date the investor is decided to allocate land, decide to lease land to implement the project.

Progress of capital contribution and capital mobilization within 3 years from the date the investor is decided to allocate land, decide to lease land to implement the project.

Basic construction progress and putting the project into operation or exploitation within 3 years from the date the investor is decided to allocate land, decide to lease land to implement the project.

Incentives, investment support and applicable conditions are implemented according to current tax laws and Clause 2, Article 85 of the 2023 Housing Law.

Source: https://baodautu.vn/da-nang-dau-tu-du-an-nha-o-xa-hoi-hon-1225-ty-dong-d314442.html