Amid high apartment prices, a series of low-cost housing projects are being launched.

(Dan Tri Newspaper) - Recently, many social housing projects in Hanoi have been announced as eligible to sell apartments for rent after 5 years.

The Hanoi Department of Construction has just announced information about a series of social housing projects in the city. Specifically, the Phu Lam Social Housing Project (Phu Lam Ward, Ha Dong District), invested by Hai Phat Investment Joint Stock Company, is eligible to accept applications for social housing after a 5-year rental period.

The application period for purchasing apartments at the Phu Lam Social Housing Project runs from January 20th to March 10th. The project comprises 5 buildings, each 18 stories high, with a basement level, totaling 1,902 apartments. 408 social housing units, ranging in size from 48-69m2, are available for sale. The selling price, excluding 5% value-added tax and 2% maintenance fee, is over 13.6 million VND/m2.

Next is the CT2A high-rise apartment project in the Thach Ban Housing Area (Thach Ban ward, Long Bien district), invested by the General Corporation for Investment and Development of Housing and Urban Areas under the Ministry of National Defense, with a total of 414 apartments.

The Department of Construction announced that the project is permitted to accept applications for social housing after a 5-year lease period. The number of social housing units offered for sale (after a 5-year lease period) in this phase is 82 apartments with areas ranging from 69.03 to 69.94 m2, at a provisional selling price (including 5% VAT, excluding 2% maintenance fees) of 12.3 million VND/m2.

Another social housing project that is also eligible for sale and is expected to accept applications for purchase in the fourth quarter of this year is the Ha Dinh social housing project, built on plot NO1 in the Ha Dinh new urban area (Tan Trieu commune, Thanh Tri district).

A social housing complex in Hanoi (Illustrative photo: Tran Khang).

The project is invested by a consortium of Urban Infrastructure Development Investment Company (UDIC), Hanoi Water and Electricity Installation and Construction Joint Stock Company (Haweicco), and DAC Hanoi Housing Business and Development Joint Stock Company. The project comprises 440 apartments, including 365 social housing units and 75 commercial housing units. Of the 365 social housing units, 255 are for sale, 37 are for lease-purchase, and 73 are for rent.

According to the Department of Construction, the provisional selling price of apartments in this project is 25 million VND/m2; the rental price for social housing is approximately 150,000 VND/m2/month; and the lease-to-own price is 390,000 VND/m2/month. The investor will announce the official price after it has been appraised by the management agency as per regulations.

Previously, at the end of 2024, the 319th Corporation of the Ministry of National Defense commenced the construction of the social housing project in Uy No commune, Dong Anh district (Hanoi), with a total investment of over 630 billion VND. The project is being built on a 15,286m2 plot of land, comprising 4 nine-story buildings and one basement level; with a total of 466 apartments (ranging from 40m2 to 76.7m2), and is expected to be completed in the fourth quarter of 2026.

Recently, the Hanoi People's Committee issued a decision approving the updated list of housing and urban development projects in the city's housing development plan for the 2021-2025 period, which includes 8 social housing projects with a total floor area of ​​over 255,700 m2 (more than 1,580 apartments).

According to the 2024 real estate market report, the Ministry of Construction stated that apartment prices in several major cities continued to rise last year. In Hanoi, apartment prices increased by 40-50% compared to 2023, with some projects experiencing even higher increases.

Source: https://dantri.com.vn/bat-dong-san/giua-luc-gia-chung-cu-neo-cao-loat-du-an-nha-o-gia-re-bung-hang-20250203160022453.htm