Ecogarden project, after completion, will provide the market with about 1,084 social housing apartments.

Huge demand

Present at the ceremony to draw lots for apartments in the NOXH XH2 block (Thuy Van ward, Thuan Hoa district), Ms. PTH (65 years old, living on Ba Trieu street, Phu Hoi ward, Thuan Hoa district) was nervous. Her family had saved up for many years to have enough money to buy a NOXH XH2 apartment in the NOXH XH2 high-rise apartment complex with an area of ​​72 square meters, worth 1.180 billion VND. "I don't know if this draw will win any apartments because there are too many customers and there are not enough apartments this time, many households bought the same apartments so we had to draw lots. If this draw doesn't win, we have to wait for the next one. The State should have more incentives so that low-income households, single people... can have decent houses to live in," Ms. PTH worried.

Recently, Cotana Capital Real Estate Investment and Development Joint Stock Company - representative of the joint venture investor of Thuy Van Complex Phase 2, Area B - An Van Duong New Urban Area organized a drawing ceremony for apartment locations in the NOXH XH2 block of the NOXH high-rise apartment complex OXH1 of this project. Accordingly, 104 customers participated in the drawing to buy 18 NOXH apartments. These are customers who are entitled to support policies on NOXH according to the provisions of the Housing Law, meet the conditions and have submitted complete registration documents to buy NOXH to the investor according to regulations. The drawing to buy NOXH is carried out when the number of people wanting to buy is higher than the number of NOXH for sale. That shows that the current demand for NOXH in the area is very large but the supply is still limited.

Mr. Le Van Thanh, Deputy General Director of Cotana Capital Real Estate Investment and Development Joint Stock Company, said: The demand for social housing is currently very high, due to price incentives, meeting the needs of low-income people and workers in industrial parks who do not have housing. The company is currently completing the Ecogarden project with a scale of about 44.65 hectares, of which the land area reserved for social housing construction is about 3.5 hectares, planned to be built in two areas OXH1 (area of ​​about 1.5 hectares) and OXH2 (area of ​​about 2 hectares), after completion, it will provide the market with about 1,084 social housing apartments.

Up to now, the enterprise has completed about 364 apartments in the OXH1 area, and continues to build the next buildings in this area. It is expected that in 2026, 210 apartments in the XH1 building will be completed, and in 2027, 149 apartments in the XH4 building of the OXH1 high-rise apartment building will be completed. The OXH2 social housing area is also being completed by the enterprise in preparation for investment and construction and will have a plan for implementation in the near future.

Despite many support policies, people still have difficulty accessing social housing, due to limited supply as most of the land for construction in central areas is no longer available, so social housing is often planned in the suburbs, far from the center; standards for buying social housing are still strict, the application review process is complicated, especially income verification has many shortcomings. Access to loans is also very difficult, because of high interest rates and short loan terms, while people's income is low. For businesses, there are also many shortcomings when selling prices and profits are controlled too low while costs for land, construction, interest rates, etc. continuously increase.

There will be more offers

Mr. Le Van Thanh shared: As investors, enterprises hope that the State will continue to research to introduce more preferential policies for people and enterprises in the process of accessing and investing in the social housing segment. Accordingly, investors recommend that central ministries and agencies, and the city government continue to have more preferential policies for businesses and people to access social housing in the coming time. In particular, there should be further improvements and innovations in the stages of reviewing legal documents for social housing investment, and registration documents of home buyers who meet the prescribed conditions will be faster so that social housing investment can be implemented more smoothly.

Mr. Hoang Tien Minh, Deputy Director of the Department of Construction, informed: The State Bank of the city has closely coordinated with the Department of Construction to participate in meetings of the State Bank of Vietnam and the City People's Committee on the implementation of social housing development in the area according to the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021 - 2030"; promptly providing information when social housing is announced; proposing amendments to suit the actual implementation. In 2024, the State Bank of the city and the Department of Construction also coordinated to organize a working session between banks and enterprises that are investors participating in the construction of social housing projects in the area to increase access to capital, promptly remove difficulties and obstacles related to lending for the construction of social housing projects.

To implement the Project "Investing in the construction of at least 1 million social housing apartments for low-income people and industrial park workers in the period of 2021 - 2030" according to the Government 's decision, the Provincial People's Committee (now the City People's Committee) has issued a social housing development plan, with the goal of striving to have a total of about 7,700 completed apartments by 2030. Of which, about 3,100 apartments will be completed in the period of 2021 - 2025 and about 4,600 apartments will be completed in the period of 2025 - 2030. In 2025 alone, 1,200 apartments will be invested in construction.

The City People's Council has just issued a draft Resolution on Regulations on the mechanism for supporting the implementation of social housing investment projects in the area. Accordingly, for social housing projects within the land fund for independent social housing development, the city will support 30% of the investment cost for building technical infrastructure systems, not exceeding 5 billion VND/project. In addition to support for technical infrastructure construction, the city will support 100% of the fee collection level according to the law, along with 100% exemption for the fee collection level for granting construction permits.

According to the Department of Construction, to date, the City People's Committee has approved investment in 9 social housing projects, some of which have been and are under construction. Specifically, 4 independent social housing projects have been approved for investment in the 2010-2014 period. To date, the projects have been basically sold and handed over for use with a total of 1,764/1,773 apartments (only commercial apartments of the investor remain); 2 independent social housing projects have been approved for investment in the 2020-2021 period. To date, 1 project has been terminated by the investor, and the remaining 1 project has started construction with a total land area of ​​3.18 hectares, a total of 720 apartments, and a total floor area of ​​65,210 m2. There are 5 social housing projects using 20% ​​land fund in commercial projects and urban areas with a total land area of ​​about 12,282 hectares, only 1 project is under construction, the remaining projects are in the investment preparation stage and land allocation procedures.

Article and photos: HA NGUYEN

Source: https://huengaynay.vn/kinh-te/xay-dung-giao-thong/nhieu-uu-dai-cho-cac-du-an-nha-o-xa-hoi-153830.html