The city's Construction Department targets developing 8.4 million sq.m. of housing by the end of the year, according to Nguyen Van Danh, deputy director of the department.
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| Houses for workers in Tan Binh Industrial Park, HCM City. The city opened 13 housing projects providing over 4,100 apartments in the first nine months of this year. — VNA/VNS |
On October 10, the HCM City People's Committee met to discuss housing issues with the Central Steering Committee on Real Estate Market and Housing Policy as well as construction departments in other provinces and cities.
Over the last nine months, HCM City has built more than 6 million sq.m of workers' houses, dormitories, social houses and resettlement houses. It has increased the per capita housing area to 15.1 sq.m.
Le Hoang Quan, chairman of HCM City People's Committee, asked the Central Steering Committee to act as an advisor for the city on housing development strategies.
He said that the city in the next five years should focus on satisfying the need for social and resettlement houses, as well as houses for people living near canals or residing in unsafe housing.
The steering committee said over the last nine months, the city had put 13 housing projects into use, providing 4,135 apartments.
Of that amount, the low-priced housing segment accounted for the largest proportion, 37.17 per cent, equivalent to 1,537 apartments.
Luxury and medium-cost houses accounted for 32.9 per cent (1,363 apartments) and 29.86 per cent (1,235 apartments), respectively.
In the second quarter, the number of inquiries and successful transactions had fallen by 30 per cent compared to the first quarter. They continued to decrease in the third quarter due to the public sentiment that prices would sharply fall in the near future.
Moreover, businesses are making long-term instead of short-term investments as they had been doing previously.
(Source: VNS)
