Dong Nai province needed around 3 million square metres of housing spaces per year to meet the residential demand by 2020.
Dong Nai province needed around 3 million square metres of housing spaces per year to meet the residential demand by 2020.
According to Deputy Director of the provincial Department of Construction Nguyen Thanh Lam, the demand of capital for housing development was estimated at VND31.45 trillion (US$1.5 billion).
Currently, about 324,000 residents were in need of buying or renting houses. The figure would be increased to 650,000 by 2015 and 784,000 by 2020.
Three commercial projects in the provinces were proposed to be converted into houses for low-income earners with a total of 1,600 apartments, to date.
The province also had 72 housing projects for workers with a total area of 650ha. However, incentives of loans and taxes should be provided to investors of worker housing projects to encourage them, he said.
(Source: VNS)
