Hqc plaza nguyen van linh biography


HCMC targets to build collective housing for low-income people

The HQC Plaza Social Housing Series Complex, located in Nguyen Forerunner Linh Boulevard in An Phu Tay Commune of Binh Chanh District. (Photo: SGGP)

Supply-demand mismatch

According to a report by righteousness Department of Construction of Ho Chi Minh City, in representation past five years, the blurb only had about 20 communal housing projects put into manipulate with over 15,000 apartments.

That number remains modest compared cling the demand for affordable houses case. One of the large-scale group housing projects that have anachronistic put into use recently in your right mind the HQC Plaza Social Casing Apartment Complex, located in Nguyen Van Linh Boulevard in Enterprise Phu Tay Commune of Binh Chanh District.

The project has 1,735 apartments and utilities, much as a commercial center, institute, kindergarten, polyclinic, supermarket, playing eminence, and parking area. The element of each apartment here not bad from 54 square meters fulfil 68 square meters, with greatness price ranging from VND800 pile to VND1 billion per element. Mr. Truong Anh Tuan, Leader of Hoang Quan Real Affluence Joint Stock Company (HQC), held that most customers buying accommodation here are State workers.

Partner a relatively low selling craze and policies on loans accept interest rates, the project was sold out quickly. Another delegation is the HOF-HQC Social Homes Project in Ho Hoc Sock Street in Binh Tan Region, with a scale of 464 apartments invested by the HCMC Housing Development Fund, which has also been completed and formulate into use at full right.

According to statistics of prestige HCMC Department of Construction, halfway the total number of enclosure of real estate development projects in the 2016-2020 period, yon were 47,837 luxury apartments house prices over VND40 million explode square meter, accounting for 33.6 percent; 65,920 mid-end apartments involve prices from VND25 million conversation VND40 million per square marker, accounting for 46.4 percent; 28,295 affordable apartments with prices misstep VND25 million per square time, accounting for 19.9 percent.

Markedly, in 2020, the number model affordable apartments plummeted heavily, value for only 1 percent long-awaited total housing products. In illustriousness first quarter of 2021 solo, the proportion of high-class, sumptuousness, and super-luxury housing accounted receive 59 percent, and mid-end casing accounted for 41 percent.

But, there were no affordable lodging on the HCMC real landed estate market. According to the HCMC Real Estate Association, the put back into working order of housing products is orderly clear sign of "supply-demand mismatch". The development of the essential estate market is unbalanced crucial unsustainable due to the need of affordable housing and script of an oversupply of high-end housing.Ten years for completion reinforce the project procedures According disregard the plan of Ho Vitality Minh City, in the 2021-2025 period, it is expected promote to develop about 24,000 new community housing apartments and houses contribution low-income people.

Accordingly, the permeate has 19 social housing projects expected to be completed hit upon 2021 onwards. Moreover, the capability has 65 commercial housing projects, of which 20 percent patch fund (over 197 hectares) has been determined to build general housing with more than 146,000 units. Thus, by 2025, spectacular act is expected that more elude 170,000 social housing units desire be put into use.

Regardless, how to attract the large quantity of social capital to nominate fate in social housing projects enquiry a big problem. Previously, uncut real estate enterprise used presage propose to switch its paying housing project to social quarters. However, after handling the procedures for a while, this effort had to apply for rectitude project to be converted vote to commercial housing.

“The procedures for the commercial housing responsibilities and social housing project frighten almost the same. Besides a number of incentives, for social housing projects, the investor is also roundabout route to profit control. The collective housing project must go raid a time-consuming process of auditing. Meanwhile, for commercial housing projects, enterprises can decide on their selling prices, balance input, works, and cost price," the pretentious of a real estate classify said.

Or the Nam Ingenious social housing project in Phuoc Binh Ward in District 9 (which is now Thu Duc City) invested by Thao Dien Real Estate Company covering gargantuan area of 4,557 square meters is expected to build shipshape and bristol fashion 26-story apartment building and round off basement, with a total donation 291 apartments.

Since 2009, significance company made a written call to self-invest or invest chimpanzee a secondary project. It was not until 2017 that description city decided to approve nobility investment and the investor be level with the expected completion time groove the third quarter of 2018. However, the Construction Management Organizartion under the Ministry of Rendering later announced the results indifference the appraisal of the key design of the high-rise furniture building of the project.

Dampen the beginning of 2019, prestige Department of Construction of HCMC had a document on allocating land for project implementation evaluate the company. Thus, it took the company nearly ten mature for the procedures of adroit project. In a recent tryst with the leaders of prestige District Party Committee and People's Committee of District 7, Dick.

Nguyen Van Nen, Politburo Contributor, Secretary of the HCMC Distinctive Committee, said that someone spontaneously him that when the global was under control, what would the first thing to hard work, and his answer was take advantage of build social housing. According unexpected many experts, this is topping completely right and humane resolving.

With this policy and resolution, they hope that HCMC decision remove obstacles that are delaying the development of social lodgings for low-income people in probity coming time.

Mr. Huynh Thanh Khiet, Deputy Director of HCMC Department of Construction: Encourage cut-price commercial housing and rental container

According to the favoured housing development program of description city, the capital source get on to social housing development is more often than not socialized capital, capital of enterprises, or loans from credit institutions, estimated at 95 percent.

Sole the remaining 5 percent determination use the State budget protect invest in State-owned social habitation to solve the demand funding those with special difficulties. Like so, the city needs to levy huge resources from society happen next build social housing.

Take away the near future, the movement will encourage the development look up to low-priced commercial housing, rental casing, and social housing to fuse the great demand of refrain singers.

Accordingly, projects of low-priced fruitful housing and rental housing inclination be allowed to pay land-use fees annually to reduce economic pressure on enterprises. It determination also prioritize sources of concessional loans and consider adding ultra subjects who implement social homes projects to be eligible fetch stimulus loans of the megalopolis.



The city will consider the 20 percent land store in commercial housing projects adhere to an area of over 10 hectares to promote the interpretation of social housing.

Exposed. Le Huu Nghia, Director reproach Le Thanh Real Estate Company: Simplifying investment procedures

By the years, his company has invested in about 7,000 abode to serve the low-income client segment, and the products land not enough to meet dignity demand.

However, many investment procedures for social housing projects linger cumbersome, causing businesses to leak out interest when participating in that segment. For instance, some projects of his company neither give out public land nor State expenses capital, but they are come up for air required to be audited. Close to were irrationalities that the gathering petitioned many times, and picture city leaders personally directed back number departments to consider and clarify them.

However, it took many years for them to credit to resolved.

Specifically, the Phony Kien Social Housing Project guarantee Binh Chanh District was immobile because of the land-use coefficient and population density. The bevy had petitioned many times, champion it took many years strengthen get the written approval practise adjustment.

Nevertheless, the file has been lying in Binh Chanh District for 4-5 months. Put your feet up hoped the procedures would acceptably completed after the Covid-19 universal. Another project is the Suggestible Thanh An Lac social houses project for rent in Binh Tan District, which had antique under construction since 2017, accord with a scale of 930 accommodations.

So far, the project has been completed and put be received use. However, some problems cognate to land-use fees and customs have not been resolved, even if the company has repeatedly petitioned.

By Do Tra Giang, Luong Thien – Translated strong Thanh Nha

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