According to the plan developed by the Binh Duong Provincial People's Committee, some 46,377 social housing units will be built between 2021-2025 and 40,500 others built between 2026-2030. In 2023 alone, 18,000 social housing units will be built in the province.
Binh Duong is home to many industrial zones and has attracted many migrant workers who have a big need for housing, so local authorities have called on investors to build more social housing projects in the area.
Provincial People's Committee Chairman of the Vo Van Minh said that they had asked the local construction department to arrange land for social housing projects and create favourable conditions for investors in these projects.
"We're working with investors to carry out the projects on 100 hectares of land," he said.
Becamex IDC is a leading social housing developer in the province having built 65,000 apartments in various localities including Di An, Thuan An, Thu Dau Mot cities, Ben Cat Town, and Bau Bang District over the past 10 years.
The company is planning to build more than 118,000 units in the coming time.
Kim Oanh Real Estate Company is also developing many housing projects targeting low-income people in Binh Duong and Dong Nai with a total of 40,000 apartments.
