The move is aimed to raise the city’s housing area per capita to 23.5 square metres by 2025.
HCM City has planned to allocate 173.5 hectares of land to carry out housing projects for low-income earners in the 2021-2025 period
During the 2021-2025 phase, the city will call investments for 18 projects to provide a total of around 17,900 apartments for workers. Of the sum, eight projects with 9,600 apartments will be located in the five outlying districts of Binh Chanh, Hoc Mon, Nha Be, Cu Chi and Can Gio.
The city is expected to need around VND566.98 trillion (USD24.65 billion) on housing projects between 2021 and 2025, including VND37,69 trillion for low-income housing projects.
Of the VND37.69-trillion investment for housing projects for low-income people, the state will fund VND1.17 trillion, equal to five percent of the total.
Next year, HCM City will use 52.1 hectares of land for housing projects for low-income people with a total investment of VND698 billion.