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Hanoi unveils social housing aparments priced from USD 34,000

Two social housing projects in Hanoi's Thach That area will begin accepting applications in December, offering flats priced from around VND 880 million (USD 34,000).

According to the Hanoi Department of Construction, the Dong Truc-Thach That and Tan Xa-Thach That projects, both located in Ha Bang Commune, will accept applications for purchase, rental and rent-to-own arrangements from December 2 to 31.

Developed by Tien Dat Construction Co Ltd, the two projects will provide a combined 343 apartments for sale, rent and rent-to-own.

Hanoi unveils social housing aparments priced from USD 34,000 - 1
A road in Hanoi's Thach That area. (Photo: Nguyen Hai)

The Dong Truc-Thach That project occupies a site of more than 4,100 square metres and comprises an eight-storey apartment building with a rooftop structure and one basement level, providing 231 apartments.

Of these, 206 apartments will be offered for sale, ranging from 37.56 to 77 square metres, while 13 will be available for rent and 12 under rent-to-own arrangements.

The provisional average selling price is approximately VND 23.5 million per square metre, including value-added tax but excluding maintenance fees.

At this rate, the smallest apartment will cost around VND 883 million, while a 77-square-metre unit will be priced at approximately VND 1.81 billion.

Rental rates are set at around VND 100,800 per square metre per month, while rent-to-own rates are approximately VND 209,475 per square metre per month.

Rent-to-own contracts will run for five years, with applicants required to pay 50 per cent of the apartment's value upfront.

The Tan Xa-Thach That project, covering more than 2,000 square metres, will feature an eight-storey apartment building with a rooftop structure and 112 apartments.

Apartments for sale will range from approximately 55 to 69 square metres, with a provisional average price of VND 23.5 million per square metre.

Prices are expected to range from VND 1.3 billion to VND 1.6 billion per apartment, depending on size.

The developer plans to sign purchase contracts in January 2027 and hand over the apartments in the fourth quarter of 2027.

The Hanoi Department of Construction advised prospective buyers and tenants to follow official announcements and submit applications only at designated locations.

It also warned against using brokers or making unauthorised deposits and reservation payments.

Source: Dtinews
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