|The Sun Group has launched its first social housing project, the Sun Home, with total investment of VND150 billion (US$7.1 million).— File Photo
DA NANG (VNS)— The Sun Group has launched its first social housing project, the Sun Home, with total investment of VND150 billion (US$7.1 million).
Funding also included VND102 billion ($4.94 million) from the Government's VND30 trillion ($1.5 billion) preferential credit package to low income buyers in the central city.
The project will offer sale prices from VND6.5 million to VND7 million per square metre for apartments with areas between 30 and 62 sq.m from 2013-14.
The 450-apartment project, which was built in an area of 7,000sq.m in Son Tra District, will provide 450 apartments for local residents.
Last year, the city and ministry of construction agreed to a housing programme for the 2013-17 period, providing 1.4 million sq.m of apartments for workers, students and low-income consumers in the city. The city still has over 15,000 people, of which 7,000 are from poor households, who need to purchase social houses at priority prices. — VNS