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VietNamNews

CEO Group to build social housing

Update: August, 04/2014 - 08:20

Bamboo Garden social houses locates in the rural west of Ha Noi — VNS Photo

HA NOI (VNS) — The municipal People's Committee has approved the CEO Group's proposal to change Sunny Garden Urban Area in Quoc Oai District from a commercial housing project to a social housing purpose.

The VND242 billion ($11.5 million) project would include two nine-storey buildings of 432 apartments with areas of 48 to 66 sq.m. The selling price is expected to be VND10 million per sq.m.

Home buyers could borrow up to 80 per cent of their apartment value from the Bank for Investment and Development of Viet Nam.

The project is scheduled to become operational by the end of 2016. — VNS



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