|The condition of the Co Giang apartment building has been deteriorating, and it can collapse at any time. — Photo Vnexpress.net
HCM CITY (VNS) — The People's Committee of HCM City has approved a plan for the immediate relocation of 300 families living in the Co Giang apartment building in District 1's Co Giang Ward.
The city's construction department has been authorised to coordinate with the District 1 People's Committee to provide resettlement areas to the affected residents before June 30.
The Co Giang apartment building was built in 1968 and was home to 900 families.
According to competent agencies' inspections, the condition of the building has been deteriorating seriously and it is likely to collapse any moment, posing a risk to people's lives and property.
The city authorities have approved a project to build a shopping mall and a residential block at the Co Giang apartment building site, spanning more than 1.4ha, with 30 storeys and nearly 1,100 apartments since 2006. The total compensation package was estimated to be more than VND1.5 trillion (US$71.4 million). — VNS