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HCM City to sell all State-owned houses

Update: April, 12/2014 - 09:53

HCM CITY (VNS)  — The municipal People's Committee said it has completed the sale of State-owned houses in the city to meet the urgent demands of families and beneficiaries of social policies.

Statistics from the city showed that it had sold 93,600 State-owned houses till date, accounting for 98 per cent of the total.

In 2010, the city sold 92,500 similar houses with a total area of 5.1 million square metres for VND5.86 billion, or US$279 million. The money has been reinvested in housing projects.

The city has 102,000 State-owned houses. — VNS

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