Foreign firms inject money into social housing projects in Vietnam
VOV.VN - Several foreign enterprises have recently poured investment capital into social housing projects in Vietnam, according to insiders.
Specifically, TT Capital Investment JSC, and Japanese partners such as Cosmos Initia and Koterasu, unveiled an investment of approximately US$150 million into projects over the next five years to launch thousands of low-cost apartments to the market each year.
Most notably, the first social housing project TT AVIO in Di An City of southern Binh Duong province has a total of 2,000 apartments, with selling prices of less than VND2 billion each. The project is expected to launch in the market over the next few months.
Previously, Kim Oanh Group also unveiled its partnership with Singapore’s Surbana Jurong Group to build 40,000 social housing units ahead in the upcoming period. The total land fund for building social housing is 107 hectares, with a total investment of roughly VND31,000 billion.
Furthermore, Nishi Nippon Railroad Group also invested in Nam Long Group for the Ehome Southgate project to add 1,400 apartments in the Mekong Delta province of Long An to the market. The selling price for a 50m2 apartment initially stands at about VND1 billion.
Although it is a cheap apartment, it is located in the overall Waterpoint urban area, meaning that residents can enjoy all the high-class amenities in the region.
