It is forecast that the city will need more than 39 million sq.m of housing area during 2016-2020, and nearly 46 million sq.m during 2021-2025.
To realise the targets, the committee has developed and submitted to the municipal People’s Council a new housing development programme, which emphasizes that housing development must go hand in hand with technical and social infrastructure.
Under the programme, priority with be given to high-rise housing with a view to using land effectively and creating more space for transport, greenery and parking. Apartment blocks will account for 90% of new housing projects.
From now to 2020, bidding will be held to select investors for new high-rise apartment blocks along major transport routes in six urban districts, which are Districts 2, 7, 9, 12, Thu Duc and Binh Tan, to replace old and degraded residential areas.
The city will also encourage the development of low-cost commercial and social housing through providing preferential credit, in order to reduce unlicensed and illegal housing construction in rural areas.
In the downtown area (Districts 1 and 3), priority will be given to upgrading or replacing old apartment blocks built before 1975, and no new high rise housing projects will be allowed until 2020.
For the remaining 11 urban districts (Districts 4, 5, 6, 8, 10, 11, Tan Binh, Tan Phu, Phu Nhuan, Go Vap and Binh Thanh), new high rise housing projects will be limited except for those which can ensure synchronous technical and social infrastructure.
In the five rural districts (Cu Chi, Hoc Mon, Binh Chanh, Nha Be and Can Gio), new housing projects will be encouraged in towns and rural residential to ease population pressure in urban areas. New projects will not be allowed in areas without infrastructure planning.