HCM City to revamp dilapidated apartment buildings

Ho Chi Minh City has approved a comprehensive project aimed at renovating and reconstructing old, deteriorated, and dilapidated apartment buildings within the city.

According to the municipal Department of Construction, 474 apartment buildings constructed before 1975 have been inspected since 2016. Of these, 16 buildings have been identified as Grade D, indicating severe damage and danger.

The affected buildings are located in the inner city, dispersed within existing residential areas, and concentrated across 15 districts, including District 1, District 3, District 4, District 5, and District 6.

For apartment renovation and reconstruction projects funded by the State through public investment capital,  specialized or regional Investment and Construction Project Management Boards will be selectedd as investors.

In cases where there is no suitable Project Management Board, the investment decision-maker will designate another agency or organization to act as a project investor, including enterprises with 100% State-owned capital engaged in real estate business.

The project emphasizes that the renovation and reconstruction efforts will be conducted based on the principles of ensuring a harmonious balance of interests, rights, and obligations among the people, the government, and investors, in accordance with the law. The primary focus will be on prioritizing the common interests of the residential community and achieving social security goals.

HCMC aims to complete by 2035 the renovation and reconstruction of apartment buildings built before 1975. Additionally, the city also plans to substantially complete the renovation and reconstruction of severely damaged, dangerous, or expired apartment buildings built between 1975 and 1994.