Thanh Hoa approves $55mln social housing project

The People’s Committee of central Thanh Hoa province has approved the investment policy of a social housing project in the province’s city of the same name.

The project will cover 14,380 sq.m at Dong Huong urban area. It will provide 710 apartments and 31 low-rise commercial houses for those who are eligible for the province’s housing support policies, totaling around 2,200 people.

It requires estimated investment capital of VND1.450 trillion ($55.13 million).

The investor will be chosen basing on the National Assembly Resolution on pilot mechanisms and policies for social housing development.

Construction of the project is expected to last no longer than 28 months.