Committees in charge of housing projects set up

The People’s Committee of HCM City has recently established two committees at district and municipal levels in charge of the approval of future social housing projects.— Photo phapluattp.vn

HCM CITY (VNS)– The People’s Committee of HCM City has recently established two committees at district and municipal levels in charge of the approval of future social housing projects.

The People’s Committee said all applications for purchase and lease of social accommodation would be under the management of both committees to ensure compliance with the law and transparency of application approval.

Up to mid-April, the city has received nearly 800 applications from those with a demand for social housing, including public officials, people working in military forces and workers from more than 50 companies across the city.

The city, in response, has recently approved 113 applications, allowing the applicants to purchase apartments at the price of VND11 million (nearly US$530) per square meter in an apartment building in District 10’s To Hien Thanh Street.

According to the municipal Department of Construction, up until the beginning of April, the department has received 20 cases of commercial housing projects which were submitted for conversion into social housing and approved nearly 10 projects among these.

HCM City aims to facilitate the purchase of more than 20,000 apartments for people with demand for inexpensive housing from present until 2015.

By the end of year, the city plans to enable the purchase and lease of 4,000 apartments. – VNS