HANOI: The Ministry of Construction expected the total social housing space developed this year to cross 1 million square metres, and reach 2.8 million sq.m in total.
To date, 62 projects have been registered to be converted from commercial housing projects to social housing projects with a total of more than 41,700 apartments, while 88 projects scaled down the area of their apartments to match the market demand.
Ha Noi, southern Binh Duong and Dong Nai Provinces were among the localities that showed good results in social housing development. The efforts of developing social housing projects partly contributed in raising the country’s average living space to 22sq.m per head, rising by 1.1sq.m over 2014.
