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About HCM City > Posts > HCM City to develop 32 million square meters of housing in 2006-2010
Economic HubTuesday, 08/22/2006, 08:41

HCM City to develop 32 million square meters of housing in 2006-2010

HCM City has set a target of building an additional 32 million square meters of housing in the next five years to raise the per capita housing ratio from 10.3 to 14 sq. meters and the total housing area to 101.5 million sq. meters by 2010<br>
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HCM City to develop 32 million square meters of housing in 2006-2010

 

HCM City has set a target of building an additional 32 million square meters of housing in the next five years to raise the per capita housing ratio from 10.3 to 14 sq. meters and the total housing area to 101.5 million sq. meters by 2010.

 

This is the main goal of an action plan for the city�s housing development in 2006-2010 period which was announced in a decision of the municipal People�s Committee.

 

To achieve the goal, HCM City will issue incentive policies to encourage the participation of local and foreign individuals and companies in the housing sector.

 

Difficulties will be solved so that developers of more than 500 property projects with total land area of over 5,000 hectares can continue their projects and the real estate market can better develop.

 

The city will step up the investment and implementation of programs to build 30,000 houses for resettlement of residents affected by the construction of key infrastructure projects, relocate 15,000 households living along the canals in inner-city districts, build 25,000 apartments for low-income people, civil servants and military officers, and 20,000 rooms for workers at industrial parks and export processing zones.

 

Basic infrastructure for residential areas in inner-city districts such as water supply and drainage and electricity will be built or upgraded. Apartment buildings at risk of collapse will be rebuilt and more condominiums will be developed to provide accommodation for people.

 

Infrastructure for outlying areas will also be developed to improve the life of rural people. The city will try to raise the ratio of concrete houses in outlying areas to 20% by 2010.

 

(Source: The HCM City People's Committee)

 


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