Hanoi Social Housing

Hanoi is among the major urban areas with high demand for social housing, yet investment remains limited.

Hanoi government promises to soon resolve all the troubles that workers across the capital are facing.

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To meet the needs of people in different income brackets, the city will focus on building satellite cities and areas expected to become urban districts between 2021 and 2030.

In 2022, the average per capita floor area in Hanoi is estimated at 27.6 square meters, assuming the city completes ongoing housing projects.

In the 2021-2025 period, Hanoi expects to speed up the construction of 22 social housing projects and complete the preparation for others with a combined floor area of 1.21 million square meters.

Property developers are urged to strictly comply with current regulations on reserving 25% of their project area for social housing.

The Hanoi Development Investment Fund has signed four MoUs to provide loans worth VND1.4 trillion (US$60 million) to property developers.

Hanoi would continue to speed up the construction of new housing projects to meet the growing demand of the locals.