HCM City (VNS/VNA) - The Ho Chi Minh City Department ofConstruction wants to increase the average housing area per person to 23.5square metres by 2025 from the current 20.65 square metres.

This is part of a housing development programme it has submitted to the cityPeople’s Committee for 2021-25.

For this, the city will need nearly 800.9ha for commercial housing and 173.5hafor social housing at a cost respectively of 239.7 trillion VND (10.6 billionUSD) and 937.7 trillion VND (41.6 billion USD).

In the central districts of 1 and 3, the city will develop individual housingin line with local urban planning and design.

The department has called on the two districts to streamline administrativeprocedures for issuing construction licences.

Old and severely degraded apartment buildings in the two districts will bereplaced by 2025, and local authorities will create favourable conditions fordevelopers to do so.

In districts 5, 6, 8, 11, 10, Phu Nhuan, and Tan Binh, and especially 4, Go Vap,Tan Phu, and Binh Thanh, where there is large demand for upgrading and buildingnew individual houses, the city will invest in infrastructure.

In districts 7 and Binh Tan and Thu Duc city, HCM City will invest ininfrastructure near industrial parks and clusters and call on the privatesector to build rental housing for workers.

Housing projects under construction will be speeded up, and new houses andapartment buildings along major public transport axes and areas with goodtechnical infrastructure will get construction priority. 

The city will encourage investment by developers in five social housingprojects with 3,955 apartments in districts 7 and Binh Tan and five more with4,352 apartments in Thu Duc city.

In the outlying districts of Binh Chanh, Cu Chi, Hoc Mon, Nha Be, and Can Gio,it will review land use to ensure it meets housing demand there./.