There is a townhouse with an area of 70 m2, the maximum selling price is 950 million VND!
Mr. Pham Thieu Hoa – Chairman of Vinhomes. Photo: VHM.
Mr. Pham Thieu Hoa – Chairman of the company Vinhomes – shared more about the project social housing (NOXH) that Vinhomes just revealed on May 12 at the company’s Annual General Meeting of Shareholders.
Accordingly, Vinhomes has planned Happy Home social housing including 3 types. Type 1, with a selling price of nearly 300 million VND, are apartments in buildings with a maximum height of 7 floors, with an area of from 24 m2 of floor and 12 m2 of loft.
Type 2 is apartments in 15 – 21 storey buildings, area from 30 – 50 m2 with the price of 400 – 700 million VND.
Type 3 is 3-storey semi-detached houses, with an area of 50 – 70 m2, maximum selling price of 950 million VND. However, the adjacent type will not be much because Vinhomes gives priority to the construction of high-rise apartments, meeting the needs of the majority of people.
In order to ensure the selling price of less than 1 billion for social housing units in “full utilities” projects with full schools, commercial centers, children’s playgrounds, sports fields… Vinhomes said it has researched very carefully. , distilling bit by bit during design to get optimal costs.
Perspective of a project of Vinhomes near Hanoi.
In addition, Vinhomes must follow the principle with social housing that only the cost of capital recovery, including loan interest, and the rated profit of the entire project does not exceed 10% of the total investment cost.
“Because there is no land payment and an unlimited number of small apartments are built, the selling price will definitely be within the range we have given and perfectly match the affordability of low-income people.“, Mr. Hoa confirmed.
Regarding the implementation progress, the Chairman of Vinhomes said that the enterprise has applied for a number of social housing projects in Hanoi and Ho Chi Minh City. In addition, Vinhomes is also promoting the construction of social housing land in existing projects.
“We plan to start construction in August so that the first buildings will be put into use from June next year. Because the projects are located in the periphery, we will deploy VinFast electric bus routes connecting social housing areas with important intersections to ensure the travel needs of people.“, Mr. Hoa revealed.
Happy Homes are introduced as independent urban projects, separate from Vinhomes’s commercial housing projects or as social housing plots in the great projects of this enterprise. In particular, Happy Home is deployed under the “full utility” model, with a scale of 50 – 60 hectares or more and deployed in the periphery of big cities and provinces – where there is a “thirst” for housing for workers. low-income workers – such as Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, Da Nang…
According to the plan, Vinhomes will develop 500,000 social housing houses in the next 5 years, bringing the hope of “settling down” for millions of poor workers. Taking the name Happy Home for social housing projects, Vinhomes hopes to bring “happy homes” to millions of low-income workers across the country.
Explaining about the popular VinCity product before, Mr. Hoa said that the brand transformation into Vinhomes was because VinCity was essentially no different from Vinhomes. Because of the influence of land prices, the price of Vinhomes may be adjusted up accordingly.
“Although VinCity was transformed into Vinhomes to research simpler product lines, many small apartments in these projects are still priced from only 650 million VND.“, Vinhomes Chairman added.
According to evaluation, with a price range of just under 1 billion VND, Vinhomes’ “full utility” social housing will definitely create a fever due to the needs of low-income people with a huge “settlement” place. Faced with concerns about the risk of profiteering, products with social security meaning are difficult to reach the right hands of low-income workers, a representative of Vinhomes said that it will organize direct and public sales. All registration documents will be assessed before being submitted to the local Department of Construction for permission.
“We guarantee 100% of the houses will go to the right address, right object“, Mr. Hoa emphasized.
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