AsemconnectVietnam - Total investment estimated at more than VND1.557 trillion (approximately $60 million).

 Authorities in central Nghe An Province have approved the investment policy for a new social housing project in Vinh Phu Ward and appointed Kim Thi Real Estate JSC as the project's developer, according to the provincial People’s Committee. The project will cover approximately 8.26 hectares and will feature a fully integrated residential area with modern technical and social infrastructure.

The project is expected to deliver around 2,000 apartments, with at least 12% of the units reserved for rental. The initiative aims to increase the supply of social housing and improve access to affordable homes for workers and other eligible residents across the province.

The total investment is estimated at more than VND1.557 trillion (approximately $60 million).

Investment procedures, site clearance and construction are scheduled to begin in the first quarter of 2027. The first 400 apartments are expected to be completed and handed over in the fourth quarter of 2027, followed by an additional 600 units by the end of 2028. The remaining apartments are scheduled for completion, with the entire project expected to become operational in the fourth quarter of 2029.

Nguyen Thuan

Source:https://en.vneconomy.vn/