Friday, September 21, 2018 10:58:28 PM - Markets open
VN-INDEX 1,002.97 -1.77/-0.18%
HNX-INDEX 115.80 +0.74/+0.64%
UPCOM-INDEX 53.49 +0.50/+0.95%
Hà Nội prepares land for developing resettlement apartments
http://vietnamnews.vn/ - 12/19/2017 11:16:38 AM
 (0 ratings. You must sign in to rate.)
Hà Nội said it has prepared 28.5ha of land for developers to build 27 resettlement housing projects with an estimated 19,800 apartment units.
 
The capital city recently submitted a document to the Government Office to clarify its proposed mechanisms for firms to develop resettlement apartments in the capital city.
 
Under the proposals, Hà Nội will prepare land and select developers with adequate capacity to develop these resettlement housing projects. An important criterion for developers is that they must promise not to calculate loan costs in the apartment price.
 
The developers will be allowed to make a profit of 10 per cent or sell 20 per cent of the apartments to the market.
 
After nine to 12 months, if the city failed to introduce home buyers, the developers will be allowed to sell the apartments to recover their investment.
 
It was estimated that the city needed more than 22,130 apartments by 2020 to meet the resettlement demand for site clearance to implement infrastructure development projects,
 
Currently, some 4,500 resettlement apartments were being developed and the city needed another 17,600 units.
 
The capital city said the new mechanisms would encourage developers to invest in resettlement housing projects.
 
Under the current mechanisms, the Government will have to spend money to develop or buy housing projects for resettlement. After that, the resettlement housing projects will be sold to citizens. The capital city said this mechanism was not efficient due to the tight budget. — VNS
 
Read original article here
Newer News
16/05 Hà Nội to crackdown on delayed projects
02/04 Banks begin tightening screws on property credit
Older News
08/12 Hanoi plans Hoa Lac as satellite town of 600,000 residents
 
Newsletter Signup
Top Stories
VN Index to rise amid volatility, weak liquidity
VN stocks continue rallying
VN manufacturing PMI hits 22-month high in March
CPI goes up 4.96 percent year-on-year in first quarter
Slight rise in February CPI
Market Update
Last updated at 3:12:17 PM
VN-INDEX 1,002.97 -1.77/-0.18%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.