Vietnam real estate developments focus on social housing and urban expansion

Various real estate projects are advancing across Vietnam, with a significant focus on social housing and large-scale urban developments. In Bac Cau Bang, Thong Nhat 508 Joint Stock Company is coordinating capital contributions for its Phase I urban area project, which has an estimated completion cost exceeding 1,050 billion VND following adjustments to construction and management expenses.

In Bac Ninh, the Parc Ville social housing project in Dinh Tri is nearing completion, with construction reaching the 16th floor. The project, developed by Areca Vietnam Investment and Service JSC, offers 704 apartments at a price of approximately 21.9 million VND per square meter, setting a new price benchmark for low-income housing in the region.

In Hanoi, the Tam Hung commune authorities are consulting residents on the 1/500 scale detailed planning for two social housing projects, Tam Hung 1 and Tam Hung 2, managed by Hai Phat Real Estate Business JSC. Meanwhile, the Vinhomes Ocean Park 2 urban area in Hung Yen continues to attract interest for its low-rise housing options, including villas and shophouses, integrated with large-scale amenities like Royal Wave Park.