HCM City will give permits to high-rise projects in only six inner districts while putting a ban in Districts 1 and 3.
According to the city housing development programme for the 2016-2025 period, HCM City People’s Committee announced that they will not give permits to any more high-rise projects in District 1 and 3 from now to 2020. They will focus on renovating and upgrading 11 districts in the city’s centre as well as completing the on-going projects. Projects to renovate and rebuild old apartment buildings built before 1975 will be prioritised.
New high-rise and housing projects will be directed to District 2, 7, 9,12, Thu Duc and Binh Tan districts which have good infrastructure projects such as the on-going metro line construction. From now to 2020, the city authorities will open bids to find investors for various projects, prioritising apartment building projects along major routes in six inner districts in order to replace the deteriorated ones.
The authorities will prioritise social and affordable housings, and refuse new housing projects in areas without suitable infrastructure. Five suburban districts including Cu Chi, Hoc Mon, Binh Chanh, Nha Be and Can Gio will also follow the same policy.
HCM City authorities are urged to set up both luxury and affordable residential areas in the suburbs in order to reduce the population in the inner city.
HCM City aims to raise the average floor area per capita to 19.8 square metres by 2020. Another goal is to build 20,000 social housings in 2016-2020 period. Of which, 10,000 houses are for low-income people, 10,000 for resettlement projects, 35,000 for workers and 6,750 will be used as dormitories for students.
The city will issue bonds to call for funds for social and affordable housing projects.
Director of the Department of Construction Tran Trong Tuan emphasised that the housing projects must be in sync with the infrastructure and have land for further traffic development and public parks. He hoped high-rise buildings will account for 39% of the new projects.
The department will collaborate with the Department of Labour, Invalids and Social Affairs and the city Labour Confederation to evaluate housing demand.