The first six-storey apartment building has been handed over to low-income earners in Ha Noi. Each apartment costs around VND71 million to VND115 million.
|An apartment building area for low-income earners in Ha Noi|
The first floor of the block is reserved for public purposes. While the remaining floors, including 90 households with around 36 square meter each, are used for residence.
After paying a deposit of 30% of the cost, buyers can have a 20-year deferred loan, which has monthly payments on preferential interest of 0.4%.
If clients make a full payment upfront, they will be offered a 20% discount of the total price and receive the title certificate of ownership on the spot.
As many as 58 out of 79 low-income families bought the apartments in the first stage following the approval by the Ha Noi People’s Committee, and have paid the 30% deposit.
The signing and hand-over ceremony was held on March 22, 2006.