The municipal People’s Council has approved the plan and the city will take heed to build new condominiums to replace old ones built before 1975.
Specifically, the city will pull down old apartments to build new ones in districts 1 and 3 whereas it will focus on renewing districts 4, 5, 6, 8, 10, 11, Tan Binh, Tan Phu, Phu Nhuan, Go Vap and Binh Thanh; however, skyscrapers in these districts are only allowed in some sections with good transport and social infrastructure.
High-rise condominiums and social housing projects are top priority in districts 2, 7, 9, 12, Thu Duc and Binh Tan especially in public traffic stations like the Metro No.1 in districts 2, 9 and Thu Duc.
For five outlying districts, housing projects in rural communes and residential quarters where infrastructure connects with major roads and resorts in new urban areas. The city administration will create more land for social housing projects in the period 2021-2025, aiming to develop traffic system in paths to Metro and the ring belts.
There will be preferential policies for those who buy houses in new residential blocks in outlying communes in order to reduce population density in the inner city.
Director of the municipal Department of Construction Tran Trong Tuan said the city is implementing 49 social housing projects; accordingly, as per schedule, low and middle income earners can live in nearly 20,000 social houses by 2020.
HCMC strives to reach for per capita housing area of 19.8 meter square by 2020. Furthermore, not only the housing area will be raised but also newly built house area will be 40 million meter square in the period 2016-2020.