The first social housing for lease at Hanoi has officially started to operate

Most of families curently have moved in to the Dang Xa social housing for lease at Dang Xa Urban Area - Gia Lam - Hanoi. This project is the first social housing for lease in Hanoi that was actively invested by enterprise. The project built on plots of NO3 and NO4 at  Dang Xa Urban Area 2 of Viglacera Corporation, with total area of 10,000 m², including two 6-floors buildings, 270 apartments of 45, 47, 60 and 69, 5m2 and leasing prises from over 1 million to 2 million VND per month.

Overview of social housing for lease at Dang Xa Urban Area

Accommodation or "slums" room, and pricing are always the biggest concern for students, workers who come from other provinces going to the Hanoi to study, work and also for the familes has not yet enough conditions to buy the house. The policy of developing the social housing and especially the social housing for lease has solved all of these concerns.

In Hanoi, There has many social housing projects successful implemented and started to operate, in which the most outstanding social housing project is at Dang Xa Urban Area with prestigious brand owners as well as the ensuring of construction progress, quality of construction and infrastructure services. The number of register application always reached higher than the demand of apartments from investor owner.

Viglacera is not only get high reputation from social housing project, but Viglacera also started the new approach that enterprise join to construct the social housing for lease at Hanoi with requirements of reasonable price, high quality, comprehensive infrastructure. According to the estimations, the leasing rates of 30,000 / m ² / month in Dang Xa social housing is cheaper than 40% to 60% compared to leasing rates of local people’s house at open market.

Besides that in order to create the favours for the people, the leasing period would be five years, then they may have chance to buy their appartment in accordance with the social housing price specified by Hanoi Department of Finance regulations at that time. 

People living in social housing can  enjoying infrastructure services as other households in the urban area

Investor owner also said that people who rent apartments are priority to buy the apartment their living in. Therefore, many families after leasing apartments can be confident in investing, repairing, upgrading the apartments to suit their needs for staying in long-term without any worrying about the ability to return the apartments even despite they wish to purchase that. Currently, eligible tenants in this project are the households that meets the criteria to buy social housing. 

Notably, infrastructure and landscape of this social housing are connected synchronously with the technical infrastructure, and the entire urban landscape, so the family rented here would enjoy common utilities of both urban areas as other households with service fee of 2,000 VND/m². The electricity and water fee will be charged according to the price set by the state.

As one client in the project, Ms. Nguyen Thi Huong (Gia Lam, Hanoi) excited to share that: We just moved to Dang Xa social housing last 2 weeks, but her family had sensed the advanced living environment, with many modern facilities in this Urban areas. In particular, she and her husband had been free of worries about housing when they are planning to have first baby, no longer have to think when they have guests, family members came to visit or unusually wet weather, security and high house prices.

With priority policy for tenants to buy their leased appartment after 5 years, Ms Huong’s family had planned to prepare a budget to buy the apartment where her family is leasing.

Campus forward social housing for lease

Because the demand remains very high, Viglacera will continue to invest in the segment of social housing in terms of both quantity and quality with the desire to state that "housing for low-income people but not low quality”