HCM City limits number of new high-rises in seven districts
Ho Chi Minh City will limit the construction of new residential high-rises in districts 1, 3, 4, 5, 6, 11 and Phu Nhuan, under a housing development plan for the 2021-2030 period.
HCM City has decided to limit construction of new high-rise residential buildings in seven districts (Photo: cafef.vn)
HCM City (VNA) – Ho Chi Minh City will limit the construction ofnew residential high-rises in districts 1, 3, 4, 5, 6, 11 and Phu Nhuan, undera housing development plan for the 2021-2030 period.
The plan has been approved by Le Hoa Binh, Deputy Chairman of the municipal PeopleCommittee.
In the last 10 years, the population of these seven districts has decreased.So, the city decided to limit the construction of high-rise residentialbuildings and focus on renovating old apartment buildings built before 1975.
The city, however, will promote investment in technical and socialinfrastructure for housing projects in districts 8, 10, Binh Thanh, Tan Binh, TanPuhu and Go Vap.
It will give priority to new housing and high-rises in districts withincreasing population density, such as Binh Tan, 7 and 12.
The new buildings will be located along main roads that connect with otherdistricts.
The city estimates that it will need 420 trillion VND to develop housingprojects in the next five years, of which 219 trillion VND will be invested incommercial buildings, 15.7 trillion VND in social housing, and the rest inresidential housing./.
Ho Chi Minh City plans to stop construction of high-rise apartment buildings in downtown areas and focus instead on building such residential complexes along the first metro route in the eastern part of the city comprising districts 2, 9 and Thu Duc.
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HCM City has decided to limit construction of new high-rise residential buildings in seven districts (Photo: cafef.vn) 
