ID :
45131
Wed, 02/11/2009 - 20:39
Auther :

49 trillion VND to be poured into

Hanoi (VNA) - A total of 49 trillion VND will be spent on building 184,000
apartments on a 9.58 million sq. m floor space for rent and sale between 2009-2015.

According to the Ministry of Construction's housing programme, the development is
expected to meet 30 percent of the demand in urban areas.

Of the total investment, 12.8 trillion VND, sourced from the State and local
budgets will be spent on building houses for rent.

Another 12.8 trillion VND that comes from project owners or State budget will go to
developing houses for both leasing and selling.

Meanwhile, the remaining amount of 23.4 trillion VND will be invested in low-price
houses.

The ministry expected to provide accommodation for 784,000 people during the
period.-Enditem

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