ID :
63715
Tue, 06/02/2009 - 09:21
Auther :
Shortlink :
http://m.oananews.org//node/63715
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Hanoi-based Vincon Land and Finance Investment
Da Nang (VNA) – Hanoi-based Vincon Land and Finance Investment joint
stock company (Vincon) broke ground for a residential area with 1,000 apartments
in Da Nang ’s Son Tra district on May 29.
Apartments in this residential area, located on Bach Dang Dong Street in nai
Hien Ward, will be sold to low-income families.
Bui Duc Long, general director of Vincon, said each apartment with an area of
about 50sq.m would be sold for 200 million VND (11,000USD).
Vincon would invest 270 billion VND (15 million USD) in building these houses.
Long said this was Vincon’s first project building houses for low-income people,
adding that it was part of a plan to provide 5,000 apartments for this group in Da
Nang.
He added construction of the first residential area in this project would be
completed and buyers would receive their apartments by January 2010.
Speaking at the ground-breaking ceremony, Chairman of the Da Nang People’s
Committee Tran Van Minh said buyers must deposit 25 percent of the apartments’
value in advance, and pay the balance in monthly installments over the next 13
years at an annual interest rate of 2.9 percent.
Buyers would receive titles to the houses once they complete payment, he added.
Minh said Da Nang planned to build 7,000 apartments in 2009 and 2010 with a
total investment of 1.7 trillion VND (94 million USD).
Minh said the houses would be sold or rented to families who had contributed to
the nation’s liberation and development, households affected by projects funded
by Government budgets, those who receive salary from the State budget including
Government official and members of the armed forces.
Workers from industrial parks and export processing zones, students and low-income
residents are also allowed to buy or rent these houses. They should either have no
homes or have homes with areas less than 5sq.m each in their homes.
Owners of these houses can sell their apartments or put them out for rent after 13
years when their houses are fully paid for and they have received formal
titles to the property.-Enditem
stock company (Vincon) broke ground for a residential area with 1,000 apartments
in Da Nang ’s Son Tra district on May 29.
Apartments in this residential area, located on Bach Dang Dong Street in nai
Hien Ward, will be sold to low-income families.
Bui Duc Long, general director of Vincon, said each apartment with an area of
about 50sq.m would be sold for 200 million VND (11,000USD).
Vincon would invest 270 billion VND (15 million USD) in building these houses.
Long said this was Vincon’s first project building houses for low-income people,
adding that it was part of a plan to provide 5,000 apartments for this group in Da
Nang.
He added construction of the first residential area in this project would be
completed and buyers would receive their apartments by January 2010.
Speaking at the ground-breaking ceremony, Chairman of the Da Nang People’s
Committee Tran Van Minh said buyers must deposit 25 percent of the apartments’
value in advance, and pay the balance in monthly installments over the next 13
years at an annual interest rate of 2.9 percent.
Buyers would receive titles to the houses once they complete payment, he added.
Minh said Da Nang planned to build 7,000 apartments in 2009 and 2010 with a
total investment of 1.7 trillion VND (94 million USD).
Minh said the houses would be sold or rented to families who had contributed to
the nation’s liberation and development, households affected by projects funded
by Government budgets, those who receive salary from the State budget including
Government official and members of the armed forces.
Workers from industrial parks and export processing zones, students and low-income
residents are also allowed to buy or rent these houses. They should either have no
homes or have homes with areas less than 5sq.m each in their homes.
Owners of these houses can sell their apartments or put them out for rent after 13
years when their houses are fully paid for and they have received formal
titles to the property.-Enditem
