Illustrative image (Source: VNA) HCM City (VNS/VNA) – There was not a single social housing project in Ho Chi Minh City this year, and with support funds for them being limited, there is a fear the situation could continue, experts said. The city has a population of around 13 million including about 3 million migrants, according to the HCM City Real Estate Association (HoREA). Housing development is of paramount importance as the city would add one million people to its population every five years in 2021-2035, said Vo Van Hoan , Vice Chairman of the HCM City People's Committee. Le Hoang Chau, chairman of HoREA, said: "The city's biggest and most difficult problem is to address the housing needs of a large number of low- and middle-income people, including Government workers, students, workers, and migrants, to ensure social welfare and sustainable development." The city has nearly 476,000 families, or 25 percent of the total number, that do not own homes and live with relatives. Of them, more than 20,000 live along and near canals and 35,000 in old apartment buildings that need to be renovated. Next year the city is expected to have 20,000 units of social housing, a very small… Read full this story
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