As of June 12, the Department of Construction has received 6 requests from investors in need of borrowing capital from the VND 120,000 billion credit package under Resolution No. 33/NQ-CP dated March 11, 2023 of the Government. Among them are 03 social housing project investors, 01 project investor for workers' rental and 02 projects investors for renovating and rebuilding old apartments.
Notably, there are 03 social housing projects registered to borrow the 120,000 billion VND credit package this time, specifically: Social Housing Project - Phase 2 of Nguyen Son Residential Area, Binh Hung Commune, Binh Chanh District (Block C) invested by Nguyen Son Real Estate Joint Stock Company. The project's construction land area is 22,302 m2; with 242 apartments (equivalent to 14,100 m2 floor area).
The Department of Construction has received 6 requests from investors who need to borrow capital from the VND120,000 billion credit package according to Resolution No. 33/NQ-CP dated March 11, 2023 of the Government. (Photo: TP)
The social housing project at 324 Ly Thuong Kiet Street, Ward 14, District 10 is invested by Duc Manh Joint Stock Company. With a scale of up to 18,005 m2 of construction land area; 1,254 apartments (equivalent to 138,365 m2 of floor area).
The Long Truong Ward Housing Project, Thu Duc City is invested by Dien Phuc Thanh Construction and Housing Trading Company Limited. This is a project with a construction land area of 14,300 m2; 558 apartments (with 34,316 m2 floor area).
In this proposal, there is also 01 social housing project for workers to rent at Industrial Park District 2, Thanh My Loi Ward, Thu Duc City, invested by ThuThiemGroup Joint Stock Company. With a construction land area of over 20 thousand m2; 1,004 apartments (equivalent to nearly 94 thousand m2 of floor space).
Notably, this time, there are 02 apartment renovation and reconstruction projects registered for loans of more than 1,100 billion VND, including: New construction project of apartment building 350 Hoang Van Thu, Ward 4, Tan Binh District (invested by Duc Khai Tan Binh Joint Stock Company) and Saigon Central Residential Area project, at 23 Ly Tu Trong Street, Ben Nghe Ward, District 1 (investor is DOWNTOWN Real Estate Joint Stock Company).
During the review process, the Department of Construction assessed that all 06 projects mentioned above met the criteria and conditions according to the guidance of the Ministry of Construction, specifically: 03 social housing projects and 01 housing project for workers to rent had construction permits and 02 projects to rebuild old apartments had investment policy approval.
Mr. Huynh Thanh Khiet, Deputy Director of the Department of Construction, said that regarding the loan demand, this is the registered content of the investor, the banks will conduct appraisal according to the guidance of the State Bank to provide loans.
In addition, according to the guidance and authorization of the Ministry of Construction in Official Dispatch No. 1551/BXD-QLN dated April 20, 2023, the Department proposed that the City People's Committee publicly announce (Phase 1) on the Committee's electronic information portal the list of 06 projects so that banks have a basis to apply for loans under the VND 120,000 billion credit program.
The Department of Construction will continue to review and synthesize reports to the City People's Committee in the next phases when there are projects that meet the conditions and criteria.
Previously, on May 25, the Department of Construction sent an official dispatch to investors of social housing projects, worker housing projects, and apartment renovation projects in the area. It requested that investors of the above projects base on the Ministry of Construction's guidance on conditions, loan criteria, and loan needs to invest in project construction.
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