1. Project Name: Construction of Tien Duong 2 Social Housing Area
2. Sector/Field: Urban Area, Housing
3. Location: Phuc Thinh Commune (according to the new administrative name)
4. Investment Policy: The City People's Committee has issued investment approval decisions No. 6619/QĐ-UBND dated 24/12/2024; Decision No. 1878/QĐ-UBND dated 01/04/2025 approving the Expression of Interest dossier.
5. Investment Objectives: To concretely implement the “Construction of at least 1 million social housing units for low-income residents and industrial workers during 2021–2030” approved by the Prime Minister; in accordance with the City of Hanoi’s Housing Development Program and Plan approved by the City People's Committee; and the 1/500 detailed planning of the pilot concentrated social housing project approved by the City People's Committee. The project aims to build a concentrated social housing area with synchronized technical and social infrastructure, contribute to the city’s housing fund, create urban landscape, and promote socio-economic development of the area.
6. Method of Investor Selection: Investor selection via bidding
7. Land Information, Site Plan, Planning Map, Approved Boundaries:
Land Information: The project is included in the list of works and projects supplementing the 2023 land use plan for Dong Anh District approved by Hanoi People's Committee under Decision No. 4618/QĐ-UBND dated 14/09/2023 (item 42). Land acquisition area: 39.49 ha.
Project Compliance with Planning: General Construction Plan of Hanoi Capital to 2030 with a vision to 2050 approved by the Prime Minister under Decision No. 1259/QĐ-TTg dated 26/07/2011; Urban Subdivision Plan N7, scale 1/5000 approved by Hanoi People's Committee under Decision No. 2270/QĐ-UBND dated 25/05/2012; 1/500 detailed plan of the pilot Tien Duong 2 Social Housing Area approved by Hanoi People's Committee under Decision No. 3175/QĐ-UBND dated 12/06/2019.
Approved Planning Map and Boundaries: According to the plan approved by the City People's Committee under Decision No. 3175/QĐ-UBND dated 12/06/2019.
8. Investment Scale: According to the 1/500 detailed plan approved under Decision No. 3175/QĐ-UBND dated 12/06/2019 with total land use area of approx. 394,900 m², including:
Investor will invest, operate, and exploit residential buildings on approx. 146,265 m² of land (of which approx. 123,171 m² for social housing, 323,094 m² for commercial housing), with a total of approx. 3,458 houses and approx. 267,526 m² of residential floor area; operate commercial-service buildings on approx. 6,677 m² of land, including:
Social apartment buildings: approx. 3,344 units, approx. 210,537 m² floor area, comprising: Rental apartments (minimum 20%) – 669 units, 42,107 m²; Rent-to-own apartments (minimum 10%) – 334 units, 21,054 m²; Apartments for sale (maximum 70%) – 2,341 units, 147,376 m². Each apartment: min. 25 m², max. 70 m²; max. apartment area may increase by up to 10% with the ratio of apartments over 70 m² not exceeding 10% of total social housing units.
Low-rise commercial housing (villas, townhouses): 114 units, 56,989 m² floor area.
Commercial-service buildings (plot CC.DV01): approx. 6,148 m² floor area.
Investor will construct technical infrastructure around plots and hand over to the City and local authorities for management and further development, including:
Educational facilities (kindergarten, primary, secondary schools) on plots MN-01, TH-01, TH-02 – total approx. 32,434 m².
2 centralized parking lots on plots BĐX-01, BĐX-02 – total approx. 12,236 m².
Investor will construct buildings and hand over to specialized agencies or local authorities on remaining land, including:
City, district, and subdivision road network
Internal urban traffic network
Public spaces, green areas, sports and recreational green land
Wastewater treatment station, transformer station
9. Investment Capital: Approx. VND 6,841.667 billion, including:
Estimated total project cost: approx. VND 6,367.787 billion
Compensation and site clearance cost: approx. VND 473.880 billion
10. Implementation Schedule: 2024–2030
11. Project Operation Duration: 50 years from the date the investor receives land allocation/lease/use conversion decision
12. Investment Mechanism: Investor exempted from land use fees and land rent according to law
13. Form of Investment: Non-budget capital
14. Project Proposing Authority: Department of Construction
15. Progress as of Q1/2025: The investment policy was approved by the City People's Committee under Decision No. 6619/QĐ-UBND dated 24/12/2024. Following Decision No. 1877/QĐ-UBND dated 01/04/2025 approving the Expression of Interest dossier, the Department of Construction published the Invitation for Interest and coordinated with relevant departments to carry out the next steps