Under a plan approved by the Hanoi People’s Committee, 7,100 houses and apartments for resettlement and temporary accommodations for apartment owners and users, totalling 564 sq m, need to be built.

The local authorities said there are 15 projects developing houses for resettlement in 2021-2025 with 5,219 products under execution and they may be completed soon, with 418,000 sq m of floor area. 

The demand for resettlement and temporary accommodations that need to be built anew is 1,898 products, or 151,840 sq m of floor area.

In 2021-2025, the needs for resettlement will be satisfied if three projects on land plots where site clearance has been completed in Hoang Mai and Dong Anh with 1,712 products (137,000 sq m of floor area).

To fulfill the plan, Hanoi focuses on 15 ongoing projects which are capable of being completed in 2021-2025; and checks the implementation of six projects scheduled to be completed after 2025 with 400,200 sq m of floor area. The city will reserve a budget to buy back some commercial housing funds for resettlement.

In addition, they will make investments to build four new projects with a total land area of 5.4 hectares with 3,617 apartments (289,360 sq m of floor area), of which three projects are scheduled to be completed in 2021-2025.

The city estimates that it needs VND 5.251 trillion to develop housing products for resettlement and arrange temporary accommodations for apartment owners while the projects are being implemented.

More recently, Hanoi  released a decision on advancing expenses to the districts of Dong Da, Ba Dinh, Hai Ba Trung, Thanh Xuan and Cau Giay to upgrade and build old apartment blocks. The total advance is VND22 billion.

The Hanoi People’s Committee recently told voters that construction is expected to begin in Q2/2023 for the old apartments which have completed appraisal and have detailed plans expected to finish in Q4/2022. The selection of investors to implement the projects and implementation of the preparatory works in Q1/2023.

The apartments that have completed examination and planning will undergo the selection of investors first.

Hong Khanh