Hanoi, Vietnam - On March 3, 2025, the Hanoi Housing Development and Investment Corporation (HANDICO) and Viglacera Corporation - JSC are set to hold the groundbreaking ceremony for the CT3 social housing project, which will include 1,104 new apartment units. This significant initiative is part of the Thang Long Green City project located on the CT3 land plot in the Kim Chung Urban Area of Dong Anh District.<\/p>
Spanning almost 3.7 acres, the CT3 social housing project will comprise three twelve-story residential buildings with one additional structure on the CT4 land plot, bringing the total number of units to 1,588, accommodating approximately 5,429 residents. This ambitious project reflects Hanoi's commitment to social housing development as outlined by the government's goal to construct one million social housing units by 2030.
The groundbreaking ceremony is anticipated to mark the start of what officials believe will be transformative for local housing. "The project aims to support medium and low-income households and create jobs and economic momentum," said Hanoi authorities. This housing development is particularly significant as it responds to the growing demand for affordable housing among low- to middle-income families, which have often struggled to find suitable accommodation.
Originally initiated by the joint venture between HANDICO and Viglacera back in October 2018, the project was set to reach completion and become operational by the fourth quarter of 2026, following the completion of various phases of construction.
The historical value of the project lies not only in the residential units it will provide but also as part of Hanoi's strategic plan for urbanization. Authorities aim to build 56,200 units as part of their housing agenda from 2021 to 2030, focusing on enhancing living standards across the metropolitan area.
Each unit within the CT3 project is set to offer not only quality living spaces but also at competitive pricing. "This new project highlights our commitment to providing quality social housing at competitive prices," stated Peter Nguyen, spokesperson for HANDICO. Such declarations echo the desire to target not just housing but to instigate overall socioeconomic growth within communities.
Each apartment will be equipped with significant amenities, ensuring they cater to the needs of families and individuals alike. The housing design incorporates modern living standards, contributing to both comfort and functionality, making it attractive to prospective homeowners. The units will be priced at approximately 18.4 million Vietnamese Dong per square meter, including VAT and maintenance fees, presenting accessible options for many families.
Beyond just construction, the CT3 project's development will bolster economic conditions by generating jobs for local workers during its construction phase and providing housing for them post-completion as well. It acts as a pillar of stability for families who needed it most amid broader housing market fluctuations.
Officials expect the social housing development to spur additional local investment and consumption, which may create economic momentum throughout the Dong Anh district and surrounding areas. By fostering community and economic welfare, the CT3 social housing project aligns with Hanoi’s broader objectives of inclusive growth and residential satisfaction.
Such initiatives provide incentive and assurance for the local population, particularly those from lower socioeconomic backgrounds who may have felt priced out of the property market until now. It promises to strengthen the neighborhood's social fabric as more residents will have ties to their communities, enhancing both educational and health outcomes as part of improved living circumstances.
Construction on the CT3 project is set to proceed with significant oversight, ensuring completion goals are met and enabling residents to secure homes more quickly. This stands as yet another step forward for Hanoi, which aims to transform its urban landscapes effectively, planning for the future with resilience and sustainability.
With the grand vision of one million social housing units by 2030, projects of this nature are significant landmarks on Hanoi’s roadmap and are set to uplift thousands of families, cementing the city’s status as one of progressive urban centers prioritizing community living.
Residents, city planners, and stakeholders alike remain optimistic about the CT3 project and its potential impact, as it resonates with larger trends addressing the urgent housing needs of the capital. Such developments are not merely about building houses but about creating inclusive communities where all can thrive.
To conclude, the CT3 social housing project is more than just another residential development—it's part of Hanoi's commitment to its residents' quality of life, showing ambition and dedication to ensuring all citizens have access to good housing. Such measures will surely observe more attention as the city progresses on its path of modernization and inclusion.