City plans super cheap homesVietNamNet Bridge – Municipal authorities are considering following in Binh Duong Province’s footsteps to build ‘super-affordable houses,’ but the jury is out on the project’s feasibility. The socio-economic conditions of each locality are different, and HCM City cannot expect to copy the Binh Duong model. Le Hoang Chau, Chairman of HCM City Real Estate AssociationIn my opinion, HCM City can only build some 15,000 to 20,000 $4,500 apartments because its land reserves are very limited. If HCM City authorities are dead set on building super-affordable houses, infrastructure must be a priority. Le Hoang Chau, Chairman of HCM City Real Estate Association.

Source: VietNamNet News February 20, 2017 05:15 UTC