Hanoi to auction unused resettlement apartmentsThe Department of Construction of Hanoi has proposed to recall and auction resettlement apartments if they are not used in two years to recoup investment. Sai Dong urban areaIn the past years, Hanoi authorities started receiving orders to build commercial resettlement apartment buildings. There are 44 apartments on Le Duc Tho Street and 110 apartments in the Nam Trung Yen urban area. Nguyen Dac Thao, deputy head of the Urban Management Office under the Department of Construction, said only 76 apartments didn't have usage plan. In most cases, the residents didn't want to move in because of the construction quality or they wanted to resell the apartments at higher prices.

Source: VietNamNet News August 30, 2018 23:48 UTC