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Idle Apartments in Prime Hanoi Locations

Thousands of apartments in premium areas in Hanoi left idle
housing HN ThachThao.jpg

The issue of thousands of resettlement apartments sitting empty in Hanoi persists amid a decline in housing supply and a growing demand for affordable and social housing.

Various projects across well-located lands in Hanoi, such as Duy Tan street in Cau Giay district and Ly Son street in Long Bien district, remain deserted despite being constructed over the past decade.

Mac Dinh Minh, deputy director of the Hanoi Construction Department, mentioned that out of the nine projects in question, only a couple have been completed and resettlement arrangements have been made.

Challenges preventing the utilization of these apartments include slow project progress, outdated construction standards, and repurposing properties for Covid-19 quarantine which delays their use.

Proposals have been made to convert these unused resettlement apartments into social housing as allowed by the 2023 Housing Law and Decree 95 issued in 2024.

Efforts are being made to sell these idle apartments through auctions after ensuring housing for households affected by land acquisitions for development projects.

The Hanoi Construction Department is also coordinating with various departments and agencies to address necessary procedures for the completion and utilization of these projects by the end of the year.

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