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Accordingly, the project is going to be constructed in Bau Lacarea, Tran Quang Dieu ward, Quy Nhon city on an area of about 4.2 hectares. Theconstruction, which consists of 2 blocks with 5 floors (including 200apartments for  low-income people) and aportion of land for commercial housing, will kick off in the fourth quarter2016.

At present, the province has three social housing projects granted withinvestment registration certificates. Apart form this project, the other twoinclude the project of Long Thinh building – apartments for low income peopleof FICO Construction Material Investment and Trading Joint Stock company withtotal capital of VND 197 billion; Phu My – Binh Dinh apartment building project(Simona) of Phu My Investment and Construction Company Ltd. with total capitalof VND 147 billion.

The supply of housing for low income people does not meet theincreasing demand in Bind Dinh. It is estimated that in the stage 2013-2015,there about 15000 households in need of low price apartments and the numberwill increase to about 40,000 households in 2020. Therefore, investment inapartments for low income people is more and more promising. The localgovernment has always supportive for the projects to be implemented.