Low Cost Housing

In Vietnam / February 03 2015

Low Cost Housing

The Vietnamese Government has announced financial assistance programs for the purchase of property, predominantly for government employees, and has been seeking overseas partners to assist in building low cost housing to international standards. The Government’s preferred first choice is to seek Australian expertise as well as initial funding assistance of US$10M to complete the project.

The Capability Group (Capability Holdings Pty Ltd) has a close Vietnamese colleague who has high level contacts with Government and corporations in Vietnam.

Suitable Vietnamese partners have been identified to assist with Government permissions and building codes, on the basis not only of the services that they can offer, but also because they have a record of ethical compliance.

The first project is to build up to 30,000 units in 4 different locations which are Tien Giang Province, Go Vap District, Binh Chanh District and No. 9 District of Ho Chi Minh City.

Expected lead time from the start of the project to building commencement is approximately 10 months.