Detailed Review of Ecohome 1 Social Housing Project: A Housing Opportunity for Middle-Income Residents in Hanoi
The Ecohome 1 social housing project, formerly known as the “Low-Income Housing Area in Bac Co Nhue - Chem New Urban Area,” is one of the largest social housing developments in Hanoi. Developed by Thu Do Investment and Trading Joint Stock Company, Ecohome 1 not only provides a practical housing solution for middle-income residents but also focuses on creating a modern living environment in harmony with nature.
The project officially broke ground on October 9, 2013, and was inaugurated and handed over to buyers on the morning of December 24, 2014, ahead of schedule. This milestone affirms the developer’s commitment to quality and progress, opening housing opportunities for many young families and those facing housing difficulties in the Bac Co Nhue - Chem area.
General Information about Ecohome 1 Project
Project Scale and Structure
Ecohome 1 is located on a planned area of nearly 2 hectares, developed across two land plots B4-CT1 and B5-CT2. This is a significant scale for a social housing project in Hanoi. The project includes 4 buildings, each 12 floors high: B4-CT1, B5-CT2B, B5-CT2A, and B5-CT2C.
The total construction floor area reaches nearly 84,000 m², providing a total of 930 apartments. With this large number of units, the project meets a considerable portion of the social housing demand in the area.
Developer and Development
The developer of Ecohome 1 is Thu Do Investment and Trading Joint Stock Company. By completing and delivering the project ahead of schedule, the developer has demonstrated strong execution capability and commitment to quality, ensuring safety and standards comparable to commercial housing projects.
Pricing and Financial Support
Ecohome 1 is positioned as social housing, targeting low- and middle-income groups. According to market data, apartment prices range from 63 to 77.9 million VND/m² (reference price at the time of update).
The initial selling price (before tax) ranged from 10.3 to 10.8 million VND/m², with total apartment values from approximately VND 400 million to VND 800 million. This extremely affordable pricing enabled low-income buyers to own homes.
Notably, Ecohome 1 was included in the government’s VND 30,000 billion credit support package. Around 90% of buyers received financial support through VietinBank – Nam Thang Long Branch with preferential interest rates. Buyers only needed around VND 100 million to own an apartment, using the unit itself as collateral.
Strategic Location and Transportation Connectivity
Exact Address
Ecohome 1 is located on Ke Ve Street, Dong Ngac Ward, Bac Tu Liem District, Hanoi. The project is situated on land plots B4-CT1 and B5-CT2 within the 1/500 detailed planning of Bac Co Nhue - Chem area.
Area Potential
The Bac Co Nhue - Chem low-income housing area lies within the broader Bac Co Nhue - Chem New Urban Area, a region experiencing rapid urbanization. According to Hanoi’s development orientation, this area will evolve into a chain of modern urban zones with fully equipped social amenities.
External Connectivity
Ecohome 1 benefits from convenient access to key areas and amenities:
- Close to Ciputra Urban Area.
- Near major educational institutions such as Academy of Finance, People's Police University, and Hanoi University of Mining and Geology.
- Easy access to Pham Van Dong main road.
Residents can also easily reach other important destinations:
- Hoa Binh Park: approximately 1 km.
- Metro/Mega Market supermarket: approximately 2 km.
- West Lake: approximately 4 km.
- Thang Long Industrial Park - Noi Bai: approximately 3 km.
- My Dinh center: approximately 4 km.
Apartment Design and Living Space
Modern and Efficient Design
Ecohome 1 is designed to provide a comfortable and ideal living space with modern architecture integrated with natural surroundings. Despite being social housing, apartments are well-designed and optimized for functionality.
Apartment sizes vary to suit different needs:
- Minimum area: 36.5 m².
- Maximum area: 69.6 m².
This range is especially suitable for young couples and middle-income families seeking stable housing.
Green Space and Living Environment
The developer placed strong emphasis on green living. Out of the 2-hectare area, about 10,000 m² is allocated for walkways, gardens, and greenery, creating a fresh and open environment that enhances residents’ quality of life.
Project Status and Handover
Ecohome 1 was completed and handed over to buyers at the end of 2014. The project is now fully operational, demonstrating legal clarity and feasibility as a high-quality social housing model.
Financial Support and Sustainable Housing Solution
Ecohome 1 is not just a residential complex but also a practical financial solution. With support from the VND 30,000 billion credit package, the project has helped hundreds of low-income families realize their dream of owning a home in Hanoi. Affordable pricing combined with financial support significantly reduces the burden on buyers.
Through Ecohome 1, Thu Do Investment and Trading JSC has contributed to solving social housing demand while setting high standards for quality, progress, and living environment in low-income housing projects.
Conclusion
Ecohome 1 has proven to be a successful social housing project, delivering dual benefits: addressing housing needs for low-income residents and contributing to sustainable urban development in the Bac Co Nhue - Chem area. With its convenient location, practical design, and strong financial support policies, Ecohome 1 remains a noteworthy housing option in Hanoi.
