Thoi Binh Social Housing: A Quality Affordable Housing Solution in District 11, Ho Chi Minh City
The Thoi Binh Social Housing project, now fully completed and operational, stands out as a notable highlight in the affordable housing segment in District 11, Ho Chi Minh City. Developed by Real Estate Joint Stock Company 11, the project not only provides stable housing but also helps address the urgent demand for affordable homes for middle- and low-income residents in the city. With a well-planned scale and convenient location, Thoi Binh offers an accessible homeownership opportunity while committing to sustainable living quality.
Overview of Thoi Binh Social Housing Project
Thoi Binh Social Housing is a residential apartment project developed to serve policy beneficiaries and workers. The project was completed at the end of 2018, reflecting the investor’s strong commitment to construction quality and schedule adherence.
Investor and Financial Scale
The investor is Real Estate Joint Stock Company 11, a company with experience in property development. The total investment capital of the project is approximately 129.1 billion VND, demonstrating a serious commitment to infrastructure and construction quality.
Land and Construction Details
The project is built on a land area of 2,695.6 m². With a construction density of 40%, the development ensures a balanced and open living environment. The floor area ratio (FAR) is 4.97, corresponding to a total construction floor area of 13,481.9 m².
A 40% construction density is an important advantage, helping to enhance living quality by allowing space for internal greenery and shared amenities. This is particularly valuable in inner-city Ho Chi Minh City, where land is increasingly limited.
Number and Types of Apartments
The Thoi Binh Social Housing project consists of 157 apartments in total, allocated as follows:
- Social housing for sale: 95 units
- Social housing for rent: 34 units
- Other allocations: 34 units (including additional housing purposes; detailed classification not fully specified in available data)
The clear division between for-sale and rental units provides flexibility and improves accessibility for different eligible groups under social housing policies.
Project Timeline
The project was implemented from January 2017 to December 2018 and completed on schedule. This reflects effective project management and strengthens buyer confidence.
Strategic Location of Thoi Binh Social Housing
The project is located in a convenient area with strong connectivity to surrounding districts in Ho Chi Minh City.
Exact Address
Thoi Binh Social Housing is located at 49/52 Au Co Street, Ward 14, District 11, Ho Chi Minh City. This is a densely populated residential area, offering convenience for daily living activities.
Boundaries and Connectivity
- Southeast side: Adjacent to Binh Thoi Street, providing easy access to key transport routes.
- Other sides: Surrounded by existing residential areas, ensuring security and access to nearby amenities.
The location in District 11 offers strong connectivity to nearby districts such as Tan Binh and Tan Phu, helping residents save travel time to workplaces, schools, hospitals, and entertainment areas.
Pricing and Affordability
As a social housing project, affordability is the key advantage of Thoi Binh, making homeownership possible for many families.
Price Range
The selling price of Thoi Binh Social Housing is approximately 30.91 million VND/m². This competitive price is significantly lower than commercial projects in District 11, making it accessible to eligible buyers under social housing policies.
The stable pricing range also reflects transparency in sales policy, helping buyers feel more confident in their financial planning.
Social Significance of the Project
Thoi Binh Social Housing is not only a residential development but also carries significant social value. It is part of the city’s broader effort to improve social welfare and sustainable urban development.
Meeting Housing Demand
With 157 apartments, the project provides housing solutions for hundreds of households in Ho Chi Minh City. The inclusion of rental units is especially important for those who are not yet financially ready to purchase a home.
Living Quality and Community
With a relatively low construction density of 40%, the project promotes an open and comfortable living environment. Despite being a social housing development, construction quality and management standards aim to ensure safety, comfort, and long-term livability.
Conclusion
Thoi Binh Social Housing is a clear example of the development of affordable housing in Ho Chi Minh City. With its prime District 11 location, reasonable scale, affordable pricing, and investment from Real Estate Joint Stock Company 11, the project serves as an ideal housing solution for families seeking stability within the city. Its success also contributes to encouraging more social housing developments, supporting sustainable urban growth in Vietnam.
