Tan Binh Apartment Social Housing Project: Affordable Living Opportunity in Tan Binh District
Tan Binh Apartment social housing project, originally developed as a commercial housing project, has been converted from 88 commercial units into 168 social housing apartments. This transformation provides affordable housing opportunities for residents in Ho Chi Minh City. The project is not only a place to live but also part of an established residential community with full amenities and convenient transportation connectivity.
Project Overview: Tan Binh Apartment
Tan Binh Apartment is a typical example of land-use conversion to meet the growing demand for social housing. Developed by Tan Binh Real Estate Investment Co., Ltd., the project aims to deliver a quality living environment at an affordable price.
Project Details
The project features a well-defined scale and structure, designed to optimize living space and internal facilities.
- Project name: Tan Binh Apartment (Social Housing)
- Developer: Tan Binh Real Estate Investment Co., Ltd.
- Location: 32 Hoang Bat Dat Street, Ward 15, Tan Binh District, Ho Chi Minh City
- Site area: 4,414 m²
- Construction area: 1,765.6 m²
- Total units: 168 apartments (converted from 88 commercial units)
- Apartment sizes: From 58.5 m² to 83.14 m²
- Structure: 2 blocks – Block 1 for commercial services and offices, Block 2 with 15 floors and 1 basement
- Building density: 43.75%
- Green park area: 72,648.4 m²
- Total floor area: 19,862.58 m²
Prime Location and Transportation Connectivity
Tan Binh Apartment is located at 32 Hoang Bat Dat Street, Ward 15, Tan Binh District, Ho Chi Minh City — an area with strong advantages in connectivity and surrounding amenities.
Location Advantages
The project benefits from excellent accessibility to key urban areas:
It is situated near Tan Son Nhat International Airport, making both domestic and international travel highly convenient. The project is located on existing asphalt roads with widths of 10m and 14m, directly connected to Truong Chinh Street, allowing easy access to the city center and neighboring districts.
Detailed Location Description
The project is precisely located at latitude 10.82419682 and longitude 106.6357651, clearly identifying its position on the map.
Internal Amenities and Surrounding Infrastructure
Located within an established residential area, Tan Binh Apartment benefits from existing infrastructure and essential services within a 1.5 km radius.
Community Amenities
- Pandora Shopping Center
- Co.opmart Thang Loi Supermarket
- Primary, secondary, and high schools
- Tan Son Nhat International Airport
Pricing Policy and Financial Support
As a social housing project, Tan Binh Apartment offers attractive pricing and financial support policies to reduce the financial burden for buyers.
Apartment Prices
Estimated selling prices range from 14.75 million to 17.2 million VND per square meter. These prices include basic interior finishing, helping buyers save on initial furnishing costs.
Included interiors: smart lock, bed, built-in wardrobe, and kitchen cabinets. Note that VAT (5%) is not included.
Bank Financing
Buyers can access bank loans of up to 80% of the apartment value with preferential interest rates. Early buyers may receive additional incentives from the developer.
Construction Progress and Handover
Construction progress is regularly updated to ensure timely delivery.
As of July 2015, the project had completed the second-floor slab. The expected handover was scheduled for Q1 2016 with fully finished apartments.
Detailed Payment Schedule
Payment is divided into flexible installments aligned with construction progress:
- Deposit: 30 million VND per unit
- Phase 1 (Sales Contract): 20%
- Phase 2 (5th floor): 10%
- Phase 3 (7th floor): 10%
- Phase 4 (9th floor): 10%
- Phase 5 (11th floor): 10%
- Phase 6 (13th floor): 10%
- Phase 7 (15th floor): 10%
- Phase 8 (Raw handover): 10%
- Phase 9 (Finished handover): 8% + 2% maintenance fee
- Phase 10 (Ownership certificate): Remaining 2%
In-Depth Analysis: Why Choose Tan Binh Apartment?
The conversion from commercial housing to social housing demonstrates the developer’s commitment to providing affordable, quality homes. The project offers not just housing but a fully developed and convenient living environment.
Reputable Developer
Developed by Tan Binh Real Estate Investment Co., Ltd., the project reflects a certain level of transparency and reliability, especially given its approval and launch as a social housing project in Ho Chi Minh City.
Diverse Apartment Options
With 168 units ranging from 58.5 m² to 83.14 m², the project meets the needs of various households, from young couples to larger families. Fully finished interiors allow residents to move in immediately without additional renovation costs.
Investment Potential
While primarily designed for residential purposes, its proximity to Tan Son Nhat Airport and major roads like Truong Chinh enhances its long-term value. The competitive price range compared to nearby commercial projects increases its attractiveness for buyers.
Conclusion
Tan Binh Apartment social housing project is a noteworthy option in Tan Binh District, Ho Chi Minh City. With its strategic location, clear planning, and strong financial support policies, it provides a valuable opportunity for homeownership. The expected timely handover further reinforces buyer confidence.
