Tan Dai Minh Investment Co., Ltd is an outstanding young enterprise that takes the lead in social housing development in Binh Dinh province. The company is building Lamer 1 and Lamer 2 projects, a move seen to affirm its investment capacity and strong growth in real estate business and create suitable products for customers. The company focuses on developing apartments and townhouses for medium and affluent customers in the province and in the region.
Tan Dai Minh social housing project 2
In order to realize the housing development plan in general and the social housing development plan in particular of the Provincial People's Committee and give a facelift to the urban outlook of Quy Nhon City, Tan Dai Minh Investment Co., Ltd was approved by the Provincial People's Committee to invest in two social housing projects: Tan Dai Minh social housing project (Lamer 1) and Tan Dai Minh social housing project 2 (Lamer 2) in Quang Trung Ward, Quy Nhon City. Nearly two years ago, the company handed over Lamer 1 to nearly 500 households. Lamer 2 with 854 apartments, now under construction, is expected to be completed and put into use in the second quarter of 2024. Since its inception, the company has targeted to build affordable social housing products with quality and services close to commercial housing in the city.
Lamer 1 and Lamer 2 are designed as well as mid-range apartments on the market with good materials, environmental friendliness and smart utilities to provide a harmonious and attractive residence for dwellers. The two projects have clear legality. In addition, the company invests in furnishing amenities for residents such as children's playgrounds, magnetic entry card system, elevators and security monitoring systems to ensure general security. Furthermore, the company also organizes games and presents gifts to children on the occasion of Mid-Autumn Festival, Children's Day and Christmas Day. That's why most apartments are bought by customers themselves, helping the company to quickly recover capital and reinvest in other projects.
Lamer 1 with synchronous infrastructure and utilities has been put into use
Mr. Nguyen Truong Vy, representative of the investor, said, “Tan Dai Minh is careful with every step of development, slowly but surely, to make customers feel this first. The sustainable success of a real estate project or an investor, most importantly, comes from the satisfaction of the residential community that owns that product. Therefore, when a customer is satisfied, they will become a free promoter who introduces products to their friends and customers. Simply put, the prestige, capacity, devotion and responsibility of the investor with the project will be deservedly recognized.”
Currently, urbanization is strong and rapid in Binh Dinh province and helps economic development. So, the demand for housing in urban areas and Quy Nhon City is huge, especially for social housing and worker housing facilities. However, the current availability of social housing does not meet the demand of low-income earners in the province. In the coming time, the company will continue to study and participate in bidding for other social housing projects, especially housing projects for workers, advocated by the Provincial People's Committee. In addition, the company studies more design options and solutions in order to create suitable and practical products for low-income earners and workers to optimize investment costs and reduce selling prices.
Customers come over to learn about the company’s products
The construction investment of social housing and worker housing by private companies is based on Decree 100/2015/ND-CP dated October 20, 2015 and Decree 49/2021/ND-CP dated April 1, 2021. In order to attract and encourage companies to invest in social housing, especially in suburbs, there is a need for credit preference policy for investment companies and home buyers: Providing sufficient finance for infrastructure construction for social housing projects as per Decree 100/2015/ND-CP and Decree 49 2021/ND-CP; investing in completing connection infrastructure systems with outside areas; and investing in social infrastructure development including schools and markets.
In addition, investors should be exempted from or granted reduced income tax. It is necessary to have policies to help manufacturing companies buy or rent housing for workers and the cost of house buying and renting is included in the fair production cost when calculating corporate income tax.
By Binh Nguyen, Vietnam Business Forum
Vietnamese
October 2024
Hanoi