01 am on May 20, 2010 in Ho Chi Minh, the Steering Committee for Housing Policy and City Real Estate Market, People's Committee of Tan Binh and Compensation and Clearance Corporation was solemnly held a ceremony to start the construction of social housing projects in 19/19 Lac Long Quan, Ward 9, Tan Binh District

- Attending the Ceremony of Deputy Director of Construction Nguyen Van Danh, Vice Chairman Tan Binh Chau Van La, Director - Head of representative office in HCM City Construction Department, Vice President of Labor Union City and representatives of departments of the City

- Responding to the call of the People's Committee of Ho Chi Minh City for the housing development fund social services in HCM City until 2020, In 17/12/2008 Compensation and clearance Corporation was investment policy for social housing fund at 19/19 Lac Long Quan street, Ward 9, Tan Binh District

- Venue construction project - formerly warehouses of the Vietnam Steel Corporation is not used effectively, causing waste - was recovered under the Ministry of Finance Decision No. 2744/QD-BTC on 05/12/2008 . HCM City People's Committee on 10/02/2009 Document No.: 504/UBND-DTMT on the allocation of The Compensation Clearance Corporation project to build social housing in ground Communications No. 19/19 Lac Long Quan Street, Ward 9, Tan Binh District.

- Dated 10/11/2009, the City Building Department can decide: 177/QD-SXD-TDDA on approval of investment projects to build social housing 19/19 Lac Long Quan. HCMC People's Committee has decided on 09/12/2009 No.: 5630/QD-UBND on the recovery and allocation of land to The Compensation Clearance Corporation handle the project houses 19/19 Lac Long Quan Street, HCMC.

- With the close guidance of real estate loans and the determination of employee staff Compensation Clearance Corporation, the owner of the project, the processes such as site clearance compensation, design and approval of architectural planning, evaluation of investment projects, construction of piles and pile static load testing .. have been gearing up and completed in 2009.

- Social Housing Project 19/19 Lac Long Quan, was a special project of the City, has a total land area of the whole area is 6713.9 m2, including building area: 2930 m2 area yards of land and trees: 3783.9 m2 total building area density: 48.91%. Project 17 floors high (not including the basement floor and 02 technical), a total of 490 apartments with area from 41.2 m2 to 82.1 m2 with a population of about 1666 people.

- Total investment of the project is 499.224 billion VND (Four hundred and ninety-nine billion two hundred four million). Project implementation period is 24 months.

- The project is designed with full technical infrastructure, utilities such as the Kindergarten, shopping centers, parks and community parks, amusement parks .. to provide a living space with modern amenities and close to residential communities.

- Once completed, the project will add a large number of houses and apartments for city funds to serve the objectives of social housing in the HCMC.