Viet Nam’s residential area per capita is expected to reach about 27sq.m by 2025 and to surge to 30sq.m by 2030, according to the draft national housing development strategy.

The National Housing Development Strategy for the 2021-2030 period sets the goal of developing and repairing more than one billion sq.m of houses, equivalent to about 11.9 million apartments.

The housing development strategy is to create conditions for everyone to have a place to live and focus on improving the quality of housing, as well as implementing the trend of green and smart housing development.

In addition, the housing development must include urban development, urban embellishment and re-construction of old apartment buildings. The housing development in the post-COVID-19 period will be implemented according to targets on sustainable real estate market development.

At the same time, the strategy will have policies focusing on housing for workers and low-income residents in urban areas, said Deputy Minister of Construction Nguyen Van Sinh.

The Ministry of Construction is collecting comments on the draft strategy. The ministry is expected to submit the draft to the Prime Minister for cons