HCM City aims to have 199,400 social housing units by 2028, two years ahead of the target set by the Government, according to information released at a conference held on December 18.
Those projects mark an important step toward improving regional connectivity and promoting socio-economic development in both the locality and neighbouring regions.
Under the Government’s plan to develop at least one million social housing units nationwide during the 2022-30 period, Bắc Ninh has been assigned a target of approximately 147,100 units.
Across the country, overall housing supply has been rising, but the share of affordable homes remains critically low. Experts are urging goverment regulations to control real estate prices to be carefully designed to ensure feasibility and avoid further market distortions.
The Ministry of Public Security is inviting investors to develop a social housing project worth nearly VNĐ1.1 trillion (US$43 million) for police officers and personnel in HCM City, as the southern metropolis struggles to meet its ambitious housing goals.
The programme has become an important credit resource, helping tens of thousands of households, workers, and low-income workers to have conditions to settle down and stabilise their lives.
The proposed developers include Vingroup, Sun Group, Viglacera, HUD, HANCORP, Becamex IDC, Vinaconex, Nam Long, Đức Mạnh, TasecoLand, Cát Tường and Thủ Đô JSC, among others.
Prime Minister Phạm Minh Chính advocated for policies to boost supply and balance demand through market mechanisms, while identifying institutional and policy barriers that stifle progress.
Individuals who already own a home but live far from their workplace may now be considered for social housing benefits in HCM City, provided they belong to the eligible groups.
The Ministry of Construction has proposed raising the income cap for individuals eligible to purchase homes at social housing projects from VNĐ15 million to VNĐ20 million.
The Ministry of Construction has announced a sweeping reform to accelerate the development of social housing schemes, aiming to reduce construction-related administrative procedures by at least 350 days.
A new draft resolution proposes some special elements such as establishing a national social housing fund from the State Budget and other sources, exempting such housing from investment policy approval and allowing investors to enjoy a maximum profit of 13 per cent...
