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.
Under a draft solution, three key mechanisms are raised, including restricting loans for buyers of second home or more, reserving at least 30 per cent of housing projects for affordable homes and requiring real estate transactions to be conducted through...
Despite constant efforts to remove bottlenecks and accelerate real estate developments, housing prices in some areas have continued surging and become unaffordable to many, partly due to speculation and supply shortage.
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.
