At the event, residents will be able to directly raise questions about application procedures, required documents, eligibility criteria and the approval process.
Over the past three decades, Việt Nam has witnessed one of the strongest real estate price increases in Southeast Asia. Việt Nam News talks with experts about the underlying causes and possible responses to cool down the overheated market.
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 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.
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 project in the Thành Hải resettlement area will include 1,155 social housing units and 197 commercial housing units, with a total investment of over VNĐ1.13 trillion (US$44.4 million).
The project is expected to be finished five months ahead of schedule, aiming to complete construction early in the third quarter of 2026, meeting the housing requirements for over 3,900 people.
Prime Minister Phạm Minh Chính chaired an online government meeting on the current development of social housing and housing for workers this morning from the capital city of Hà Nội.
In the most optimistic scenario, the market will face at least two more challenging quarters before entering a recovery phase in the second half of 2024, experts have predicted.
Hung Thinh Group has said that from this year it will collaborate with Dong Tam Group and Truong Thanh Furniture Corporation to develop affordable housing in several provinces and cities, including HCM City and Long An, Binh Duong and Dong...
HCM City authorities are seeking VND37.6 trillion (US$1.66 billion) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 per cent of the total investmentaffordable housing for workers.
HCM City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing.
The property market expects to see a wave of property developers expanding into affordable housing developments as this segment was in a severe shortage and the Government was taking steps to promote investments.