With housing prices continuing to outpace incomes, rental housing is emerging as an increasingly important pillar of Việt Nam''s housing policy, offering a more realistic path to stable accommodation for millions of people.
Authorities have approved two more residential developments for foreign buyers as part of efforts to improve market liquidity and strengthen investor confidence.
Hà Nội has proposed a new regulatory framework allowing the conversion between social housing, commercial housing and resettlement housing projects in an effort to improve the use of underutilised housing stock and respond more flexibly to market demand.
At the local level, 13 provinces and cities have completed the establishment of funds and are seeking approval from provincial people’s councils for additional capital allocations, the report said.
Under a draft amendment to the Law on Housing 2023 now open for public consultation, social housing owners would only be permitted to resell to buyers who meet the eligibility criteria for social housing support.
Deputy Minister of Construction Nguyễn Văn Sinh said upcoming social housing projects will be placed in ''green line'' for administrative procedures which allows the parallel implementation of multiple procedures in order to reduce processing time and compliance costs for developers...
Prime Minister Phạm Minh Chính has called for new policies to increase housing supply and improve access for middle-income earners, as rising prices push home ownership beyond the reach of many households ineligible for social housing.
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.