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Update news housing prices
Though housing market activity remains tepid, people increasingly find the cost unaffordable.
Optimism rose among urban dwellers early this year as several medium and large-sized businesses revealed plans to build affordable housing projects.
The Government’s focus on infrastructure development and the involvement of major property developers from the South would make the market more attractive.
VietNamNet Bridge – Housing prices in Viet Nam are still too high in comparison with people's average income, said Tran Ngoc Quang, general secretary of the Viet Nam Real-Estate Association.
VietNamNet Bridge – The construction ministry will focus on housing development this year, especially social housing projects, said Minister Trinh Dinh Dung at a recent meeting.