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Update news rental housing
The Ministry of Construction said at a July 7 conference that it is stepping up efforts to expand social and rental housing in the second half of this year to improve housing affordability and support a more stable property market.
Hanoi and HCMC are moving forward with rental housing projects in an effort to create an additional path to housing security alongside the traditional homeownership model.
Ho Chi Minh City has begun construction of more than 6,200 social housing apartments, supporting the government's nationwide goal of building at least one million affordable homes.
Rental housing is now a strategic pillar and a central component of national housing policy.
It is expected that Vietnam’s housing system will be divided into four categories: commercial housing, rental housing, official residences, and policy housing.
Hanoi on Monday launched five new metro lines and three rental housing projects in a move expected to transform urban mobility and expand affordable housing options for residents.
One of the biggest barriers to the rental housing market is Vietnamese people's strong preference for homeownership. Many still view renting as a sign of instability or a lack of financial success.
The HCM City Department of Construction has proposed new guidelines for leased apartments to improve safety and generally tighten oversight.