social housing

Update news social housing

At least a million social houses to be built by 2030

Under a new initiative approved by Deputy Prime Minister Tran Hong Ha, at least one million homes will be built for low-income and industrial park workers by 2030.

VND120-trillion package for social housing sees few takers

Though things are ready for the rollout of a soft loan package worth VND120 trillion, disbursement has been far slower than expected as there are almost no takers, said banks.

Low-income people hard to buy social housing apartments now

Van Hung, 40, a security guard living in Hanoi, has not been able to buy a social housing apartment despite three months of trying.

More than a million low-income homes to be built by 2030

By 2030, the total number of completed dwellings in localities will reach about 1,062,200. Of these, about 428,000 will be completed by 2025 and 634,200 by 2030.

VN central bank starts huge credit package for social housing projects

Developers of social housing projects buyers of this kind of houses are entitled to benefit from a credit package worth 120 trillion VND (5.1 billion USD) which was started by the State Bank of Vietnam (SBV) earlier this month.

PM okays plan to build 1 million apartments for VN low income earners

The Prime Minister has approved a plan to build more than a million apartments for low income earners in urban areas and workers in industrial parks nationwide for 2021-2030.

Real estate market bottoms out, better performance is expected

The government has done what it can do to help warm up the real estate market. However, realtors have to also take action by slashing selling prices and accepting lower profits, analysts say.

High-end real estate developers advised to develop social housing

Realtors who specialize in high-end real estate projects should think of adding social housing projects to their business strategies, because the projects ensure sustainability and stability for them.

Attraction some way off for social housing

The lack of affordable social housing has raised whether foreign developers should be allowed to invest in this segment in Vietnam.

Credit package to provide VND120 trillion for social housing investors, buyers

The Government has decided to implement a low-interest credit package of about VND120 trillion for social housing development.

Nearly 1,900 real estate firms leave market: report

In the first two months of the year, 1,895 real estate units left the market, according to the General Statistics Office (GSO).

Real estate market cools, no signs of warming up in 2023

Sellers cannot sell products and take back their investment capital; many people can't buy because of limited financial capability; and the state has failed to collect tax and land-use fees. Such is the current state of the property market.

VND110-trillion package for social housing withdrawn

The Ministry of Construction has backed off from the VND110-trillion credit package for banks to lend on to developers and buyers of social housing.

Vietnam's real estate market ponders how to get out of slump

A shortage of affordable housing products, a high number of outstanding loans, and many bankrupt real estate firms are some of the problems mentioned at the recent national conference on the Vietnamese real estate market.

Hanoi to spend US$18.35 billion on housing market till 2025

Capital city Hanoi is projected to spend US$18.35 billion from now until 2025 on housing infrastructure, according to a development plan recently approved by the city’s People Committee.

Construction Ministry wants target for social homes reduced

The Ministry of Construction has proposed the prime minister lower the target of building social homes for workers and low-income people to just over one million in 2021-2030.

Many Vietnamese need savings of at least 50 years to buy a house

With an average monthly income of VND7.5 million, Vietnamese need to save money for 50 years to be able to buy an apartment with two bedrooms.

Should Vietnam rescue the real estate market?

While many experts have called for action to rescue the real estate market, others believe that it is necessary to be cautious when pumping more money into the market.

No affordable housing exists in market, high-end products dominate

In July 2022, Nguyen Thanh Cuong, 34, completed the purchase of an apartment at Flora Fuji project developed by Nam Long Real Estate. The 65 sq m apartment with two bedrooms sold for VND2.5 billion.

VN to focus on promoting housing development for low-income earners

The Government will create a project on housing development, especially for low-income earners, to tackle the supply crunch in the real estate market.