Update news social housing
Investors who plan to participate in Viet Nam's social housing market in the future should balance selling price, construction quality and sustainability factors to succeed in the market, experts said.
Deputy PM: VND120 trillion credit package is not for 'rescue' of property market
Deputy Prime Minister Tran Hong Ha has stressed that the VND120 trillion credit package is not designed to rescue the real estate market, but aims to partly implement the plan on building 1 million social housing apartments.
VND120 trillion credit package still awaits social housing projects
No loan has been funded under the VND120 trillion credit package for the social housing development program launched one month ago, according to the State Bank of Vietnam (SBV).
More real estate developers pour money into social housing projects
At shareholders’ meetings held recently, real estate developers affirmed their priority to develop social housing and affordable residential housing, with a plan to build thousands of apartments in 2023.
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.