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Incentives seek to attract rental housing investors

Update: April, 13/2013 - 08:44

HA NOI (VNS)— Investors in rental accommodation projects might be offered a corporation income tax rate of 10 per cent, instead of the current 20 per cent and bank loans of up to 70 per cent of the total capital of the projects. The rental units could be put up for sale after five years.

Rental prices of such projects for workers in industrial zones would reach a maximum of VND35,000 (US$1.70) per square metre per month and those in urban zones VND65,000 ($3.10).-VNS

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