A conference on real estate market development aimed to discuss businesses’ difficulties in terms of the State's policies on the real estate market, as well as solutions to aid the market’s stable and sustainable development.
Hà Nội’s property market will have more supply of social housing products for low-income people by 2020 in order to address the paucity of those products on the market combined with the over-supply of commercial houses.
Housing prices in Việt Nam lack stability and are inflated beyond most citizens’ ability to afford them, according to the Ministry of Construction’s report submitted to the 14th National Assembly.
For years, social housing has been a hot issue in Việt Nam. Living in decent, affordable housing in a reasonable location is one of the most important goals for all Vietnamese people.
The Ministry of Construction has sent a document to the Prime Minister proposing to supplement a loan package worth VNĐ3 trillion (US$132 million) to resolve difficulties in social housing projects.
Deputy Minister of Construction Lê Quang Hùng said 2017 has been a breakthrough year for the construction industry as it has met or surpassed almost all development targets.
The State Bank of Việt Nam (SBV) has decided to set preferential loan interest rate at five per cent for purchase, rent or hire of social housing projects in 2018.
HCM City Real Estate Association has proposed the State Bank of Việt Nam should raise a stimulus package similar to its previous VNĐ30 trillion (US$1.3 billion) preferential home loan package.
Home sales have slowed down significantly in September due to Vietnamese’s psychology of avoiding buying property assets in July of the Lunar Calendar also called the Month of Lonely Spirits.