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.
There were not a single social housing project in HCM City this year, and with support funds for them being limited, there is a fear the situation could continue, experts said.
To address the shortage of low-income housing, Prime Minister Nguyễn Xuân Phúc has told the Ministry of Construction to review the use and planning of urban land available for social housing nationwide and submit the results to him by September.
HCM City is home to thousands of migrant labourers working in industrial parks (IPs) and export processing zones (EPZs), but its housing projects meet only a fraction of the demand for stable accommodations.
The uptake for social housing in Hà Nội has been disappointingly low due to indifference from the intended target customers.
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.