Demand for low-priced social houses and houses for long-term rent was high but incentive policies have not yet encouraged investors.
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.
Many businesses in the country have invested in these property products, despite the lack of a specific legal framework for condotels, officetels and resort villas.
The HCM City Real Estate Association (HoREA) has asked the National Assembly to approve a proposal which would give buyers of apartments more time to pay maintenance fees.
More foreigners are buying apartments and investing in real estate in Việt Nam, especially in HCM City, with most of them coming from mainland China, Japan, Singapore and South Korea.