“The National Housing Fund should not only focus on social housing (for low-income groups) but also support housing for lower-middle-income earners. For the fund to operate effectively and sustainably, it needs a flexible and transparent capital mobilization mechanism and a well-structured operational model,” said To Anh Hung, real estate expert and CEO of A-City, in an interview with The Saigon Times. Addressing the challenges of social housing The Saigon Times: Vietnam is currently weighing establishing a National Housing Fund to develop affordable homes in major cities. What is your view? Beyond its significant and commendable social implications, will the establishment and operation of this fund help stabilize the real estate market from a market perspective? To Anh Hung: In major cities, particularly Hanoi and HCMC, where commercial housing prices are far beyond the reach of most citizens while the supply of social housing is limited, this is a very positive initiative. If this fund is established and operates transparently, fairly, with clear objectives, in line with market principles and global practices, it will help reduce speculative activities and the pressure from high commercial housing prices. The National Housing Fund will create a supply of affordable and stable housing options, giving […]
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