As property prices in Hanoi and HCMC soar, for many residents, owning a home is becoming impossible. Experts say addressing the gap requires expanding supply in undersupplied segments, improving infrastructure, and diversifying financing options. Social housing still out of reach Social housing remains priced between VND15–25 million per square meter, but supply is limited. Land prices in Hanoi City generally range from VND60–100 million per square meter, while HCMC sees VND60–120 million per square meter, and some areas reach VND200 million per square meter. Even with cheaper options, many workers cannot afford homes. For a 50-square-meter social housing unit, buyers would spend VND750 million to VND1.25 billion. “With monthly income of around VND10 million, the dream of homeownership is nearly out of reach”, said Nguyen Van Khoi, chairman of the Vietnam Real Estate Association. According to Khoi, with current income levels, families would need over 20 years to repay a mortgage if they take out a loan. Long-term loans also pose a significant burden, affecting the quality of life and the ability to save. Nguyen Van Dinh, chairman of the Vietnam Real Estate Brokerage Association, added that investment capital still drives the market more than end-user demand. Investment demand has […]