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Wednesday, January 22, 2025

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What to expect from NA’s social housing review

Three decisive factors for the successful development of social homes are low-cost funding, conducive policy, and simple and transparent paperwork. Will the National Assembly’s (NA) supreme review on social housing development in 2024 bring on these three factors? NA set to work with eight ministries and 12 localities “The implementation of policies and laws on real estate market management and social housing development from 2015 to the end of 2023” is one of the two supreme topics which the National Assembly will review in 2024. Regarding social housing, the review aims to objectively and comprehensively evaluate the situation and results of policy and law implementation on social housing development from 2015 to late 2023. This includes identifying achievements, limitations and causes, learning from experiences gained, and proposing solutions to improve policies and laws on social housing. The NA team will focus on issues such as social housing development programs and plans, target groups and eligibility conditions, land availability, funding sources for social housing construction, project implementation (including investment procedures), types and standards of social homes, pricing and principles for renting, rent-to-own, and selling social homes, and management and operation of social homes. Between the end of April and the end […]
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Only 0.3% of social home loan package disbursed

HCMC - Despite its launch a year ago, the VND125-trillion soft loan package for social housing has seen a woefully low disbursement rate, with...

Uncertainty prevails over commercial housing development

The Government is expected to propose the National Assembly issue a resolution allowing for a pilot scheme in which commercial housing projects can engage...

Vinhomes steps up social housing construction

HCMC - Vinhomes JSC (HOSE: VHM) is stepping up social housing construction to meet the high demand and boost its revenue this year, as...

A boost to social housing supply?

The revised Housing Law provides conductive mechanisms and policies for social housing development, potentially improving supply and demand. But its real-world implications remain uncertain. Favorable...

PM urges faster social housing project approval process

HCMC - Prime Minister Pham Minh Chinh has called for action to streamline the approval process and lower interest rates for social housing projects. At...

Challenges for housing developers

The legal framework for real estate transactions and the real estate market is shaped by four important laws, including the Civil Code, Land Law,...

HCMC to develop 35,000 social homes by 2025

HCMC - The HCMC Department of Construction has said that it will work with relevant units to develop 35,000 social housing units in the...

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