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Update news social housing
HoREA has proposed allowing the Ministry of National Defense and the Ministry of Public Security to approve buyers for social housing projects, streamlining the process for military and police personnel.
Under a new government initiative, nearly 1 million affordable homes will be built, with priority given to low-income households and workers.
Under the nationwide initiative to eradicate makeshift houses, 49,322 homes have received support, including 26,630 completed and 22,692 under construction. The remainders fall under other National Target Programmes.
If a preferential home credit package is provided to young people under 35, it could create significant social security opportunities.
Amid skyrocketing apartment prices, Hanoi is expediting social housing projects across multiple districts. With thousands of affordable units on the way, will the city’s real estate market finally see relief?
The Ministry of Construction has responded to voter concerns about the high cost of social housing, detailing policies to ensure greater affordability and access.
The Ministry of Construction (MOC) says the real estate market has witnessed positive changes and overcome its toughest period, and that social housing development will see a breakthrough in the time to come.