“Investigated and researched on new real estate ,reported to the Prime Minister and suggested solutions, while actively coordinating with relevant ministries to study the amendment Additional standards and standards related to these types of real estate “said the report of the Ministry of Construction.
Need to control the condotel supply
The Ministry of Construction has just released the report “The performance of the task in 2017 and the vision and tasks of the construction sector in 2018”.
In this report, the statistics of 16 coastal provinces and cities having large scale tourism projects, the Ministry of Construction said that by July 2017, there were 77 projects with 16,437 rooms hotel, 11,174 villas, 12,056 condoltel apartments have been invested.
Of these, 4,792 / 16,537 hotel rooms were sold, 1,484 / 11,174 sold villas; 883 villas and 847 hotel apartments have been built not yet sold.
“The reality shows that the supply of this type of real estate is very much, there should be measures to control the supply of these types of real estate in the coming time,” the Ministry of Construction said
Outstanding real estate loans were about VND447 trillion
According to the Ministry of Construction, by the end of 2017, the total number of real estate projects under development is 3,077 with investment capital of VND3.3 trillion, using 79,943 hectares of land.
Total real estate loan to Q3 / 2017 is about VND447 trillion, accounting for 6-8% of total outstanding loans and staying at the safe level. The structure of credit and standards of real estate business loans are tighter.
The average area of housing in the whole country by 2017 is about 23.4 sqm / person, increasing 0.6 m2 compared to 2016. In 2017, about 0.19 million sqm of communal house In urban areas, the total area of social housing in urban areas is approximately 3.49 million m2.
In 2017, five more social housing projects for low-income workers and industrial workers were completed, with a scale of about 1,225; 16 projects are under construction with the scale of about 5,200 apartments.
In addition, there are 89/95 student housing projects completed and put into use, housing accommodation for approximately 220,000 students. In 2017 completed a project, housing accommodation for 20,000 students; Six projects are in the finalization phase. The number of students and pupils who have been arranged to live at the average rate of about 83%.
Ministry of Construction has organized a inspection team to renovate, rebuild old apartment in Hanoi, Ho Chi Minh City and some localities throughout the country.
Currently, there are about 2,500 blocks of old condominiums (more than 3,000,000 m2) built before 1994, of which over 600 houses are damaged or dangerous. However, the renovation, rebuilding of the old apartment was very slow. The Ministry of Construction has made a summary report on the above situation, clearly stating the causes and proposing solutions to the problems.
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