Social Housing Buyers Can Reach A Package Of VND 2000 Billion This Year

The package of VND 2,000 billion for social housing development has been approved by the National Assembly. The Ministry of Construction is proposing that the Social Policy Bank urgently accept the source of funds and implement this year.

Deputy Minister of Construction Mr. Le Quang Hung said that the Ministry is proposing that the Social Policy Bank urgently accept social housing support funds and implement this year.

According to Hung, in the second quarter of 2017, the country has completed the construction of 184 social housing projects, with the scale of 72,000 apartments. Localities are continuing to implement 195 projects, with the scale of building 165,000 apartments.

According to the Ministry of Construction, real estate supply and demand unbalance still occurs in some segments. In particular, the supply of social housing, low-priced commercial housing is much short of demand. The implementation of some social housing development programs is still behind schedule.

Read more: Vietnam Real Estate News

Currently, the Ministry of Construction is coordinating with ministries, sectors, and localities to remove difficulties in allocating state budget to implement key social housing programs. In particular, to remove administrative procedures, support businesses to borrow money to encourage and mobilize resources for social housing development.

The package of VND 2,000 billion social housing development package is expected to be available this year

For the package of VND 2,000 billion to support the development of social housing has just been approved by the National Assembly, the Ministry of Construction proposed the Social Policy Bank urgently receive the capital, immediately deploy the lending this year.

Localities review housing projects invested by the state budget, including housing projects for students to convert to social housing projects in the form of socialization.

Deputy Minister of Construction Mr. Le Quang Hung said that not using the student housing has been built will be very waste. Therefore, localities have proposed and the Ministry of Construction agreed to convert some projects into social housing.

HCMC will have about 20,000 social housing

The demand for social housing in Ho Chi Minh City is huge and varied. According to the survey of demand for buying, renting and buying houses in the period 2016-2020, more than 80,000 households have registered for social housing. Include poor, near poor, labor in industrial zones, households with meritorious services, families of policy, cadres, civil servants .. Leasing houses are still the most preferred form.

To meet the demand for social housing, the People’s Committee of HCMC has issued a plan for development and management of social housing in the period 2016-2020 by the end of July 2017. Accordingly, in the period of 2017 – 2020, to focus on building 37 projects with the scale of about 43,624 apartments. Strive to complete and put into use 29 projects with a total land area of 46.69 ha, scale 19,436 apartments.

In 2016, the city has completed and put into operation two projects, with the scale of 1,260 apartments. In the period 2016-2020, the city has developed 39 projects with a total of 44,884 units.

In terms of investment in building worker accommodation, 2017-2020 is expected to complete eight housing projects with a total area of 18.60 hectares and a size of 4,962 rooms, which will cover 31,180 residences. ring. In 2016, a total of 4,65 hectares of 765 rooms were completed and put into operation, covering 4,600 residences for workers.

In 2017 started construction of a student dormitory project, the total floor area of about 4,000 sqm, meeting about 250 seats for students. From 2018 to 2020, continue to invite businesses to invest in the construction of student dormitories to meet an additional 3,250 accommodation.

Diversify area, price, object

To implement this goal, HCM City will diversify products, the type of housing in society. Specifically, to diversify the service subjects, invest in the construction of various types of social houses for sale, lease or hire-purchase suitable to the subjects of people with meritorious services to the revolution, low-income people, and poor households. Workers working in enterprises inside and outside industrial parks – export processing zones, officers, non-commissioned officers, professional soldiers, workers of police and army units, rolling Civil servants, civil servants, households.

The social housing  will be more diverse area

Ho Chi Minh city diversified area, investment in building social housing, workers accommodation, student dormitory area from 25 sqm to 35 sqm for rent. The apartments in the social house have 1 bedroom, 2 bedrooms with an area of 25sqm – 77 sqm for sale, lease, hire purchase objects social house.

In addition, the city will also diversify in price, invest in the construction of social housing with a variety of prices, from VND 300 million to about VND 1 billion to match the solvency of the subjects.

In addition, a variety of locations, investment in the construction of social housing for rent in industrial parks – export processing zones or near these areas to serve workers. Invest in the construction of student dormitories near universities, colleges, and professional secondary schools. To invest in the construction of social houses in district-level districts for sale, lease or hire-purchase for the subjects who are living and working in their respective localities between their places of residence and workplaces.

You are reading the article “Social Housing Buyers Can Reach A Package Of VND 2000 Billion This Year” in the section “Real Estate News” on the website: https://realestatevietnam.com.vn/
All information sharing, feedback please email to contact.vietnamrealestate@gmail.com, Hotline (+84) 898 898 688 (24/7).
Thank you for visiting our website!