The Demand For Social Housing Is Oversupplied

In the latest forecast of Ho Chi Minh City Real Estate Association (HoREA), the real estate market is still in the recovery and growth but not really solid.

Le Hoang Chau, Chairman of HoREA, said that the real estate market can only develop sustainably when “basically solves the housing needs of the majority of middle-income people, low-income people immigrants “.

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There are more than 10 million people in the city (202 people are expected to reach 12 million people by 2017), with more than 1.8 million households, with nearly 3 million migrants, with a population of 200,000. , civil servants and public employees, especially the education and health sectors. Plus, about 50,000 new couples each year want to rent a house, create a home, and more than 20,000 homes in slums on or near canals or in damaged condominiums.

The demand for social housing, most commercial housing is 1-2 bedroom apartment for rent

This poses a huge demand for housing improvements coupled with urban renewal. The demand for social housing, most commercial houses are 1-2 bedroom apartment for rent or sell at over 1 billion per unit always oversupply. According to HoREA, to balance the supply and demand of social housing, cheap commercial housing, requires appropriate mechanisms and policies and effective concerted efforts of the city, district, district, real estate business community and credit system.

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