At present, the rapid urbanization speeds up the urban population. Thus, in urban areas, housing demand for low-income people increasingly urgent. However, social needs have not met the real needs of people.
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Even so, the low-end segment thanks to the $ 30 trillion credit package offer low-middle-income housing opportunities. But the number of affordable housing projects, social housing is still modest compared to real needs of people.
In the past, developers have been racing to raise prices and move in the past few years, as owners have been cutting back profits and lowering their selling prices. from medium-low to the high-end segment when the market shows positive signs.
Social security is too little compared to the real demand of the market
This investment led to the excess of intermediate-level housing, but lack of social housing. This situation hinders the policy of solving housing for low-income people, and at the same time directly affects the healthy development of the real estate market. This is also one of the reasons leading to the rising bad debt of the banking system.
Consumers have difficulties in accessing loans from the VND30 trillion credit package for housing development such as conditional loans, cumbersome procedures, short support periods, high-interest rates … this package does not work.
In addition, limitations on social security are concerns about the quality and design standards are not suitable; Regulations related to the management and operation of housing are not good; quality is not guaranteed; The technical infrastructure serving people’s living needs is inadequate … resulting in the appearance of some social housing projects that have been completed, however, have not attracted the local people to stay, waste of resources.
In fact, the projects costing less than VND20million / sqm are unlikely to be invested or built in too far away areas.
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For example, the Golden Silk project with the price of VND20 – 23 million / sqm, the Eco Green project (Nguyen Xien) the price is also from VND 25 million / sqm, the project in Linh Dam area is currently traded at price is over VND 20 million/ sqm … Or as in HCM City, the rare time the project has less than VND 20 million to market.
Some real estate experts said that it is difficult to find new projects on the market at below VND20 million per square meter, most of which are priced at over VND30 million per square meter. The price is up to VND60 – 70 million/sqm.
Meanwhile, the real needs of the majority of people are still concentrated in the segment of low-cost housing, the developers of massively inflated high-end projects will make the real estate goods are unbalanced…
In this regard, Prof. Dang Hung Vo said: “In 2016, the price of real estate market increased, exceeding the affordability of many customers, when the majority of people are still home to people. low income.”
The medium and high-end segment of the market still mainly serves the main business subjects, but the demand is not much. Therefore, the state needs support to segment affordable housing to meet the needs of low-income people.
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