📋 Tender Overview
In the case of buying a second house, the loan limit is not more than 50% of the value of the house purchase contract. In case of buying a 3rd house or more, a loan limit of no more than 30% of the value of the house sale contract will be applied. To reduce house prices, the Ministry of Construction proposed 3 control mechanisms, notably the solution to limit loans when buying a second house or more. The Department of Housing and Real Estate Market Management (Ministry of Construction) said that the Ministry is collecting comments from 5 ministries and branches on the content of the Governments draft Resolution on the mechanism to control and restrain real estate prices. To reduce house prices, the Ministry of Construction proposed three control mechanisms, notably the solution to limit lending when buying a second or more home. The next two proposals are to set aside at least 20% of housing projects to make affordable houses and transact through the State-managed exchange. Loans to buy a second home are only at 50%. Accordingly, the Ministry of Construction proposes 3 mechanisms to control and restrain real estate prices in the future. With the lending policy for home buyers, the Ministry of Construction proposes that the Government require credit institutions operating in Vietnam to apply lending limits to housing buyers. housing loans, except for social housing. RELATED NEWS Specifically, in the case of buying a second house, the loan limit is not more than 50% of the value of the house sale contract. In the case of buying a third house or more, a loan limit of no more than 30% of the value of the house purchase contract will be applied. In addition, to make real estate transactions transparent and limit speculation, the Ministry of Construction proposes that real estate transactions must be carried out through the Real Estate and Land Use Rights Transaction Center established and managed by the State. The Real Estate Transaction Center will be the connection point in the electronic environment between relevant agencies and organizations in the perform Real estate transactions, with the function of organizing, monitoring and authenticating real estate transactions, including purchase, sale, transfer, and lease purchase. Arrange land funds to build commercial housing at appropriate prices. To control and restrain real estate prices in the coming time, the Ministry of Construction proposes that the Government regulate the Peoples Committees of provinces and cities depending on the actual situation of the locality to reserve at least 30% of the total number of commercial housing construction projects expected to be developed in the period. 2026 - 2030 to build commercial housing at affordable prices. Also according to the Governments draft Resolution, commercial housing projects at affordable prices are subject to the following specific policy mechanisms: Selecting project investors without auction or bidding. The order and procedures for selecting project investors are similar to selecting investors for social housing projects. Calculate land use fees and land rent of the project according to the land price list and land price adjustment coefficient according to the provisions of land law. In case the land price list has not been issued for uniform application, the Provincial Peoples Committee decides the price to calculate land use fees and land rent for each specific project. Commercial housing projects at appropriate prices also enjoy a maximum profit of 2% of the total project construction investment capital (including land use fees and land rent of the project). The method of determining the selling price and rental purchase price of housing is applied similarly to determining the selling price and rental price of housing. commune festival. Commercial housing projects at affordable prices do not have to allocate land funds to build social housing within the project scope. Housing buyers in commercial housing projects at affordable prices are not allowed to transfer housing purchase and sale or lease purchase contracts according to the provisions of real estate business law. For commercial housing construction projects that have had investment policies approved, or choose an investor according to the provisions of law but wish to adjust the investment goal to a housing construction project. love If the price is suitable, the competent State agency or the investor shall adjust the project investment policy according to the provisions of investment law. Previously, speaking at the conclusion of the September Government Conference with localities held on October 5, Prime Minister Pham Minh Chinh said that the real estate market situation has gradually improved but there are still many difficulties and obstacles, and housing prices are high. The Prime Minister requested to strengthen management, direction and control of high house and land prices. Phan Trang
