📋 Tender Overview
Sharing at the Central Steering Committee meeting on housing policies and real estate markets taking place on the afternoon of September 22, Mr. Nguyen Van Khoi, Chairman of Vietnam Real Estate Association shared many solutions to remove the knots so that low -income people can buy houses. Low -income families are becoming one of Vietnams major challenges. Millions of people are looking forward to having a stable roof, while the real estate market often focuses on the commercial and high -end segment. Before that, the Government has launched many directions, resolutions and policies to remove difficulties for the market, and encourage social housing development. However, the big question is: How do these policies come into practice, turn into specific apartments with appropriate prices and reach the right object? In recent times, the real estate market has a positive recovery signal. Many social housing projects have been started, some products have been sold and put into operation. This shows the attention of the Party, the State, the Government and the efforts from localities and businesses. In parallel, the field of industrial real estate also maintains a stable growth, contributing to strengthening the belief that the market is still motivated to develop. Remove the knots for low -income people to touch the dream to buy a home. Illustrative image source: Ho Chi Minh City Womens Newspaper to buy peoples houses is very large, according to Mr. Nguyen Van Khoi, Chairman of Vietnam Real Estate Association, at present, the real estate market is clearly revealing the imbalance of supply - demand, creating great challenges for both businesses and people. Data of the Ministry of Construction stated, in the second quarter of II-2025, the whole country had 58 new projects licensed with more than 16,600 units, but the inventory was still at a high level of about 25,000 units/floor. The price of apartments in Hanoi and Ho Chi Minh City increased sharply, reaching 50 million VND/m2 respectively, with a project of nearly VND 90 million/m2, far exceeding the payment capacity of the majority of people. Meanwhile, the supply of social housing, although more than 9,500 units in the second quarter have not met the needs. Through the data shows that, while a series of commercial housing projects, especially in the high -end segment, falls into inventory due to lack of purchasing power, social housing and medium segment housing are scarce. This not only reflects the phase deviation in the structure of real estate products but also makes the demand for the majority of people difficult to meet. One of the most concerned issues is the ability to access houses. Mr. Nguyen Van Khoi, Chairman of Vietnam Real Estate Association, analyzed: With an average income of about VND 15 million/month, some households may consider buying a home. However, with the current popular income, only about 10 million VND/month, the dream of owning a house is almost out of reach. The big difference between income and house prices makes many people forced to extend the rental time, while the desire to stabilize the life is increasingly urgent. This long -term loan becomes a significant burden, directly affecting the quality of life and accumulation of people.The main bottlenecks shared at the meeting, Mr. Nguyen Van Khoi pointed out the bottlenecks that are actually happening. First, in terms of management and allocation of land fund, according to Mr. Khoi, the land is the most important regulatory tool. The localities are the unit that directly decides the allocation of land funds for social housing. If there is a lack of land fund and no incentives on infrastructure in social housing projects, the price of apartments will be pushed up, creating a great gap with workers income, so the provinces and cities need to specify the targets of land fund, m2 of floor, number of apartments for social housing in urban development plans, and apply the mechanism to support infrastructure in the project and priority to the social housing fund. Currently, the lending interest rate for businesses is about 6.4%/year, which is considered relatively appropriate. However, the loan term is too short, putting great pressure on businesses when implementing long -term projects. Therefore, it is possible to consider the loan term of over 10 years. For home buyers, the current interest rate is still high, making the debt repayment lasted for decades. Therefore, the solution proposed by many experts is to reduce the interest rate of social housing loans to about 4%/year and extend the loan term. If commercial banks have difficulty providing preferential interest rates, the local budget can participate in part of the interest rate support to reduce the burden on the people. Thirdly, in terms of materials and price transparency. Mr. Khoi affirmed that the price of construction materials fluctuated strongly in the yearsM recently, directly affecting the project costs. Facing this situation, the provincial local authorities announced and updated the raw price of construction materials periodically, every 3 months, and quickly adjusted in the fluctuations. This helps businesses make more accurate estimates, avoid capital teams, ensure progress. In fact, the mechanisms mainly focus on social housing and high -class housing. Meanwhile, the average segment - housing is suitable for the income group of about 15 million VND/month, lack of mechanisms will lead to the market continued to be unbalanced, ignoring a large group of workers with average income but not eligible to access social housing. The V8 Building of social housing projects arranged for workers in the industrial park in Dong Tien commune, Bac Ninh province, the immediate, medium and long -term solutions for the land fund are the solution that Mr. Khoi thinks that it is necessary to implement clearly and first. The locality needs to concretize the targets of the land fund, m2 of floor, the number of apartm
