Social housing supply in HCMC meets about 20 percent of workers’ demands
So far, the number of social housing apartments in Ho Chi Minh City only meets about 20 percent of the demand among low-income workers.
Voters petition against complex formalities to help worker access social housing
Voters of District 12 suggested that authorities consider removing cumbersome procedures so that low-income workers can access social housing projects.
No social housing project investor accesses preferential loans
From 2016 to now, no social housing project investor has been able to access preferential loans.
HCMC reviews large-scale land funds for social housing projects construction
The Ho Chi Minh City Department of Construction has just said that the whole city has 33 commercial housing projects extending 20 percent of the land fund for building social housing projects with around 70,000 apartments.
Lengthy delays in social housing projects
For the last several years, authorities in Ho Chi Minh City have been discussing social housing projects and affordable housing schemes for low-income workers.
Social housing projects gain traction as giant developers step in
Social housing projects that developers were hesitant to invest in due to capped profit suddenly gained traction as giant developers recently announced plans to step into the segment.
HCMC needs over US$3 bln for housing development
The People’s Committee of Ho Chi Minh City has just reported to the Ministry of Construction on implementing the housing policy and real estate market in 2022.
HCMC accelerates social housing projects
After the struggle with the Covid-19 pandemic for a long time, Ho Chi Minh City authorities have realized many shortcomings in housing development for workers, employees, and people with low incomes. Therefore, for the stage of social-economic recovery and development, the southern metropolis has promoted the construction of social housing projects, accommodation houses, and resettlement houses to accelerate social housing projects to help immigrant workers access better living conditions.
HCMC strives to materialize social housing projects, remove houses along canals
Ho Chi Minh City is required to urgently remove obstacles to step-by-step materialize social housing projects and remove temporary houses along canals, said Secretary of the Ho Chi Minh City Party Committee Nguyen Van Nen at the 13th meeting of the Executive Committee of the Ho Chi Minh City Party Committee of the 2020-2025 tenure on April 27.
HCMC to start massive social housing projects at end of April
The Ho Chi Minh City Department of Construction has just submitted to the Municipal People's Committee a plan of organizing the ground-breaking ceremonies of social housing projects and notifying the finished projects to celebrate the 47th anniversary of the liberation of the South and national reunification (April 30) and May Day.
HCMC proposed to consider speeding up investment procedures for housing projects
The Department of Construction of Ho Chi Minh City has just submitted a proposal to the municipal People's Committee asking for direction and consideration to solve problems in construction investment procedures for housing projects in 2022.
HCMC seeks $1.66b to build affordable housing for workers
Ho Chi Minh City authorities are seeking VND37.6 trillion (US$1.66 billion) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 percent of the total investment, according to the Department of Construction.
HCMC targets to build social housing for low-income people
During the Covid-19 pandemic, shanties and boarding houses in slums are the places where the disease is most contagious ever. If the living conditions become better, people can cope with the pandemic more effectively, minimizing loss of life.
Social housing projects wait for capital
Social housing demand is currently very high but supply is limited due to a shortage of incentive policies and funds allocation for implementing preferential housing loans, which have hindered project development for the last past.
Real estate supply drops
According to the Department of Construction of Ho Chi Minh City, from the beginning of last year to now, it has verified 42 projects that are eligible to raise capital for future products of 23,046 houses, including 21,821 apartments, 883 houses and 342 villas, worth more than VND56.25 trillion.
HCMC puts 14 social housing projects into operation
Ho Chi Minh City has built and put into use 14 social housing projects including 10,255 apartments in the area of 15.8 hectare from 2016 to June, 2019.
Social housing loan interest rate maintains at 5 percent
Preferential loan interest rate remains unchanged at 5 percent for purchase, hire or lease purchase of social housing projects in 2019 as per Vietnamese Prime Minister’s decision 225/QD-TTg, which took effect from the beginning of this year.
Capital shortage hinders social housing projects
The social housing development program has achieved 30 percent of the goal of the national housing providing strategies because of a capital shortage, said the Ministry of Construction.