Vinhomes to build 500,000 social housing units
Property

Vinhomes to build 500,000 social housing units

Vinhomes has set a goal of completing 500,000 social housing units over the next five years, with projects to be implemented on the periphery of major cities and provinces, including Hanoi, Ho Chi Minh City, Hai Phong, Quang Ninh, and Da Nang, among others. Each project will range from 50 to 60 ha or more and build what Vinhomes calls “Happy Homes”. This is the first “full utility” social housing model in Vietnam.
Property

Credit tightening may push up housing prices

According to analysts at the “Controlling capital into real estate - Policy and impact” seminar on May 11, if banks continue to tighten lending to real estate then real estate businesses will face difficulties and many projects will lack capital and not be implemented. The supply-demand imbalance will increase as a result, leading to an escalation in housing prices.
Property

Legal changes proposed to address issues in real estate

One of the main challenges facing Vietnam’s real estate sector is that many businesses depend on credit while there have been regulations introduced recently to tighten credit to the sector. According to Mr. Nguyen Manh Khoi, Deputy Director of the Housing and Real Estate Market Management Department at the Ministry of Construction (MoC), when capital access is tightened, real estate is affected. Under a proposal from the MoC, the government will submit amendments to the Land Law, the Law on Housing, and the Law on Real Estate Business to the National Assembly, to open up development.