Social housing has never been as cheap as it is today!

(NLDO) - The price of social housing is currently only 50% of that of commercial housing. Saving 5-7 million VND per month can help you have your dream home.

On November 17, within the framework of the event "For 1 million Vietnamese families", a discussion took place on "Owning social housing from dream to reality".

Participating in the discussion, Mr. Huynh Vu Quoc Phuong, Deputy Head of the Government Office , affirmed that the Government is very interested in developing social housing.

The Government 's Decision 338 clearly stated the goal of developing 1 million social housing units in the 2021-2030 period. Many mechanisms and policies have been implemented, facilitating the participation of businesses as well as increasing access for workers and laborers.

Speakers participating in the discussion

Mr. Nguyen Thanh Ngoc, Chairman of Tay Ninh Provincial People's Committee, said that the Government has removed many obstacles for investors participating in social housing; many localities have also implemented projects.

However, according to Mr. Ngoc, there should be policies on buying, selling, leasing, and hire-purchase, because workers and laborers often move to work, and then they have to transfer for work convenience. Allowing transfer of ownership will optimize housing products for low-income people...

Dr. Truong Anh Tuan - Chairman of Hoang Quan Group, acknowledged that the state's policy mechanism has never been as open and liberal towards social housing as it is today. Regarding the mechanism, from the Law to the Decree, the Resolution has created many favorable conditions for investors and buyers.

The current commercial housing loan interest rate is 6.6%, but compared to inflation, it is not high. As for investors, the profit margin is limited to only 10%, so the selling price is very good.

According to Mr. Tuan, if the location and construction quality are the same, the price of social housing is currently only 50% of that of commercial housing. Social housing has never been as cheap as it is now, saving 5-7 million VND per month can get you the house of your dreams.

Dr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, said that the five important factors for successful social housing development are land fund, procedures, capital, mechanism and output. Currently, the mechanism has been opened, the procedures have been drastically reduced, and there is no longer overlap as before. Capital has also been provided by the state with a package of 140,000 billion VND and many banks have participated.

Dr. Can Van Luc - Economic Expert, Member of the National Financial and Monetary Policy Advisory Council, said that in order to complete the target of 1 million social housing units soon, the joint efforts of 4 parties are needed. In particular, the state needs to complete the planning of land funds and infrastructure soon. Localities must determine the needs of low-income people and workers to call for investors to participate.

For banks, we must actively support investors and buyers to access capital and preferential interest rates. As for investors, we must proactively work with localities to survey customer needs and quickly implement, hand over good houses, maintain and provide warranties for buyers...

According to Mr. Dao Anh Tuan, Director of Tay Ninh Social Policy Bank, the province has agreed to direct all levels to implement to identify the subjects, just need to be correct, enough for the bank to disburse. Up to now, Tay Ninh has only 1 social housing project invested by Hoang Quan with 48 borrowers, the loan value is very low. The capital source is also lacking, so Tay Ninh Social Policy Bank will propose the province to allocate from the local entrusted capital source to lend for social housing.

Source: https://nld.com.vn/chua-bao-gio-nha-o-xa-hoi-gia-re-nhu-hien-nay-19624111714453315.htm