Civil servant worked for 26 years to buy an apartment

Recently, the real estate market in Ho Chi Minh City has recorded an increase in supply, but housing prices have not decreased. According to the latest survey from market research company DKRA Vietnam, the apartment segment in Ho Chi Minh City and surrounding areas in the first 8 months of 2025, the supply has improved, accompanied by a high primary selling price of 12-18% compared to the same period last year. From the buyers' side, it is noted that investment buyers account for a larger proportion than home buyers, accounting for 70% - 80% of the sales volume.

Mr. Vo Hong Thang - Investment Director of DKRA Group said: "Prices are increasing, the proportion of investors is large, clearly the opportunity for young people, those with real housing needs to access housing will be more difficult."

Given the above situation, many experts positively evaluate the Prime Minister ’s message, aiming to solve housing difficulties in large cities such as Ho Chi Minh City. Accordingly, curbing the increase in housing prices can only be done through policy tools such as planning, taxes and administrative procedures.

Dr. Su Ngoc Khuong - Senior Director of Savills Vietnam shared: "If we have plans and ensure land funds, this is an extremely important factor."

Dr. Can Van Luc said that the Government has also identified the causes of high housing prices and has been implementing many solutions to remove these 6 major bottlenecks. These include increasing the supply of low-cost housing, removing legal obstacles for projects, reviewing legal regulations on land finance, strictly handling those who take advantage of speculative policies to inflate prices, timely intervention by the State when the market is hot, and finally, soon establishing a National Housing Fund.

Dr. Can Van Luc - Member of the Prime Minister's Policy Advisory Council commented: "Through this fund, firstly, it creates a sustainable financial source for housing development, especially low-income and middle-income housing; secondly, it contributes to increasing supply; thirdly, it is also a way for us to regulate price levels."

According to a survey by BIDV Chief Economist, in some countries around the world, it takes about 15 years for civil servants to own an apartment, while in Vietnam this number of years is 26 years. And if there is no more drastic and synchronous solution in the near future, this number of years will continue to increase and the dream of owning a home for young people will become more and more distant.

Source: https://vtv.vn/cong-chuc-lam-viec-26-nam-moi-mua-duoc-mot-can-chung-cu-100250924092229036.htm