Many urban development projects are attracting investor interest.

Many projects have been implemented.

Data on housing and the real estate market compiled by the Department of Construction shows that the real estate market in the city over the past year has generally remained sluggish, showing no signs of improvement, and real estate transactions have been slow. The initial application of the 2024 Land Law, particularly regarding land price tables, has somewhat affected real estate transactions, clearly reflected in the tax revenue from real estate transfers in the city.

However, in the last months of 2024 and the beginning of 2025, especially after Thua Thien Hue became a centrally-governed city, the real estate market began to show signs of recovery and warming up. The volume of land transactions through recent auctions was quite good, with a 100% success rate and post-auction prices increasing by an average of 15-20%. In addition, urban development projects are also attracting investor interest.

According to Resolution No. 110/NQ-HĐND dated November 15, 2024, of the Hue City People's Council, regarding the list of land plots for bidding on urban and residential area projects in the city, this phase includes 28 commercial housing projects and 7 social housing projects that will be put up for bidding and investment solicitation.

Accordingly, the competent authorities have approved the investment policy for 4 projects in 2024 and the first three months of 2025, including: 1 commercial housing project, namely the Housing - Commercial and Service Complex at 38 Ho Dac Di Street, An Cuu Ward, Thuan Hoa District; and 3 social housing projects: the Social Housing Project in Huong So Ward, Phu Xuan District; the Social Housing Project in Phong Hien Commune, Phong Dien Town; and the Social Housing Project in the XH1 land area of ​​Zone B - An Van Duong New Urban Area.

In addition, relevant agencies have completed the bidding and auction process for land use rights and selected investors to implement real estate projects, including: 2 urban development projects: the Commercial and Service Complex with Housing at the Vo Nguyen Giap - To Huu roundabout intersection; and the Urban Area south of Nhu Y River, in Zone E - An Van Duong New Urban Area; 2 housing projects: the Housing and Commercial-Service Complex at 38 Ho Dac Di, An Cuu Ward, Thuan Hoa District; and the Residential Area on Dao Tan - Tran Thai Tong Street, Truong An Ward, Thuan Hoa District; and the commencement of 2 projects: the renovation and reconstruction of blocks A, B, and C of the Dong Da apartment complex, Phu Nhuan Ward, Thuan Hoa District; and the social housing project on land plot coded XH1, in Zone C - An Van Duong New Urban Area.

Continue to remove obstacles.

However, the real estate market is also facing certain difficulties and is not yet as vibrant as it was before the COVID-19 pandemic.

Real estate businesses say they are facing a number of difficulties and obstacles in land compensation and clearance, as well as legal issues including determining land prices, calculating land use fees, procedures for land allocation, land leasing and issuance of land use right certificates, especially difficulties in securing capital which force them to delay or temporarily suspend project implementation.

Mr. Hoang Tien Minh, Deputy Director of the Department of Construction, believes that in addition to the macroeconomic policies issued by the Government in the past, in the coming time, relevant ministries and sectors need to continue researching to perfect the legal framework and institutional breakthroughs, and improve planning at all levels. They should also continue to boost public investment to promote the recovery and healthy development of the real estate market.

In addition to researching and providing feedback to relevant ministries and agencies at the central level to address bottlenecks in the real estate, capital, and bond markets, in recent years, to promote the development of the real estate market, the city has established four working groups headed by the Chairman and Vice-Chairmen of the City People's Committee. Weekly and monthly, these groups review and assign specific tasks to relevant departments and localities to promptly resolve obstacles and difficulties for non-state investment projects. The city focuses on developing and issuing decisions within its authority regarding land and housing regulations. Priority is given to investing in important infrastructure projects, and social housing projects for low-income earners and workers in industrial zones are being accelerated. Simultaneously, the city is intensifying the review and adjustment of construction plans to ensure the healthy and sustainable development of the real estate market.

Regarding the implementation of social housing development and the 120 trillion VND credit package, the Department of Construction stated that, to date, the People's Committee of Hue City has approved the investment policy for 11 social housing projects. Over the past period, the State Bank of Vietnam has closely coordinated with the Department of Construction to implement social housing development in the area according to the Prime Minister 's plan "Investing in the construction of at least 1 million social housing units for low-income earners and industrial park workers in the period 2021-2030".
Text and photos: HA NGUYEN

Source: https://huengaynay.vn/kinh-te/thi-truong-bat-dong-san-dan-soi-dong-tro-lai-152973.html