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social housing
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Southern developer to borrow $600M for social housing development
Social housing developer Hoang Quan Group plans to borrow VND15 trillion ($618 million) to build at least 50 projects and renovate 10 others by 2030.
Hanoi wants more profit for social housing developers
The Hanoi Department of Construction has proposed increasing the profit rate for social housing construction to 15-20% from the existing 10% of the total investment cost.
Government admits social housing stymied by low incentives
Time-consuming investment procedures and lack of attractive incentives for developing social housing are preventing the segment from developing strongly despite great demand.
October 11, 2023 | 05:13 pm PT
Hanoi eyes conversion of 3,200 commercial apartments into social housing
Hanoi authorities are considering a proposal by a developer to convert its commercial housing project with 3,200 apartments into social housing.
August 30, 2023 | 11:15 pm PT
1,300 workers' homes left unsold in northern province
Over 1,300 apartment units built for workers have not been bought in the northern province of Bac Ninh, demonstrating low demand even though the northern province has over 314,000 workers.
August 29, 2023 | 12:44 am PT
Northern industrial province to build 75,000 social housing units
Bac Giang, where major foreign companies, including Apple supplier Foxconn and Samsung Electronics supplier SI Flex, have manufacturing facilities, plans to build 75,000 social housing units by 2030.
August 21, 2023 | 06:56 pm PT
Southern industrial hub unveils ambitious social housing plans
Binh Duong Province, a key industrial hub in southern Vietnam, plans to build 170,000 social housing units from now through 2030, nearly double the target assigned by the government.
August 5, 2023 | 12:00 am PT
Lawmakers call for incentivizing social housing for lease rather than sale
Building social housing for lease rather than purchase will enable more low-income people to get accommodation and so incentive policies should be geared toward this, lawmakers have said.
June 19, 2023 | 12:15 am PT
Social housing developers fazed by 500-day permit approval
It takes over 500 days to get all the necessary permits to develop a social housing project, but few people are eligible to buy the houses once completed.
June 1, 2023 | 07:07 pm PT
Families huddled in 16 square meter rooms in Da Nang authority housing
Over 70 families of workers are living in apartment rooms spanning 16-19 m2, provided by the central Da Nang City authorities.
May 28, 2023 | 05:18 am PT
Two months on, $5B social housing loan package remains untouched
No one has been able to borrow from the VND120-trillion (US$5.11 billion) credit package the government launched two months ago since there is no supply of social housing.
May 19, 2023 | 11:01 pm PT
Hundreds queue to buy social housing in Hanoi
Hundreds have queued up in Hanoi’s Nam Tu Liem District to register to buy an apartment in one of the few social housing projects available.
May 11, 2023 | 03:10 pm PT
Vinhomes to start selling social housing
Vietnam’s biggest property developer Vinhomes will start selling two social housing projects this year in the central region.
April 27, 2023 | 01:22 am PT
People queue overnight to buy social housing
Hanoi’s NHS Trung Van social housing project does not open until 8:30 a.m., but people have been waiting outside it’s doors to register for apartments since 2 a.m.
April 25, 2023 | 02:56 pm PT
Social housing prices double amid growing scarcity
High demand but little supply have driven the prices of social housing apartments in Hanoi to double the levels of five to seven years ago when they were first sold.
April 21, 2023 | 04:41 am PT
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