Social housing for low-income people. Photo batdongsan.com.vn

HA NOI (Biz Hub) — The second property exposition and trade fair will get underway in Ha Noi from October 18-20, a move expected to shore up a long-time sagging property market.

Up to 20 exhibitors are on the waiting list with over 100 pavilions, said General Secretary of the Vietnam Association of Real Estate (VNREA) Phan Thanh Mai at a press briefing in Ha Noi on August 19.

Information about banking support deals, and social and low-cost houses will be made available.

Customers are also able to talk directly with investors and commercial bankers and attend a workshop entitled "Social housing – perspective from a VND30 trillion package".

Mai said that around 10 commercial housing projects are being converted to social housing, each offering between several hundreds to one thousand apartments to the market.

The event will be co-hosted by the VNREA, the Hanoi Real Estate Club and the Alliance of Property Trading Floors G5. — VNS