The Ministry of Construction has proposed tax to be imposed on owners of more than one real estate property in an effort to prevent speculation, according to the ministry’s recent report to the Government Office about real estate prices.
The Ministry of Construction has agreed with the State Bank of Việt Nam’s proposal to offer preferential lending rates for homebuyers who borrow from the VNĐ120 trillion social housing credit package.
Deputy Prime Minister Trần Hồng Hà requested that the ministry take on a supervisory role in social housing, while compiling the draft of a decree on management and development of social housing held in Hà Nội on May 27.
The Ministry of Construction has asked the Hà Nội People''s Committee to inspect projects and apartment complexes with sudden price hikes, to better regulate the city''s real estate market.
The Government has initiated a project to build one million social housing apartments for low-income individuals and workers in industrial parks by 2030.
This regulation of loan interest rates for social housing is part of the contents put forward for comments by the Ministry of Construction in the draft Decree on social housing development and management, and has attracted a lot of attention...
In the first version of this draft, the ministry proposed that individuals could only sell and lease a maximum of five houses each year. However, this later raised many concerns about hindering business freedom, so the ministry removed this proposal...
Based on fluctuations in the construction material market in the first half of this year, the Ministry of Construction forecasts that the price of construction sand and stone in the third quarter of 2023 will continue to increase when major traffic projects...