Prime Minister Phạm Minh Chính chaired an online government meeting on the current development of social housing and housing for workers this morning from the capital city of Hà Nội.
In the most optimistic scenario, the market will face at least two more challenging quarters before entering a recovery phase in the second half of 2024, experts have predicted.
Hung Thinh Group has said that from this year it will collaborate with Dong Tam Group and Truong Thanh Furniture Corporation to develop affordable housing in several provinces and cities, including HCM City and Long An, Binh Duong and Dong...
HCM City authorities are seeking VND37.6 trillion (US$1.66 billion) to build affordable housing for workers over the next five years, of which State revenue will account for no more than 5 per cent of the total investmentaffordable housing for workers.
HCM City is expected to need an additional 160,000 social housing apartments in the next decade to meet its rising population and demand for affordable housing.
The property market expects to see a wave of property developers expanding into affordable housing developments as this segment was in a severe shortage and the Government was taking steps to promote investments.