The Hanoi Department of Construction has called on city police to investigate unauthorized brokers who charge illegal fees for social housing applications.

A list of criteria to be eligible for buying social housing will be created, and swindlers abusing the system will be strictly punished, the Prime Minister has said.

Ho Chi Minh City authorities have announced a new regulation giving priority to women, alongside vulnerable groups, in renting social housing built with public investment.

In response to government initiatives, banks are launching long-term mortgage solutions with rates starting at just 3.6%, enabling young people to own homes with minimal financial stress.

While acknowledging certain progress in social housing construction, the Government leader noted that results have yet to meet expectations.

Large real estate firms, including Vingroup, Sungroup, Ecopark, Viglacera and 10 commercial banks, have been invited to a national conference aimed at resolving bottlenecks and promoting the development of social housing.

Despite government incentives, social housing in Vietnam is still too expensive for low-income families. What can be done to fix this?

Thousands of social housing projects in Hanoi will soon begin construction, a positive sign for average workers amid rising prices for commercial apartments. However, experts say that ensuring accessibility to affordable housing remains a challenge.

HoREA has proposed allowing the Ministry of National Defense and the Ministry of Public Security to approve buyers for social housing projects, streamlining the process for military and police personnel.

Under a new government initiative, nearly 1 million affordable homes will be built, with priority given to low-income households and workers.

Under the nationwide initiative to eradicate makeshift houses, 49,322 homes have received support, including 26,630 completed and 22,692 under construction. The remainders fall under other National Target Programmes.

If a preferential home credit package is provided to young people under 35, it could create significant social security opportunities.

Amid skyrocketing apartment prices, Hanoi is expediting social housing projects across multiple districts. With thousands of affordable units on the way, will the city’s real estate market finally see relief?

The Ministry of Construction has responded to voter concerns about the high cost of social housing, detailing policies to ensure greater affordability and access.

The Ministry of Construction (MOC) says the real estate market has witnessed positive changes and overcome its toughest period, and that social housing development will see a breakthrough in the time to come.