Housing development orientation to 2020, with a vision to 2030

While the investment for construction is expanded, the real estate market is considered development, the policy planning is also relatively many; why it still cannot solve the housing demand? The current situation and solutions for housing is an issue that many people are particularly interested in, especially the students, the middle-income, low-income employees.

Housing development orientation to 2020, with a vision to 2030

The fact has shown that due to the lack of uniformity of housing policy with land policy and investment planning, although many housing policies are issued, they still overlap, non-uniform, causing difficulties for the management and development of housing.

Due to many complex fluctuations resulting in the price increase which is beyond the affordability of a large proportion of the population, there is an increasing pressure to own a house for themselves and their families.

The phenomenon of speculation, price anchoring, buying and re-selling for gaining profit has been popular and created "fake fever" to make housing market unsustainable. Meanwhile, the majority of workers and employees who have low income and middle income are difficult to have a house.

In the urban area, the structure of housing is not reasonable. The thinking of wishing to own houses and stay at low-lying houses attached to the land is still common. The proportion of apartment housing accounted for only 1.23% of the total country. Hanoi has the highest apartment rate but it is only 16.64%, HCMC is 6.13%.

Solution of the Government

To cope with that fact, the Ministry of Construction has submitted to the Prime Minister the Housing development strategy to 2020, with a vision to 2030.

Accordingly, the target to 2020 is that the proportion of apartments in housing development projects will reach over 90% in special-grade urban centers (Hanoi and Ho Chi Minh City), over 60% in grade-I and -II urban centers.

In urban centers of grade III, the proportion must reach over 40% and the houses for rent will account for at least 30% of total houses.

In addition to the construction of social housing for low-income earners in urban areas, the Strategy also sets the target to 2015, it shall satisfy the accommodation needs of around 60% of students of universities, colleges and professional secondary and vocational schools and 50% of industrial park workers; to provide support for some 400,000 rural poor households to improve their houses.

During 2016-2020, to strive to satisfy the accommodation needs of around 80% of students and 70% of industrial park workers having the needs to settle the housing issue.

Target

Till 2020, the rate of firmly built houses will reach about 70% nationwide, to eliminate rudimentary houses all over the country.

In order to achieve the above objectives, The State will create conditions to encourage all economic sectors to participate in developing commercial houses for sale, lease or lease-purchase under the market mechanism to meet the demand of better-off clients.

At the same time, The State will adopt mechanisms and policies to support housing development to create accommodation for social policy beneficiaries facing housing difficulties but incapable of affording a home under the market mechanism.

 

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