Interest rates on loans for social housing purchases remain high

Speaking at a conference on solving difficulties for social housing on the morning of March 16, Mr. Nguyen Viet Quang, Vice President of Vingroup , said that the group has just started construction on 4 social housing projects in Hai Phong, Thanh Hoa, Quang Tri and Khanh Hoa, with about 10,000 apartments.

Mr. Nguyen Viet Quang, Vice President of Vingroup Corporation

Vingroup is also carrying out legal procedures to soon start construction of social housing projects in Hanoi , Hung Yen, Ha Tinh, Ho Chi Minh City and other provinces and cities.

According to Mr. Quang, the Government has had many mechanisms and policies to develop social housing in recent times. However, the procedures for implementing social housing projects and the number of social housing procedures are more than those for commercial housing projects. The time to complete procedures for social housing projects from the beginning of implementation to the commencement of construction is about 2 years.

In addition to improving the quality of social housing, the synchronous construction of technical infrastructure, social infrastructure, and commercial services to serve the people is very necessary, especially large-scale social housing. However, Vingroup leaders said that the support policy for investment in the construction of these projects is not clear. If investors synchronously invest in these projects, it will easily lead to increased costs and increased selling prices of social housing.

In particular, in reality, access to loan sources is still not favorable. The preferential interest rate for investment in construction as well as for renting and buying social housing is currently high. For investors, the interest rate is 8%/year, for customers buying social housing is 7.5%/year.

Therefore, this group proposes to minimize the procedures related to investment in construction of social housing projects. Adjusting investment capital interest rates as well as considering adjusting loan interest rates for investment in construction as well as for buying and renting social housing.

Mr. Nguyen Van Thanh Huy, Deputy General Director of Becamex Corporation, the unit that has built over 45,000 apartments that are both workers' and social housing, also assessed that loan interest rates for workers are still high and loan terms are short.

Source link: https://thanhnien.vn/lai-suat-cho-vay-mua-nha-o-xa-hoi-van-cao-185240316121103859.htm