Social housing supply in Ho Chi Minh City is still far below target.

Apartment prices in Ho Chi Minh City increased by about 31% in the third quarter, mainly in the high-end segment. The Government requested ministries and branches to propose solutions to tighten credit for buying second and third apartments and study anti-speculation taxes. According to experts, in parallel with solutions such as credit and taxes, the Government needs to continue to accelerate solutions to ensure supply-demand balance. Enterprises also make efforts to bring real estate products to people with real needs, not speculators and surfers.

CBRE Vietnam said that investors are having difficulty in pricing apartments amid the price increase. Instead of reducing prices, they often apply support policies such as increasing discounts, extending preferential interest rates, and reducing management fees to reduce the financial burden on buyers.

Ms. Pham Ngoc Thien Thanh - Director of Research and Consulting Department, CBRE Vietnam said: "In the long term, they still want a residential community to be formed at their project, they themselves do not want to attract too many buyers but only for short-term investment."

According to analysis, for a business project, there will be a long-term product development roadmap of 5-10 years, so it is necessary to have a development strategy according to "investment phases" to be able to meet the housing and investment needs in the market in a harmonious and balanced way. This is also the way for businesses to avoid speculation and abandonment of real estate.

Ms. Nguyen Thi Thanh Huong - General Director of ErasLand said: "With large-scale projects, there are reasonable investment and development phases to bring products to the right needs of users and a roadmap to complete and fill those development stages to create vitality and create motivation for more sustainable project development."

At the same time, from the authorities' side, according to experts, legal bottlenecks need to be further accelerated to avoid prolonging project implementation time to reduce the cost burden for businesses, thereby reducing pressure on selling prices.

"On average, legal implementation of a project takes 3-5 years. If we shorten the legal process to 2 years, businesses will save 1-3 years. With the interest costs that businesses are currently paying, input costs can be reduced by 10%," said Mr. Vo Hong Thang - Deputy General Director of DKRA Consulting.

In addition, increasing the supply of social housing is an urgent requirement. Up to now, in Ho Chi Minh City, the supply of this type of housing is still very modest, reaching only 8.6% of the target assigned before the merger.

Source: https://vtv.vn/nguon-cung-nha-o-xa-hoi-tp-ho-chi-minh-van-thap-xa-chi-tieu-100251023171014702.htm