Developing a sustainable and fair real estate market

According to the Steering Committee's Report, over the past 9 months, the real estate market has shown positive signs of recovery with a total of more than 430,000 real estate transactions. There are more than 1,000 commercial housing projects, of which 960 projects are under construction, with nearly 149,000 apartments and more than 249,000 individual houses. Some localities have actively developed and formed model urban areas with synchronous infrastructure and functions, contributing to improving the quality of urban development.

There are 692 social housing projects being implemented with a scale of 633,559 units, of which 165 projects have been completed, with a scale of 110,436 units; 147 projects have started construction and are being implemented with a scale of 135,033 units; 380 projects have been approved for investment policy, with a scale of 388,090 units.

However, looking at it as a whole, the real estate market in general and social housing development in particular still face many difficulties and obstacles, and compared to the requirements, there is still a lot of work to be done. Specifically, although the legal system has been amended and supplemented, it still has many obstacles and shortcomings, especially in the fields of land, bidding, policy approval, and investor selection. Compensation, site clearance, and resettlement are still slow; determining land prices in many places is still difficult. In particular, the housing segment is still inadequate, reflected in products that are mainly high-end, and sometimes housing prices increase dramatically, especially in big cities...

To overcome this situation, Prime Minister Pham Minh Chinh emphasized 11 groups of tasks and solutions. Notably, it is necessary to review and reduce administrative procedures, promote decentralization, and reduce compliance costs for people and businesses, in the spirit of "locality decides, locality acts, locality takes responsibility". Shifting the state from mainly managing, "if you can't manage, ban" to creating development, serving people and businesses.

Implement solutions to reduce real estate prices, increase supply to meet supply and demand. Strengthen the state's management and regulation role; use land effectively; simple and transparent procedures, reduce pre-inspection, focus on post-inspection. Use fiscal policies on taxes, fees and charges to regulate, contributing to reducing costs. Study mechanisms and policies related to loan interest rates, appropriate loan terms, and favorable procedures, and at the same time have appropriate policies and sanctions for banks that do well as well as those that do not...

Housing and real estate market policies play an important role in promoting growth, improving people's quality of life, and creating a new look for the country. At the same time, they are an important channel for mobilizing and allocating capital, with great influence on other economic sectors. Therefore, in the implementation process, as Prime Minister Pham Minh Chinh suggested, we should learn from experience while doing, gradually expand, not be perfectionist, and not be hasty.

What is mature, clear, proven to be correct in practice, effectively implemented, and agreed upon by the majority should be legalized, and sub-law regulations should be developed for issues that are still fluctuating. All must aim at the most important goal of ensuring people have equal access to housing and developing a safe, healthy, sustainable, fair real estate market that is suitable to the country's conditions and people's income.

Source: https://daibieunhandan.vn/phat-trien-thi-truong-bat-dong-san-ben-vung-cong-bang-10388145.html