Removing legal "bottlenecks": The key to making the dream of settling down come true

The dream of settling down has never been easy for urban residents. According to experts, the underlying cause lies in the bottlenecks in the process of developing real estate projects.

Today, thousands of projects have been stalled for years due to procedural delays. As supply is constrained, while land, construction and loan costs continue to rise, housing prices are pushed beyond the reach of the majority.

Tháo gỡ “nút thắt” pháp lý: Chìa khóa để giấc mơ an cư thành hiện thực - Ảnh 1. — *The project has been suspended for many years due to procedural delays.*

A typical example is the project of a large corporation in Ho Chi Minh City , which was expected to become a symbol of modern urbanization, but due to prolonged legal problems, the corporation had to return the project. This shows that even investors with strong financial potential find it difficult to overcome procedural barriers.

Mr. Vo Huynh Tuan Kiet - Director of CBRE Vietnam's Residential Project Marketing Department, commented: "Lotte is just a typical example. Many investors face similar problems in finance, time and legality. Even investors with strong capacity and potential still have to face these difficulties in Vietnam."

According to experts, to cool down the market, the solution needs to go straight to the root: unblocking supply and prioritizing the development of the affordable housing segment.

Mr. Dinh Minh Tuan - Southern Director of Property Guru Vietnam, said: "We need to increase land funds from local mechanisms. At the same time, the legal process must be concise, focusing on solving problems for businesses. If the procedures are prolonged, costs will increase and housing prices will increase even more."

Tháo gỡ “nút thắt” pháp lý: Chìa khóa để giấc mơ an cư thành hiện thực - Ảnh 2.

Tháo gỡ “nút thắt” pháp lý: Chìa khóa để giấc mơ an cư thành hiện thực - Ảnh 3.

Unblocking supply and prioritizing the development of affordable housing segment

Mr. Vo Huynh Tuan Kiet (CBRE Vietnam) added: “ The government has introduced many mechanisms to encourage the development of social housing and low-cost housing, and many investors are also planning. However, to accelerate the development, it is necessary to have land funds and synchronous infrastructure. A cheap land fund that is not connected to the center is not feasible to meet real housing needs.”

From another perspective, Mr. Su Ngoc Khuong - Senior Director of Savills Vietnam, emphasized: "We must ensure abundant supply to control the market. When there is a lot of supply, hoarding or manipulation will be difficult to happen. To do this, we need enough financial resources."

It can be seen that only when the legal “bottlenecks” are removed, land funds are supplemented and social housing is promoted, will the real estate market cool down. Only then can the dream of settling down become a reality for millions of people.

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