HCM City plans to complete 2,800 social housing units in 2025
Ho Chi Minh City plans to complete four social housing projects this year, with over 2,800 units. Meanwhile, the city will start eight other social housing projects with nearly 8,000 apartments in the year.
HCM City (VNA)꧅ – Ho Chi Minh City plans to complete four social housing projects this year, with over 2,800 units, according to the municipal People’s Committee.
Meanwhile, the city will start eight other social housing projects with nearly 8,000 apartments this year.
From 2021 to May 2025, a total of 2,745 social housing apartments were completed in the southern metropolis.
To fulfill the target of 100,000 apartments for the 2026–2030 period assigned by the Prime Minister, an additional 94,381 units still need to be completed.
The municipal People's Committee is developing its adjusted housing development programme for 2021 – 2030 and a housing development plan for 2026 – 2030.
Specifically, it plans to complete 9,438 units in 2026, 14,157 units in 2027, 18,876 units in 2028, 23,595 units in 2029, and 28,315 units in 2030.
To promote social housing projects in the city, the HCM City Real Estate Association has recently made specific recommendations and solutions. Accordingly, departments and agencies are urged to coordinate closely with each other to remove legal obstacles, creating favourable conditions for real estate businesses to quickly implement projects. Streamlining investment procedures, facilitating investors' land access and conducting bidding to select investors should be implemented immediately, the association suggested./.
An individual who seeks to purchase an apartment in a social housing project must not own another apartment in the area where the project is situated, and their total family income must not exceed 30 million VND (1,156 USD) per month.
NA Chairman Tran Thanh Man stressed that social housing has become an increasingly urgent issue, especially in urban areas and industrial zones. However, he noted that the implementation of social housing projects still faces obstacles due to inflexible mechanisms, prolonged administrative procedures, and a lack of appealing incentives for investors.
Prime Minister Pham Minh Chinh has signed Decision No. 444, dated February 27, 2025, setting targets for the completion of social housing by 2025 and in the following years up to 2030. Accordingly, by 2030, localities nationwide are tasked with completing 271,161 social housing units to help achieve the goal of building at least one million affordable social housing apartments for low-income earners and industrial park workers during the 2021–2030 period.
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