Malaysian Prime Minister Anwar Ibrahim said that such a housing development concept will not only provide more strategic residences for low-income groups but also pave the way for a more sustainable and organised urban lifestyle.

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.

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.

2025 will serve as a crucial foundation year for the real estate sector in Ho Chi Minh City, marking the path towards a full recovery by 2026 after facing challenges caused by COVID-19 and economic recession, experts predicted.

Hanoi will spend 437 trillion VND (18.3 billion USD) on housing development in the 2021-2025 period.

Minister of Construction Nguyen Thanh Nghi has presented to the National Assembly measures to be taken in the time ahead to meet housing demand of low income earners and workers.

The northern province of Hung Yen is working to meet the need of about 50% of the workers having housing demand by 2025.

The Ministry of Construction has identified 11 housing projects that are eligible for interest rate support of 2% a year from the State budget.

Ho Chi Minh City will limit the construction of new residential high-rises in districts 1, 3, 4, 5, 6, 11 and Phu Nhuan, under a housing development plan for the 2021-2030 period.

The domestic real estate market in the first quarter of this year witnessed the lowest transaction volume in the past four years due to the impact of the COVID-19 pandemic, according to the Vietnam Association of Real Estate Brokers (VARS).

The HCM City real estate market provides more housing projects and subsidises rentals to boost the market amid the COVID-19 pandemic.

Ho Chi Minh City faces a housing shortage caused by the rapidly rising population and shortage of new housing projects.

The International Vietbuild Exhibition opens in the central city of Da Nang on April 21 with 300 domestic and international businesses joining in.

Experts have said that the government should acknowledge the significant role developers play in the real estate market and in city planning.

The Government Inspectorate has detected violations worth (69.4 million USD) in many housing projects developed in Hanoi between 2002 and 2014.

Ho Chi Minh City's Department of Construction has completed the resettlement housing plan for urban development projects for the 2017-20 period.

Prices of apartments in the local market in the first 10 months of the year witnessed a downward trend, Ha Quang Hung, deputy director of the Department Housing Management and Real Estate Market under the Ministry of Construction, said.

HQC USA LLC, a member of Vietnamese property developer Hoang Quan Group, recently held a groundbreaking ceremony for a 40 million USD mixed-use development project at Tacoma City, Washington.

Land use efficiency in cities in Vietnam remains low due to delayed projects, unused houses and improper land use planning, according to experts.

Vietnam’s real estate sector recorded several merger and acquisition deals involving foreign capital in the first six months of 2017, according to Dau Tu (Investment) newspaper.