The “return” to the social housing segment

At the annual general meeting of shareholders, Vinhomes announced a social housing development strategy that contributes to realizing the dream of home ownership for millions of employees.

During the recent Vinhomes Annual General Meeting, Mr. Pham Thieu Hoa – Chairman of the Board of Directors of Vinhomes said that in the next 5 years, this business will focus on building about 500,000 social housing houses in the suburbs of major cities such as: : Ho Chi Minh City, Hanoi, Hai Phong, Quang Ninh…

Enterprises enter the race

Vinhomes’s social housing projects will carry the Happy Home brand, with the scale of each project from 50 to 60 hectares. It is expected that the selling price of apartments will range from 300 to 950 million VND per unit. Vinhomes promises to help “raise” social housing with a full ecosystem of utilities such as parks, children’s play areas, sports playgrounds…

Or like Viglacera will also invest in the development of new projects, which can be mentioned as worker housing / social housing in the social housing area in Tien Duong – Dong Anh (according to the program of the Hanoi People’s Committee). ; social housing area Phu Ha industrial park (Phu Tho); housing for workers in Tien Hai industrial zone (Thai Binh).

Before that, many other businesses have also “made a name” to join hands to build low-income housing such as Hung Thinh Group Joint Stock Company, Dong Tam Joint Stock Company (Dong Tam Group), Wood Industry Group Joint Stock Company. Truong Thanh has also started to build millions of affordable houses in Ho Chi Minh City, Long An, Binh Duong and Dong Nai.

According to announced information, the above businesses will build about 100,000 apartments with an expected selling price of less than 25 million VND/m2 in Ho Chi Minh City and less than 20 million VND/m2 in Long An, Binh Duong and Dong Nai markets. . The price may be lower if the business receives incentives on land use fees, interest rates…

The Government supports 2% interest rate for investment units to build social housing, housing for workers in a package of 40,000 billion VND. (Photo: Dinh Hoa social housing area invested by Becamex)

According to experts, the participation of large and well-known enterprises in the construction of affordable housing and social housing will help buyers feel more secure about the quality of the project. Because large enterprises have a reputation in the market with many high-end projects, when making affordable houses, they will also be more thoughtful and methodical.

“Investing in social housing is only difficult in the early stages, because due to many incentives, the appraisal will be much stricter than that of commercial housing. However, once this “passes through”, everything will be fine. into the reels,” said an expert.

Need a breakthrough

It is known that the Government is implementing a program of socio-economic recovery and development for the period of 2022 – 2023, including policies directly related to promoting the development of social housing, housing for young people. worker.

The Prime Minister has also just promulgated the National Housing Development Strategy for the period of 2021 – 2030, with a vision to 2045 with new requirements and orientations on social housing and housing for workers; at the same time develop sustainable housing real estate market.

In order to develop effective and targeted social housing, the Government requires localities to create favorable conditions for people to live and work. hundreds of thousands of workers, low-income people… have a home to settle down, settle down, and stabilize their lives; at the same time, vigorously deploy synchronous solutions to create breakthroughs in social housing development, meeting the needs of people and employees, on the basis of a harmonious, reasonable and effective combination between people – State – enterprises in social housing development suitable to the situation and conditions; promote good experiences, good models and effective practices in social housing development for replication throughout the country.

According to Mr. Nguyen Manh Khoi, Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction), the Government’s support packages promise to have both direct and indirect impacts on the development of communal housing. festival. Such as the regulation of directly granting VND 15,000 billion to tenants to buy social housing for 2 years, or the regulation of 2% interest rate support for units investing in the construction of social housing, housing for workers in the package. scale of 40,000 billion VND. This will give the opportunity to not worry about lack of buyers, only worry about lack of projects.

From a business perspective, real estate companies share: To increase supply, besides tax incentives and capital support, businesses need a breakthrough in land fund and legal procedures. Mr. Ngo Quang Phuc, General Director of Phu Dong Group, said that in fact, everything is not simple when businesses come to the Department and then have an official dispatch, but have to wait for relevant departments and agencies to have opinions and time to work. Legal procedures take a long time and greatly affect business costs.

For example, when implementing a real estate project in Binh Duong, although it was supported, it still took nearly 3 years to complete the legal procedures. “When there are favorable opportunities, businesses are ready to start implementing projects” – Mr. Ngo Quang Phuc expressed his opinion.

According to DDDN