Fri. Nov 25th, 2022

Priority should be given to perfect institutions relating to the
development of housing and real estate market, Deputy Prime Minister
Hoang Trung Hai has said.

Hai, who is also head of the
Central Steering Committee on Housing Policy and Real Estate Market,
made the remarks at the committee’s first meeting in 2013 in Hanoi on
February 22.

The Deputy PM asked the committee to
establish more interdisciplinary inspection missions nationwide to
focus on dealing with difficulties in capital and capital financing
progress and lending interest rates for housing programmes, as well as
take the initiative in planning residential areas resilient to climate
change.

He especially pointed to the necessity to keep
a close eye on the use of the 20 percent of land reserved for building
social houses for low-income people.

The real estate market
needs to be restructured, Hai affirmed, urging the committee to
continue completing housing programmes based on the National Housing
Development Strategy in 2013.

At the meeting, Minister
of Construction Trinh Dinh Dung said that solving difficulties in the
real estate market needs to be implemented in line with the national
housing development strategy.

He asked the Government
to direct localities to pay more attention to developing social housing
programmes as the country still lacks many social housings.

In
January, at a meeting with the National Assembly’s Economic Committee
on ways to solve the real estate market’s current downturn, Dung
reported that the real estate market experienced a difficult period
last year with high inventories and prices declining in all segments.

He predicted there would be huge demand for social houses in the coming years given the country’s 32 percent urbanisation rate.-VNA

By vivian