Localities are urged to proactively clear land and prepare clear land funds for rental housing development, following a decision by the prime minister.
A director and four others have been indicted on charges of falsifying numerous application documents to enable clients to purchase social housing units at the Vegahome Quang Chau and Ecohome Song Thuong projects.
The Ministry of Construction is actively developing preferential land and financial mechanisms to promote rental housing. Concurrently, it is advising the Government to set specific development targets for this housing type across all localities.
The labor federation collaborates with enterprises to develop 6,000-8,000 social housing units, aiming for a rent-to-own model to help workers save and gradually own homes.
Hanoi will shift from a model primarily focused on developing homes for sale to a balanced development of homes for sale and rent, prioritizing affordable rental housing for workers and low-income individuals.
Hanoi's chairman has called for the immediate implementation of several rental housing projects this june, alongside a study to increase the proportion of social housing allocated for rent to 20-30%.
General Secretary and President To Lam emphasized that in addition to for-sale housing, future efforts should prioritize the development of rental housing, especially apartment models for rent in urban areas.
Ho Chi Minh City labor union coordinates implementation of 100,000 social housing units for workers in the next 5 years, many businesses to lease for free worker accommodation.
