Seminar “Real Estate - Housing for Young People”: Many Passionate Opinions

Mr. VUONG DUY DUNG, Deputy Director of the Department of Housing and Real Estate Market Management - Ministry of Construction :

Pilot social housing policy

Recently, the Prime Minister has directed ministries and branches to continue researching and proposing mechanisms and policies to more effectively support the development of social housing, while completing the targets in the Project to invest in building at least 1 million social housing apartments in the 2021-2030 period.

To promote the implementation of this policy, in addition to preferential policies, a stable source of support capital is needed. Currently, a credit package of 120,000 billion VND is being implemented. In addition, the Prime Minister has also assigned the Ministry of Construction to study and propose the establishment of a Housing Fund, aiming at developing affordable housing in a sustainable manner.

The Ministry of Construction is researching and preparing to submit to the Government, to continue submitting to the National Assembly a pilot resolution on social housing policy, including more incentives on investment procedures, loan interest rates as well as expanding the beneficiaries. Related processes will be shortened to speed up project implementation.

Mr. PHAM DANG HO, Head of Urban Development Department - Ho Chi Minh City Department of Construction:

Forming a housing savings fund

Currently, it is necessary to focus on policies to develop affordable commercial housing, with flexible forms such as buying, renting, and leasing. Project investors need to be supported with preferential loan packages similar to those applied to social housing.

In addition, banks should have long-term loans and specific policies to help solve the supply problem, while creating conditions for young people to access housing.

In addition, young people need to form a housing savings fund. Young people should have the mentality of saving early, gradually contributing to their future home purchase fund. At that time, businesses and home buyers can connect with each other from the beginning, but if they wait until they "have enough money to buy a house", it will be very difficult. Not only buyers but businesses also have difficulty selling their products. In addition, this is also a way to limit speculation and avoid taking advantage of policies.

Experts and businesses attended the seminar "Real Estate 2025: Housing for young people" on the morning of April 3. Photo: HOANG TRIEU

Mr. LE HOANG CHAU, Chairman of Ho Chi Minh City Real Estate Association:

Continue to dismantle the "soft boss" project

From 2021 to now, Ho Chi Minh City has no additional supply of affordable housing. A segment of young people tend to buy houses under 3 billion VND. However, this type of housing is increasingly scarce. Therefore, there needs to be a support mechanism and preferential policies for young people to buy houses.

To increase housing supply, one of the important solutions is for the National Assembly and the Government to continue issuing resolutions and decrees to remove legal obstacles for real estate projects, as has been done in the past. Hundreds, even thousands of projects, are stalled; if cleared, it will help increase housing supply significantly, creating conditions for young people and those with real needs to access housing.

In addition, it is necessary to continue reforming administrative procedures, shortening the time for processing investment dossiers, and creating more favorable conditions for businesses to develop housing projects.

Mr. TRAN SI NAM, Deputy Director of Binh Duong Province Department of Construction:

Improve quality and convenience

Young people today tend to choose to live in areas and projects with full infrastructure, modern amenities, smart housing, and can even combine working from home.

To meet these needs, Binh Duong has been working with associations and investors to design and develop optimal apartments for young people. The apartment area may be small but the facilities and amenities must be complete; especially the application of technology will help to better meet the needs of modern living.

In terms of price, if many people gather in crowded urban areas, housing prices will be very high. However, in Binh Duong, social housing prices fluctuate around 15-20 million VND/m2. There are many apartments in beautiful locations, with reasonable designs, suitable for the needs and financial capabilities of young people, thereby attracting this group to live and work.

Investment in housing development needs to be given due attention. This is also an important foundation for Binh Duong to aim for the goal of building a green, modern industry, associated with digital transformation in the future.

Mr. GIANG QUOC DUNG, Chairman of Binh Duong Real Estate Association:

Empowering investors

Implementing a housing project is not simply "building a house to live in", but more importantly, creating conditions for people, especially young workers, to want to stay in the locality for a long time. Social housing and low-cost commercial housing projects need to be focused on developing in urban areas and new cities - places that can attract young workers to live and work, even though housing prices may be low.

In Binh Duong, many enterprises invest their own money to build social housing without asking for incentives. Therefore, it is necessary to allow enterprises to be more proactive in approving home buyers. For projects that enterprises invest in themselves, without using the state budget or incentives, it is necessary to create conditions for smoother and more effective operations.

Mr. PHAM LAM, Member of the Executive Committee of Vietnam Real Estate Association - Chief Representative in Ho Chi Minh City:

Planning of residential areas far from the center

To develop housing for young people, it is possible to consider planning areas about 30-40 km from the city center. Along with that, it is necessary to invest in developing a convenient public transport system for people to move easily. At that time, young people can still work in the center but live in areas with more reasonable living costs while still ensuring quality of life.

In addition, there should be clear and transparent criteria to determine who is eligible to buy social housing and who is eligible for preferential policies. For example, those who have paid taxes in full and seriously for many years can be given priority. At the same time, there should be a monitoring mechanism to avoid policy exploitation and ensure fairness in access to housing for those who really need it.

Mr. VO HONG THANG, Deputy General Director in charge of DKRA Consulting and Investment Director of DKRA Group:

Expect some positive signals

In the first quarter of 2025, the real estate market recorded many positive signs, especially in terms of "demand". Almost all segments recorded an increase in consumption, including many segments with sudden increases, although still cyclical. Notably, Binh Duong is a locality with outstanding growth.

Although there have been some previous forecasts about the real estate market in the second quarter, the world context is changing rapidly. Specifically, US President Donald Trump has just announced the imposition of reciprocal tariffs on goods from many countries, including Vietnam, so forecast scenarios need to be adjusted according to actual developments. This is considered a big unknown for the economy in general.

However, some positive signals are still expected in the second quarter of 2025. The supply of residential real estate in Ho Chi Minh City and surrounding areas is expected to continue to recover.

Dr. - Journalist TO DINH TUAN, Editor-in-Chief of Nguoi Lao Dong Newspaper:

5 solutions to boost supply

Through the discussions at the seminar, we have a clearer picture of the real estate picture for young people as well as the difficulties and obstacles that need to be resolved. I would like to summarize some important solutions to promote this market.

First, expand financial support and preferential loan packages. There needs to be a more reasonable lending policy, extending the repayment period from 20 years to 25 - 40 years, helping to reduce monthly financial pressure.

Second, strongly develop social housing and affordable commercial housing. Continue to accelerate the project of 1 million social housing units according to the Prime Minister's direction; remove obstacles in land procedures and legal issues to boost supply.

Third, further simplify administrative procedures. Reduce at least 30% of administrative procedures, shorten project approval time so that businesses can deploy faster. Limit the situation of projects being "soaked" for too long, causing costs to increase, negatively affecting housing prices.

Fourth, soon establish a National Housing Support Fund to help middle-income people reduce financial pressure when buying a house.

Fifth, apply digital technology, artificial intelligence (AI)... to assess the ability to borrow capital and propose credit packages suitable to the financial situation of each young person, thereby optimizing the approval and disbursement process. At the same time, help banks and businesses identify market segments more accurately, avoiding the situation of "supply - demand mismatch".

In addition, more than 1,500 projects are waiting for legal problems to be resolved. If these problems are resolved, it will create a very good driving force for businesses to develop, creating a large housing supply. At that time, the issue of price and choice will be easier.

Source: https://nld.com.vn/toa-dam-bat-dong-san-nha-o-cho-nguoi-tre-nhieu-y-kien-tam-huyet-196250403213810944.htm