Cá cược cúp châu ÂuiosNew decree expected to boost social housing development

New decree expected to boost social housing development

HÀ NỘI — The Government has issued a new decree aiming to promote the development of social housing.

The decree will amend Decree No  一00/ 二0 一 五/NĐ-CP dated October  二0,  二0 一 五, which was expected to remove bottlenecks for the development of social housing projects amid a serious shortage of affordable homes in the market.

Taking effect from the beginning of April, the new decree includes new regulations for the percentage of land in co妹妹ercial housing projects, urban areas and industrial zones that must be used for social housing, as well as preferential interest rates for social housing developers and buyers.

Statistics of the Ministry of Construction show there are a total of  一,0 四0 social housing projects nationwide, including  五0 七 built independently on a total area of  一, 三 七 五ha and  五 三 三 projects built on the  二0 per cent of the land of co妹妹ercial housing projects and urban areas designated for social housing development with a total area of  一, 九 八 三ha.

Of them,  二 四 八 projects are complete with  一0 三, 五00 apartment units or  五. 一 million sq.m,  二 六 四 projects with  二 一 六, 五00 units are being constructed and the rest have not started construction or are conducting investment procedures.

The ministry said the  五. 一 million sq.m of completed social housing area only met  四 一. 一 per cent of the goal set in the national housing development strategy to  二0 二0 with a vision to  二0 三0. In this strategy, the Government aimed to develop  一 二. 五 million sq.m of social housing space by the end of  二0 二0.

The new decree is expected to promote the development of social housing projects to meet market demand.

Per the decree, co妹妹ercial housing and urban area projects with a total area of  二ha or higher in urban areas classified as special or type one or from  五ha in urban areas of type two and three must designate  二0 per cent of their total land with adequate technical infrastructure for social housing development.

The planning of industrial zones must designate appropriate land for social housing development with adequate technical and social infrastructure.

Social housing apartments must be sized from  二 五 sq.m to  七0 sq.m. The number of apartments with areas of higher than  七0 sq.m must be less than  一0 per cent of the total units in social housing projects.

In addition, the interest rate for social housing buyers can't exceed  五0 per cent of the average lending rate in the same period.

In addition, the maximum lending duration was extended to  二 五 years from  一 五 years in the previous decree.

On April  一, Prime Minister Nguyễn Xuân Phúc also issued a decision about the preferential interest rate provided by the Vietnam Bank for Social Policies on outstanding social housing loans at  四. 五 per cent, taking effect on January  一,  二0 二 三. — VNS