Viet Nam eyes raising average floor area per person

Dec 27th at 09:27
27-12-2021 09:27:33+07:00

Viet Nam eyes raising average floor area per person

Viet Nam is looking to increase the average housing floor area per person to 27sq.m by 2025, aiming for 28sq.m in urban areas, and 26sq.m in rural areas.

 

The target is set in the national housing development strategy for 2021-2030, recently signed by Deputy Prime Minister Le Van Thanh.

By 2030, Viet Nam strives to increase the proportion of solid houses nationwide to 85-90 per cent, with 100 per cent in urban areas and 75-80 per cent in rural areas; and equip 90 per cent of houses with electricity and water supply and wastewater drainage systems.

The strategy focuses on renewing specific policies for each kind of housing, and the target group of social housing policies including workers and low-income people in urban areas, and officers and soldiers of the people's armed forces.

Poor households in rural areas, and ethnic minority and mountainous areas will receive support from the State budget, preferential loans and other local resources to build houses.

Families living in areas frequently affected by natural disasters and climate change such as storms, floods and landslides, will be offered preferential loans to build or repair houses.

The strategy also set the goal of developing and repairing more than 1 billion sq.m of houses, equivalent to about 11.9 million apartments.

The move aims to create conditions for everyone to have a place to live, and focus on improving the quality of housing, as well as implementing the trend of green and smart housing.

The strategy also sets out tasks and solutions on housing development: complete housing policies; planning and development of land funds; national housing development activities and local housing development programmes; to increase rental housing products; and promote the development of commercial housing with reasonable prices.

Housing development must include urban development, urban upgrading and re-construction of old apartment buildings.

The housing development will be implemented according to targets on sustainable real estate market development.

Policies on real estate business as well as policies related to transactions, housing business and housing projects will also be completed.

The strategy also aims to simplify administrative procedures in the housing investment and development process from selecting investors, allocating land, investing in construction, granting certificates of land use rights and home-ownership.

Regulations on housing management and development will also be amended according to housing development master plans, strategies and programmes.

Viet Nam’s average housing floor area reached 25sq.m per person in 2021, about 1sq.m higher than in 2020, according to the Ministry of Construction. 

bizhub



NEWS SAME CATEGORY

Green economy, foundation of sustainable development

Green economy, green growth and sustainable development are indispensable trends all over in the world.

Thu Thiem New Urban Area a potential gold mine

The bidding price for a land plot in the Thu Thiem New Urban Area is currently VND 2.45 bn per sq. meter or over 40 tael of gold per sq. meter.

APGCons to conquer new milestones

With 2021 being a challenging year to the construction industry, the leaders of APGCons have implemented the 3C model focusing on three core values of Con...

Homestay businesses struggle during pandemic

The homestay service in the northern province of Quang Ninh has dynamic growth since 2018, showing off the popular trend of short-term accommodation in the province.

Urban revolution to turn Tuy Hoa into flourishing cityscape

Urban infrastructure in Tuy Hoa of Phu Yen province will be elevated to new heights when planning projects are implemented and new real estate projects are...

Thu Duc housing market maintains development

The real estate market in Thu Duc City is forecast to develop strongly by the year-end despite the COVID-19 pandemic, according to Savills Vietnam.

Regulations to shield off-plan property purchases

 Off-plan property is an asset chosen by many professional and retail investors. However, as the legal framework for off-plan buildings is not synchronised and...

COVID boosts digital transformation in property sector

The COVID-19 pandemic has prompted developers of commercial buildings, apartments and residential areas to embrace digital transformation and adopt digital...

Kusto Home holds groundbreaking ceremony for Urban Green

Kusto Home, the property brand of international multi-industry group Kusto Group, held a cooperation signing and ground-breaking ceremony for its latest project...

HCM City retail space rental market recovers strongly

Despite COVID-19, HCM City’s retail space rental market has begun to show signs of coming out of its long slump.

Real estate stocks

Construction stocks


MOST READ


Back To Top