Sign up | Log in



Home  >>   Daily News  >>   Vietnam  >>Property  >> Ministry of Construction may increase size of social housing
NEW UPDATES Asean Affairs   3 March  2015  

 Ministry of Construction may increase size of social housing

The Ministry of Construction has proposed that the maximum area of social housing apartments be raised to 90 square metres (sq.m.) from the current 70sq.m.

The proposal is part of the draft decree on the development and management of social housing projects, which has evoked mixed opinions from experts about its reasonableness and impact on the development of such projects.

The ministry said increasing the maximum area of social housing apartments is aimed at meeting the demand for accommodation made by households with seven to eight members, who had found the 70sq.m. apartments too cramped.

Several real-estate companies also deemed the proposal reasonable.

Luu Minh Ngoc, general director of the Bac Son Group said the proposal, if approved, will provide a wider range of choice in terms of apparent areas for developers and offer a better fit for home-buyers' demand.

However, with its selling price of about VND12 million (US$560) per square metre, the price of an apartment with an area of 90sq.m. will be roughly VND1 billion ($47,150), which might prove to be unaffordable for low-income earners.

Nguyen Thu Huong, a desk worker in Ha Noi, who is looking to buy a social housing apartment said that a 90sq.m. apartment can meet accommodation demand for large families.

In addition, home buyers will also have more choices.

Pham Sy Liem, deputy president of the Viet Nam Federation of Civil Engineering Association, expressed his worry that the VND30 trillion ($1.42 billion) support package for low-income earners to buy houses will hardly meet demand and fewer people will benefit from the support package.

Experts also pointed out that real-estate companies might benefit from converting inventory apartments with a 90sq.m. area into social housing apartments.

According to the draft, the design standard for a social housing apartment is a minimum of 25sq.m. and a maximum of 90sq.m.

Buyers or lease-purchasers of social housing apartments will be allowed to sell, mortgage or lease the apartments only after paying off their loans and granting land use right certificates, the draft said. In addition, profit earned from a social housing project must be less than 10 per cent of the total investment cost.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           March 3 , 2015 Subsribe Now !
• India promotes investment in Myanmar, other ASEAN states Subcribe: Asean Affairs Global Magazine
• Malaysian states beyond Johor woo Singapore investors
• Indonesia eyes 20 million tourists by 2019
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Ministry of Construction may increase size of social housing
• ASEAN economic integration moving on despite challenges
Asean Analysis                    February 27, 2015
• Asean Analysis February 27, 2015
Four key capital cities across developing ASEAN countries report marginal growth in tire sales volume in 2014: GfK
Advertise Your Brand

Asean Stock Watch  March 2,  2015
• Asean Stock Watch-March 2, 2015
The Biweekly Update
• The Biweekly Update February 20, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand