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Universal housing
All efforts will be made to develop housing and ensure people's housing demands are basically met by 2020, according to a draft strategy from the Ministry of Construction.
The houses that are built should, in terms of quality, facilities, and prices, be appropriate for the country's economic situation and people's needs, Nguyen Manh Ha, Head of the Ministry's Department of Housing and Property Market Management, said in HCM City last Friday while unveiling the strategy.
The average housing space per capita will be 25 sq. metres, and the minimum, 8sq.m. In 2009 the average space was 16.7sq.m.
Policies relating to land, planning, finance, and credit will be drafted to promote housing development and enable people to build their houses.
All kinds of investors will be encouraged to develop properties for sale and rent.
Housing for students, workers at industrial parks, State employees, armed forces personnel, and urban poor will be a priority.
The minimum size of residential projects in major urban areas and key economic regions will be 500ha.
A housing savings fund will be established in which individuals and credit institutions will be stakeholders.
There will be incentives for builders of small and medium-sized apartments.
Current housing prices are out of reach of average-income earners, leaving a large gap between supply and demand, while the Government has yet to offer incentives for building houses for lease.
Ha said other countries' experiences showed that the Government should take the initiative to invest in areas that were not attractive for private investors – such as houses for poor people and for rent.
"Many developing as well as developed countries like Singapore, South Korea, and Japan have State-owned firms and funding for developing such kinds of houses."
Property developers should have access to cheap funds from the government to build housing for low-income earners and workers in IPs, he said.
There should be administrative measures to ensure sustainable development of the market and avoid the volatility that had plagued countries like Thailand and the US, he said.
vietnamnews
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