Social Housing Project 2021 – 2030: Expectations for positive changes in the next stage
• Social housing projects in the period of 2021 – 2025: most projects are at the stage of approving investment policies but have not yet been implemented (accounting for 73% of the total number of projects granted investment policies). Meanwhile, the planning progress of most localities is still slow, and the general planning rate for the whole project from 2021 to 2025 is only 2%. At the above rate, it is unlikely that the 2021-2025 Project will reach the set target, most of the reasons for the maf come from the bottleneck in the land fund as well as the policy mechanism that is not attractive to developers and difficult to access for buyers (low income).• Decree 100/2024, which takes effect from August 1, 2024, and Decree 115/2024, which takes effect on September 16, 2024, are expected to (1) have solutions to help developers shorten the time for social housing development procedures, (2) remove obstacles and bottlenecks over the past years in the procedures for approving investment policies for projects in general and social housing in particular.
• We expect that with the introduction of the above decrees, and at the same time there are more feasible solutions for access to capital from developers and home buyers, the implementation speed of social housing projects will have a marked positive change in the period of 2025 – 2030.
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