Speaking at the Real Estate Forum on March 15, Mr. Nguyen Manh Ha, Deputy Permanent Chairman of the Vietnam Real Estate Association, said that the psychology of a large number of Vietnamese people is to want to own their own homes.
Therefore, Mr. Ha believes that housing should be developed for rent, especially social housing. “I think we should focus on building for rent instead of buying and selling because it will be difficult to meet the demand due to the large income gap,” Mr. Ha suggested.
Mr. Nguyen Manh Ha, Deputy Permanent Chairman of the Vietnam Real Estate Association
Experts suggest increasing the proportion of social housing for rent to 30-40%. The state should encourage businesses and individuals to invest in rental housing.
“There is still a lot of money within the people, but they only know how to deposit it in the bank instead of considering rental housing, which is also a potential channel and solves the housing problem,” Mr. Ha shared.
Experts mentioned the experience in other countries, increasing the proportion of rental housing by utilizing Real Estate Investment Trusts (REITs). When investing in this channel, individuals’ assets are still available, the return on investment may be slightly lower but it is safe and sustainable.
Agreeing with the above viewpoint, Mr. Vu Dinh Anh, an economic expert, believes that there should be regulations that social housing should be 100% for rent, while allowing only 20% for ownership.
