The proposed rental framework for social housing with a maximum of 10 floors ranges from VND 48,000-96,000 per sqm per month. Social housing from 11-20 floors has a rent of VND 49,000-98,000 per sqm per month. For social housing from 21-30 floors, the rent is VND 73,000-146,000 per sqm per month, and for social housing above 30 floors, it is VND 99,000-198,000 per sqm per month.
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Proposed rental framework for social housing in Hanoi, excluding public investment and trade union finances
Source: Hanoi People’s Committee
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These rates exclude value-added tax and maintenance costs. They also do not include management and operation service fees, the cost of purchasing interior furnishings and household items for social housing, fire and explosion insurance, parking fees, energy, water, television services, communication, remuneration for the social housing management board, and other service costs.
The above rental framework for social housing in Hanoi does not apply to cases where social housing is invested in and constructed with public investment and trade union finances; social housing used as worker accommodation in industrial parks; social housing invested from state capital for the armed forces (if any); or where the lessor and lessee of social housing have agreed on the rent.
In addition, the Hanoi People’s Committee also announced a draft framework for condominium service prices in the city. Specifically, for condominium buildings without elevators, the price ranges from VND 700 – 5,000 per sqm per month, while those with elevators range from VND 1,200 – 16,500 per sqm per month.
These rates do not include revenue from the condominium building’s business services. In cases where there is revenue from other business services belonging to the common property of the condominium, the investor, management board, and management unit are responsible for calculating to offset the condominium service costs, aiming to reduce the condominium service prices.
This framework does not include premium services such as steam baths, swimming pools, cable television, internet, or other luxury services.
“Bình Dương Offers Investors a ‘Zero-Dollar’ Fee Policy for Social Housing Construction”
To attract investment in social housing development, Binh Duong offers complete legal support with zero-cost paperwork and 50% funding for technical infrastructure within the project’s scope.
“Affordable Social Housing in Danang: Rent Starts at VND 57,000 per sqm per month”
In Danang, the rental framework for social housing that is not invested with public capital, has a minimum rent of 57 thousand VND/m2/month and a maximum of 165 thousand VND/m2/month for union financial resources.
“The Murky Waters of Real Estate: A Delicate Dance of Uncertainty and Valuation”
At the 8th session of the 15th National Assembly on October 28, National Assembly deputies pointed out the inadequacies of the current real estate prices and urged the Government to continue implementing social housing policies for low-income earners.
The Local Real Estate Market: Where the Shortage Doesn’t Halt and the Surplus Doesn’t Sell.
“A thorough assessment of the local real estate markets is imperative to identify areas where there is a shortage of development and where there is an oversupply of properties that remain unsold.” This was one of the key messages conveyed by Deputy Prime Minister Tran Hong Ha during the Central Steering Committee meeting on housing policies and the real estate market, held on October 24th.
“Innovating Social Housing: Exploring Solutions for Individually-Built Rental Homes”
In the National Assembly session on October 28, alongside the proposal to reduce real estate prices through bonds, members of the National Assembly suggested that increasing the supply of social housing through encouraging individuals and households to build their own homes is a viable solution that warrants further research and consideration.
