The People’s Committee of Ho Chi Minh City has issued Decision 113, promulgating the rental rates for old public housing properties in the city, hereinafter referred to as the “old house rental rates.”
This decision applies to agencies, organizations, and units involved in the management and operation of old public housing rentals, as well as individuals and organizations currently renting old public housing in the city.
Accordingly, the rental rates for houses that were allocated for use before July 5, 1994, and have not been renovated or rebuilt (Group 1) are as follows:
For villas of Grade I, the rate is 11,300 VND/m²/month; Grade II is 13,500 VND/m²/month; Grade III is 15,800 VND/m²/month, and Grade IV is 24,800 VND/m²/month.
The rental rates for ordinary houses of Grade I are 6,800 VND/m²/month; Grade II is 6,300 VND/m²/month; Grade III is 6,100 VND/m²/month, and Grade IV is 4,100 VND/m²/month.
Ho Chi Minh City’s old house rental rates will increase from December 3, 2024. Photo: HOANG TRIEU
For houses that were allocated for use before January 19, 2007, and have been renovated or rebuilt by the State; or houses that were not originally intended for residential use but were allocated for residential use from July 5, 1994, to before January 19, 2007 (Group 2), the rental rates will be the same as those for social housing, calculated by multiplying the standard rate by the ratio of the increase in the basic salary by 1.5.
For houses allocated for use from January 19, 2007 (Group 3), the rental rate is calculated by multiplying the standard rate by the ratio of the increase in the basic salary by 3.
The ratio of the increase in the basic salary is determined by the minimum wage set by the Government at the current time compared to the minimum wage set by the Government in 2008 according to Decree 166/2007.
This decision takes effect from December 3, 2024, replacing Decision 22/2018 of the Ho Chi Minh City People’s Committee on the promulgation of rental rates for old houses owned by the State in the city. From December 3, 2024, in case the Government adjusts the basic salary upwards, the house rental rates will be adjusted accordingly in proportion to the increase in the basic salary as prescribed.
Compared to Decision 22, the rental rates for old public housing in Groups 1 and 2 remain unchanged, while Group 3 has seen an increase in the multiplier from 2 to 3.
The Ho Chi Minh City People’s Committee assigns the Director of the Department of Construction to take responsibility for implementing and guiding the uniform implementation of this Decision in the city. The Director is also responsible for reporting to the People’s Committee on any difficulties or obstacles arising in the implementation process for further handling.
The unit managing and signing the contract for renting old public housing shall adjust the rental price in the contract for renting old public housing accordingly.
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