Empowering Young Homebuyers: Navigating the Property Market with Expert Insights
During the “Buy a House with Salary Installments” talk show hosted by Tuổi Trẻ Newspaper on August 22, financial and real estate expert, Dr. Đinh Thế Hiển, addressed the concerns of young people facing limited housing options. He suggested that in the current context, apartments offer a feasible solution for salaried individuals.
Dr. Đinh Thế Hiển recommends secondary apartments as a suitable choice for young buyers.
For young families, a well-planned approach and a long-term vision of 10-15 years can lead to successful homeownership. With a monthly income ranging from 30 to 45 million VND, they can consider purchasing mid-range apartments. Dr. Hiển emphasizes the importance of determination and encourages young people to live frugally in the initial stages. He suggests that with a 30-year bank loan, increasing income over time can lead to full repayment within 15 years. Currently, the prices of secondary apartments are reasonable, making them a wise choice.
Mr. Lê Hoàng Châu, Chairman of Ho Chi Minh City Real Estate Association, calls for a restructuring of supply to make housing more affordable.
Mr. Lê Hoàng Châu, Chairman of the Ho Chi Minh City Real Estate Association, pointed out the challenge of limited housing supply. In the first half of 2025, only over 3,000 new apartments were available in the city, compared to 43,000 in the same period in 2017. Since 2021, there has been a significant shortage of social housing projects, with most completions being carry-overs from previous phases.
Young people primarily rely on two sources of housing: social housing and affordable commercial housing. To make homeownership more accessible, extended loan periods of 25-30 years with stable interest rates, rather than short-term incentives, are necessary. With reasonable interest rates, buyers can aim to fully pay off their homes within 15 years.
Mr. Châu urged businesses to reconsider their supply strategies to offer more affordable housing options.
To address the supply issue, the Chairman of the Ho Chi Minh City Real Estate Association emphasized the need for authorities to resolve legal obstacles for housing projects and encouraged the business community to actively engage in the development of social housing.
Mr. Nguyễn Xuân Quang, Chairman of Nam Long Investment Joint Stock Company, emphasizes the need for synchronized policies to create affordable housing.
Mr. Nguyễn Xuân Quang, Chairman of Nam Long Investment Joint Stock Company, highlighted the importance of collaboration between stakeholders, including policymakers, developers, and banks, to create affordable housing. Developers need to focus on cost reduction from the planning and design stages, as well as collaboration with material suppliers and contractors, and work closely with banks to deliver competitive products to customers.
Additional support in the form of financial obligations related to land, legal hurdles, building permits, and investment procedures can further contribute to reducing costs.
According to experts, with quality products and strong bank partnerships, young people should feel empowered to make bold decisions about purchasing their first homes, thus achieving the dream of “an cư lạc nghiệp.”
How Can a Family with a Monthly Income of VND 24 Million Afford to Buy a House?
“For young families with a combined income of VND 24 million per month (VND 12 million per person), owning a modest home is within reach. With a 20-year mortgage, they can take advantage of affordable monthly payments and achieve the dream of homeownership.”
Great News for Danang’s Residents
With an impressive 1,800 social housing units set to be completed this year, a significant opportunity arises for the residents of Danang to access affordable housing.
A Home for All: Social Housing Opportunities
The Prime Minister’s agreement to raise the income threshold for social housing eligibility to 20 million VND per person per month offers a glimmer of hope for many aspiring homeowners.
Affordable Housing Gets an Upgrade: Are Skyrocketing Prices Justified?
In recent years, the Hanoi condominium market has witnessed an intriguing paradox. Projects that were once considered affordable have now reached, and in some cases, surpassed the price threshold of luxury developments. However, the quality and amenities remain largely unchanged. This anomaly presents a unique challenge for homebuyers, as they navigate a market where price tags no longer align with traditional expectations of value.
Hot: Affordable Social Housing Units Starting at Just VND 133 Million per Unit to Go on Sale Soon
Introducing a residential project that goes beyond just homes – it’s a community. This development boasts a vibrant community center, along with essential auxiliary structures such as a parking lot and underground water tanks, all complemented by a seamless technical infrastructure.
