Tag: highest savings interest rate increase

The Hanoi People's Committee is seeking feedback on a draft framework for rental prices of social housing projects in the city that are not publicly funded or financed by trade union finances. The proposed framework sets a maximum rental rate of 198,000 VND per square meter per month for these properties.

The Hanoi apartment market is experiencing a significant surge in prices, with social housing costs skyrocketing to a range of VND 40-45 million per square meter, and some units even exceeding VND 50 million. Prospective buyers are now facing the reality that purchasing social housing comes with a hefty price tag, requiring billions of VND to even enter the conversation. This unprecedented rise in prices has caught the attention of many, highlighting the changing landscape of the real estate market in Hanoi.

In a market where affordable housing is scarce, a long-dormant real estate project in Ho Chi Minh City's west has been resurrected.