As part of the consultation process for the draft Special Urban Law, the Ho Chi Minh City Real Estate Association (HoREA) has proposed several measures aimed at promoting the development of commercial housing that is affordable for middle- and low-income households.
Clearly defining the useful life of apartment buildings could create additional housing options, with units subject to a...
When housing costs rise beyond affordable levels, workers face greater barriers to accessing the city, as a significant...
Proposed changes concerning land pricing, apartment building lifespan, compensation and resettlement, rental housing dev...
On the morning of August 24, the National Assembly passed the Urban Development Law with 465 votes in favor, equivalent...
The 2025 Construction Law introduces a number of significant changes to the preparation, appraisal, and implementation o...
The Government is proposing new regulations on the financial obligations and rights of apartment owners when residential...
Several important proposals are being considered as Vietnam moves to amend three major laws governing the real estate se...
At the first extraordinary session of the 16th National Assembly, Prime Minister Le Minh Hung said amendments to the 202...
The Ba Diem Social Housing Urban Area is part of Ho Chi Minh City’s efforts to expand social housing supply and meet gro...
Clearly defining the useful life of apartment buildings could create additional housing options, with units subject to a...
When housing costs rise beyond affordable levels, workers face greater barriers to accessing the city, as a significant...
Proposed changes concerning land pricing, apartment building lifespan, compensation and resettlement, rental housing dev...
On the morning of August 24, the National Assembly passed the Urban Development Law with 465 votes in favor, equivalent...
The 2025 Construction Law introduces a number of significant changes to the preparation, appraisal, and implementation o...
The Government is proposing new regulations on the financial obligations and rights of apartment owners when residential...
Several important proposals are being considered as Vietnam moves to amend three major laws governing the real estate se...
At the first extraordinary session of the 16th National Assembly, Prime Minister Le Minh Hung said amendments to the 202...
The Ba Diem Social Housing Urban Area is part of Ho Chi Minh City’s efforts to expand social housing supply and meet gro...
One of the key recommendations is to authorize the Ho Chi Minh City People's Committee to determine the maximum selling and rental prices for affordable commercial housing.
According to HoREA, introducing a price cap would provide a legal framework for developing commercial housing projects that primarily serve genuine housing demand, while making homeownership more accessible to a broader segment of the population.
At present, Vietnamese law does not provide a specific legal definition for affordable commercial housing, nor does it establish a mechanism for determining maximum prices for this housing category.
Under the proposed framework, project developers would continue to have the flexibility to formulate their own pricing strategies based on their business plans. However, the selling or rental prices would be required to remain within the maximum limits established by the Ho Chi Minh City People's Committee.
In return, projects within this housing segment may become eligible for preferential policies and incentives, provided they satisfy the requirements set forth under the future Special Urban Law.
HoREA also recommends including affordable commercial housing among the special policy categories applicable to Ho Chi Minh City.
If approved, the city could establish dedicated mechanisms covering areas such as:
According to the proposal, expanding the city's regulatory authority would enable local authorities to introduce policies that better reflect market conditions and local housing needs.
Against the backdrop of persistently high housing prices in Ho Chi Minh City and a limited supply of affordable homes, the proposed policy framework is expected to encourage greater private-sector participation in developing affordable commercial housing projects.
Should supportive incentives and more streamlined investment procedures be introduced, the supply of commercial housing targeting middle- and low-income households could improve in the coming years, contributing to a more balanced and diversified housing market.
The above measures are currently proposals submitted during the consultation process for the draft Special Urban Law and have not yet become official regulations.
Any provisions regarding housing price caps, preferential policies, or the expanded authority of Ho Chi Minh City will only take effect after they have been reviewed, approved, and formally enacted by the competent authorities in accordance with applicable legislative procedures.
Reference Sources: Draft Special Urban Law; proposals submitted by the Ho Chi Minh City Real Estate Association (HoREA).