Prime Minister requires reasonable land allocation for rental housing development
The Prime Minister has issued a new plan for housing development, which requires reviewing and allocating suitable land for rental housing, while completing policies to ensure people's accommodation needs.
Deputy Prime Minister Pham Gia Tuc has signed Decision 1115 of the Prime Minister promulgating the plan to implement the conclusion of General Secretary and President To Lam at a working session with several agencies on the implementation of Directive 34 of the Secretariat on social housing and housing development orientation in the coming time (the Plan).
According to the plan, ministries, sectors, and localities are assigned to synchronously implement many tasks to innovate housing development thinking, ensure the right to legal, safe, and affordable housing for people.
The Government requires a preliminary review of the implementation of Directive 34, and at the same time studies and proposes new mechanisms and policies to complete the legal system related to housing and real estate.
Prioritize rental housing development, complete accommodation policies
Notably, the new orientation focuses on developing rental housing alongside housing for sale. Rental apartment projects will be prioritized in large urban areas, industrial parks, economic zones, high-tech zones, and areas with rapid urbanization.
Rental housing is identified as a strategic segment serving the needs of workers, employees, students, officials, public servants, and armed forces. To promote this segment, the Prime Minister requires studying appropriate policies on land, credit, taxes, and financial mechanisms to facilitate the development of supply at reasonable prices, while encouraging private enterprises to participate in investment.
The plan also emphasizes simplifying administrative procedures in housing development. Processes related to investment, planning, land allocation, construction permits, and access to preferential capital need to be shortened in a single-window, single-point-of-contact manner, ensuring clear responsibilities and processing deadlines.
In addition, localities must review land funds, complete planning, and proactively prepare clean land for housing projects. Housing development must be linked with technical infrastructure, transportation, healthcare, education, and essential social services, especially in new urban areas and industrial development zones.
Another task is to promote digital transformation in the housing and real estate sector. A database system on housing and the real estate market will be put into operation to improve management efficiency, increase transparency, and support policy formulation.
Along with that, strict control over the implementation of preferential housing policies must be ensured to target the right beneficiaries, preventing policy abuse or real estate speculation.
According to the viewpoint emphasized in the plan, housing development is a task with profound social significance, contributing to ensuring social welfare, population stability, and promoting economic growth. The State does not implement housing subsidies but also does not let the market self-regulate completely.
In the coming period, the State will play a creative role through improving institutions, planning, and policies for transparent and sustainable market development. At the same time, social resources, especially private capital, investment funds, and credit institutions, will be strongly mobilized to create more housing supply, especially the rental segment that is prioritized for development.
