The HCM City People’s Committee has issued a regulation on the management and utilization of social housing in the city.
Accordingly, people to be considered for renting or buying social housing are public servants and officials, officers, and professional military staff who have at least three years’working experience at State units, have signed a indefinite-term labour contract and are paid salaries from the State budget.
Prices to lease social housing that are low-rise buildings in rural areas range from VND13,000/sq.m/month to VND20,000/sq.m/month. For apartment buildings, rental prices vary from VND15,000/sq.m/month to VND28,000/sq.m/month.
The minimum price to buy social housing is VND18,000/sq.m/month and at most VND30,000/sq.m/month, and buyers have to put down a deposit of 20% of the house’s value.
Social housing renters can only use the house while he/she is working for agencies and companies managed by the HCM City administration. Social housing can be used for accommodation purposes only and cannot be transferred in any form, except for inheritance.
Accordingly, people to be considered for renting or buying social housing are public servants and officials, officers, and professional military staff who have at least three years’working experience at State units, have signed a indefinite-term labour contract and are paid salaries from the State budget.
Prices to lease social housing that are low-rise buildings in rural areas range from VND13,000/sq.m/month to VND20,000/sq.m/month. For apartment buildings, rental prices vary from VND15,000/sq.m/month to VND28,000/sq.m/month.
The minimum price to buy social housing is VND18,000/sq.m/month and at most VND30,000/sq.m/month, and buyers have to put down a deposit of 20% of the house’s value.
Social housing renters can only use the house while he/she is working for agencies and companies managed by the HCM City administration. Social housing can be used for accommodation purposes only and cannot be transferred in any form, except for inheritance.
Source: HCM City
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