Prevent the real estate market from overheating or freezing

CAO NGUYÊN |

The National Assembly's resolution on real estate market management assigns the Government to direct agencies to prevent the market from overheating or freezing.

The National Assembly has issued Resolution No. 161/2024/QH15 on real estate market management and social housing development.

Accordingly, in the period of 2015 - 2023, the real estate market has made progress in terms of market size, quantity, scale of real estate projects and participants, playing a very important role in creating momentum for socio-economic development, while contributing to the implementation of social security policies, gradually meeting people's housing needs.

However, the promulgation and implementation of policies and laws on real estate market management still have some shortcomings and limitations. These include the content on resources to implement fiscal policies to support the development of social housing.

The organization and implementation of laws on real estate market management and social housing development is still weak and ineffective. Localities have a fear of making mistakes and a term mentality, leading to poor direction of project implementation in the area and untimely resolution of procedures.

Many localities have not paid attention to developing social housing, housing for workers and laborers in industrial parks; have not paid attention to planning and allocating land funds for independent social housing projects.

The Resolution also sets out tasks and solutions, in which the Government is assigned to direct ministries, branches and localities to continue to proactively monitor the situation and developments of the real estate market.

Strengthen research, analysis and forecasting to promptly take measures to regulate and improve the market on the principle of respecting market rules and ensuring sustainable development goals.

Prevent the market from overheating or freezing, negatively affecting the overall development of the economy and causing social consequences.

There are regulatory measures to diversify products for the real estate market, harmonize supply and demand, increase real estate supply suitable for the income of the majority of people, meet housing needs, and ensure social security.

There are fundamental, long-term solutions to bring real estate prices back to their intrinsic value, preventing manipulation and the use of land use rights auctions to create price fever.

Focus on perfecting housing mechanisms and policies to achieve the goal of people having housing that meets work requirements and is suitable for their income, and synchronously implementing salary reform policies.

Focus on developing social housing for rent in urban areas using public investment capital. Have strong enough incentive and incentive policies to attract domestic and foreign social resources to invest in building social housing and renovating and rebuilding old apartment buildings, works that have expired their useful life, and urban embellishment.

Continue research to propose mechanisms and policies to promote social housing development such as: research to form a social housing development fund or a suitable financial institution model to develop social housing.

Research the establishment or set up the operating mechanism of state-owned enterprises specializing in investing in social housing development... according to the provisions of law, ensuring the consistency and synchronization of the legal system.

CAO NGUYÊN
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