Ba Ria - Vung Tau: Workshop on "Experience in implementing social housing projects..."
- 272
- Business
- 15:19 15/07/2024
DNHN - On the evening of July 13th, the Provincial Architects Association of Ba Ria - Vung Tau held a workshop on "Experience in implementing social housing projects by Ong & Ong Group in Singapore and Malaysia, lessons learned for Vietnam".
On the evening of July 13th, the Provincial Architects Association of Ba Ria - Vung Tau held a workshop on "Experience in implementing social housing projects by Ong & Ong Group in Singapore and Malaysia, lessons learned for Vietnam". The workshop was attended by leaders of the Vietnam Architects Association, the Provincial Department of Construction, and representatives from various sectors, industries, and professional associations within and outside the province.
Architect Nguyen Duc Lap, Chairman of the Provincial Architects Association, provided a keynote report. He highlighted the provincial policy to develop a social housing fund to provide stable housing for a segment of officials, civil servants, public employees, and armed forces personnel currently living in rented or borrowed accommodations. This initiative has garnered special attention from the Provincial Party Committee and the Provincial People's Committee.
According to Mr. Nguyen Duc Lap, from 2015 to 2020, the province completed 22 social housing projects with a total of 3,321 apartments. This included 9 projects for low-income individuals and 13 projects for workers.
Despite the efforts, the number of social housing units only meets about 20% of the demand for workers and low-income individuals in the province. Most migrant workers rent rooms from local residents around industrial zones, with the highest demand in Vung Tau City and Phu My Town.
Projections indicate that by 2025, with 16 industrial zones in operation, there will be approximately 12,000 workers needing housing. By 2030, with 19 industrial zones operational, the number of workers needing housing is expected to be around 15,000.
The need for social housing for officers and professional soldiers in the armed forces is projected to be 918 individuals from 2021-2025 and 889 individuals from 2026-2030. For civil servants and public employees, the demand is estimated at 4,078 individuals by 2025 and 4,732 individuals by 2030.
For low-income individuals, surveys and research suggest that by 2025, about 65,513 people will need social housing support, and this number will increase to approximately 72,288 by 2030 (including the demand from 2021-2025).
According to architect David Ching Heng Hoe, in Singapore, the Housing and Development Board (HDB) is tasked with providing affordable housing. HDB flats are leased for 99 years, meaning the ownership is temporary.
HDB flats come with a 99-year lease and are returned to HDB for redevelopment at the end of the lease. Buyers can utilize bank loans, HDB loans, cash payments, or funds from the Central Provident Fund (CPF), which is a social security savings plan for retirement.
The development of social housing in Singapore is integrated with existing urban infrastructure, including roads, transportation, schools, medical services, and recreational facilities.
HDB has built hundreds of thousands of apartments in social housing projects. These residential areas are planned as "new town" models, with full amenities including restaurants, shops, schools, and even religious facilities. The town centers often have clinics, bus stops, subway stations, or shopping centers. The buildings vary in height, but the typical apartment size ranges from 32 to 130 square meters.
Singapore began constructing social housing at the end of the 1940s. In the following decade, the country built 20,000 apartments but still insufficient to meet the needs of about 1.6 million people. After the Housing and Development Board (HDB) was established in 1960, 31,000 new apartments were built.
"In 1964, the Singapore government issued a homeownership program for its citizens, which became the foundation of Singapore's social housing policy. A few years later, in an effort to help more people own homes, Singapore allowed citizens to use savings from the government's retirement fund to make down payments and monthly installments when purchasing homes," said Mr. David Ching Heng Hoe.
It is known that recently, the People's Committee of Ba Ria-Vung Tau province issued a directive to enhance the development of social housing within the province. This has been identified as a political task, where local authorities play a decisive role in the success of the social housing development program. The directive requires the heads of departments, agencies, and chairpersons of the People's Committees of districts and cities within the province to create favorable conditions regarding land, administrative procedures, etc., to mobilize real estate businesses, enterprises employing many workers, and citizens to participate in investing in the development of social housing, especially for workers in industrial zones and clusters within the province, aiming to improve housing for the people and workers.
Bich Lien
Related news
#Real estate
More than 1,000 new real estate businesses established in Ho Chi Minh City, transactions grow
In the first nine months of 2024, Ho Chi Minh City's real estate market witnessed the establishment of over 1,000 new businesses and recorded 1,600 property transactions, signaling a positive recovery trend.
Pilot project for commercial housing to expand land use rights
The National Assembly Standing Committee has submitted a pilot project on commercial housing through land use rights agreements for National Assembly consideration, aiming to unlock resources.
Assoc. Prof. Dr. Tran Kim Chung: The 1987 Land Law laid the foundation for the real estate market
Assoc. Prof. Dr. Tran Kim Chung, former Deputy Director of the Central Institute for Economic Management, states that the 1987 Land Law laid the groundwork for the development of the real estate market.
Draft resolution on commercial housing: A new opportunity for the real estate market
Amid the challenges facing Vietnam’s real estate market, the addition of a Draft Resolution piloting commercial housing projects brings renewed hope to citizens and promises to boost economic development.
Social housing loan package increased to VND 145 trillion
The social housing loan package, originally valued at VND 120 trillion, has been raised to VND 145 trillion with the participation of nine banks, drawing attention from businesses and consumers.
What should real estate businesses do during a recession cycle?
When the real estate sector enters a recession cycle, businesses in the industry face significant challenges.
Đọc thêm Business
Korean businesses wants to import agricultural and seafood products from Ca Mau
Korean businesses have expressed a desire to import agricultural and seafood products from Vietnam, while also researching and developing cosmetics and pharmaceuticals from the unique ingredients of Ca Mau.
An Giang rolls out the red carpet to attract investors with 60 promising projects.
The conference introducing the potential and unique products of An Giang province in Ho Chi Minh City is not just a simple investment promotion event, but also a bridge connecting businesses and investors with a land full of development potential.
Vietnam promotes a strategy to penetrate the Middle Eastern Halal market
Vietnam is boosting its Halal exports by leveraging its agricultural strengths and upgrading its certification system to meet the growing global demand, particularly in Middle Eastern markets.
Banks inject capital to support export businesses accelerating at the end of 2024
At the end of 2024, export businesses are ramping up production, increasing orders, and receiving preferential credit support from banks to maintain sustainable growth.
Why are Vietnamese startups not focusing on the domestic market?
The reality of Vietnamese startups overlooking the domestic market is one of the notable issues in the current context of socio-economic development.
QuickPack Group (Germany) invests Eur30 million in Dong Tam Group'S Southeast ASIA Long An Industrial Park in Long An (Vietnam)
On November 18, 2024, in Cologne, Germany, Dong Tam Group (Vietnam) officially signed a Memorandum of Understanding (MOU) for an investment cooperation with QuickPack Group (Germany).
International trade connection program in Ca Mau 2024
The program aims to promote trade and enhance the image of Ca Mau province to international partners, while also fostering economic cooperation and the development of high-tech agriculture in the region.
Gold peaks, stocks languish: Experts identify opportunities for investors
Gold prices have peaked due to political and monetary factors, but face the risk of adjustment. Stocks remain difficult to recover due to weak liquidity and ongoing foreign net sales.
General Secretary Tô Lâm sounded the alarm on preventing and combating waste
General Secretary Tô Lâm has addressed visible waste and identified invisible forms of waste, delivering a powerful message with profound awakening implications...
Electricity price hike and the long-term energy dilemma
With EVN's third price hike since 2023, rising electricity costs burden households and industries. Experts warn that sustained losses threaten future power projects, urging reforms to boost investment and ensure energy security.