Hanoi’s housing development programme for 2021-2030 to increase investment attraction

The programme will identify local demand for houses and land areas for various types of housing construction  

According to Vietnam News, the Hanoi People’s Committee has authorised the plan for the city’s housing development  programme for 2021-2030.  

For that reason, authorities will conduct surveys and assessments concerning the circumstances of commercial housing, social housing, official residence, resettlement housing, and private housing in urban and rural areas. Such evaluations will set goals for housing development and construct predictions on the demand for housing among social welfare beneficiaries.  

The programme will determine local demand for houses and land areas to build various types of housing in the city. 

Hanoi aspires to build a system of suitable solutions to ensure modern, sustainable, and climate change-adaptive housing development, in order to grow investment attraction and a healthy real estate sector. 

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As stated by a report on residential real estate outlook 2021, Hanoi’s real estate price trend in 2021 will carry on owing to enhancing investment in infrastructure. SSI experts said that on top of improving metro lines, the continuous improvement of the inner-city road system and transportation system to suburban districts will positively impact land price and boost real estate demand.  

Moreover, steel prices have increased by 45 percent, pushing input costs up, and resulting in higher prices for new apartments, shophouses, townhouses, and villas.  

With the development of traffic infrastructure and increased steel prices, Hanoi’s housing prices are anticipated to spike due to a lower supply of apartments, shophouses, villas, and townhouses.