Vietnam aims to build 100,000 social houses by 2025, and other reports

For PropertyGuru’s real estate news roundup, Vietnam is accelerating efforts to build 100,000 social houses by 2025 to address the increasing demand for affordable housing. In other updates, the Philippines is poised for a startup boom, bolstered by government incentives and a rapidly improving digital infrastructure. And a look back at 20204: Saudi Arabia’s office rental market continues to experience significant growth in the third quarter of 2024, driven by an undersupply of prime office spaces.

Vietnam strives to complete 100,000 social houses by 2025

Vietnam is accelerating efforts to build 100,000 social houses by 2025 to address the increasing demand for affordable housing. VietnamPlus reports that the Ministry of Construction has introduced policies to encourage developers to invest in social housing projects, aiming to provide homes for low-income groups and workers in industrial zones. These policies include offering developers reduced land use fees and concessional loans. Despite challenges, including limited land availability and high costs, the government remains committed to achieving this goal.

Incentives, digital infrastructure to fuel startup growth in PHL

BusinessWorld says the Philippines is poised for a startup boom, bolstered by government incentives and a rapidly improving digital infrastructure. The government and private stakeholders are prioritising efforts to expand internet connectivity and foster innovation hubs. Tax incentives and grants are also being introduced to attract entrepreneurs and investors. The country is positioning itself as a regional hub for tech innovation and entrepreneurship with these measures.

LOOK BACK 2024: Undersupply continues to drive rent growth in Saudi Arabia’s office sector in Q3 2024: Report

Saudi Arabia’s office rental market continues to experience significant growth, driven by an undersupply of prime office spaces. A recent Economy Middle East report revealed that rental prices in key cities like Riyadh and Jeddah surged during Q3 2024, reflecting strong demand from businesses seeking high-quality office spaces. The Kingdom’s ambitious economic diversification efforts under Vision 2030 are attracting multinational corporations, intensifying the demand for commercial real estate. Analysts predict this trend will persist as new supply remains constrained.

The Property Report editors wrote this article. For more information, email: [email protected].