The ministry also proposed to expand the package to include customers wanting to purchase commercial housing worth VND 1.05 billion ($47,000) per unit and expand the number of commercial banks able to apply the package. The package will be expanded to include owners of social housing contracts signed before January 7, 2013, but which have yet to conclude payments on their instalments. The MoC also agreed with the state bank’s proposal that the deadline for housing loans sourced via the government’s VND30 trillion ($1.4 billion) real estate market stimulus package be extended from an original 10 to 15 years for repayments.
The minister specifically requested that cities and provinces refuse the go-ahead of new commercial housing developments and that any final decision on such cases should rest with the prime minister.
In the latest report of the Ministry of Construction (MoC) on the real estate market submitted to the prime minister, Minister Trinh Dinh Dung proposed that the Vietnamese government solutions to stimulate the market be continued with further adjustments to ease access to credit for the purchase of social housing. The Ministry of Construction have tweaked proposals for the $1.4 billion stimulus package.
VietNamNet Bridge – The Vietnamese government’s continued support of stimulus packages for the property sector are expected to offer more hope to property firms and buyers this year as the market begins its early-year recovery.
0 kommentar(er)
