The lacking of low priced apartments is still

Vietnam has fewer than half of the low-income houses it targets in 2020, according to data from the Ministry of Construction (MoC). According to statistics, social networks account for more than 5.1 million square meters of living space, only 41.4 percent of the target of 12.5 million square meters of living space proposed in the National Housing Strategy 2020. According to real estate experts, the supply of affordable apartments was still very limited. The more expensive segment than the low-income segment was also not easy to find as the need to improve housing for people with limited incomes grew. -Income people in urban areas and workers in industrial parks, including 507 independent housing projects and 533 social housing projects built on 20 percent of the land fund for commercial housing and urban development projects.So far, only 248 projects with a construction scale of more than 103,500 apartments have been completed on a total area of ​​more than 5.1 million square meters. Another 264 projects with a construction scale of around 216,500 apartments and a total area of ​​approx. They built 10.8 million square meters. While the low-price segment dominates the total number of transactions in the market, the offer will not improve further until the end of 2022.