English
Authorities and construction companies have raised concerns that limited demand for low-income housing estates will lead to profiteering among speculators.
According to the Ministry of Construction, there are 527 low-income housing projects with a total registered investment of VND132 trillion (US$7 billion). Together these projects aim to provide more than 205,000 apartments for 821,000 low-incomer earners.
Yet to date only 55 projects have started; according to Nguyen Manh Ha from the ministry.
Vo thought the fact low-income earners had to mobilise VND300 million to buy an apartment remained a major barrier to further sales.
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