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Houses for rent in Hanoi, Vietnam mainly spontaneous

In developing countries, rental housing is very common types. However, House for rent in Hanoi, Vietnam spontaneous style made ​​by people, the number of projects have formed is very low.
In developing countries, rental housing is very common types. However, House for rent in Hanoi, Vietnam spontaneous style made ​​by people, the number of projects have formed is very low. 
 
Even in Hanoi now has 3 new construction projects in social housing (NOXH) lease, hire purchase (20% of land use) is Urban Project CT19 (NUA) Vietnamese Hung (Long Bien district) apartments with size 515; lease purchase project with 300 apartments and scale in urban areas and 300 apartments for rent, 300 apartments to rent in Dang Xa NUA buy Ceramic newly started last May. 
 
Houses for rent in Hanoi, Vietnam mainly spontaneous
 
In Ho Chi Minh City also has several housing projects with a term lease as Le Thanh Twin Towers, Le Thanh Tan Tao ... So with demand, the number of projects is no different little salt in the tank and people also have great competition if you want to rent. 
 
Not only little, the situation at the apartments for rent also makes people not out of pity. Many apartments for rent in the apartment was easy to find cracks, seepage leaking infrastructure also deteriorated rapidly. In addition, the quality of rental housing types are also being questioned after the messy apartment on sale is not as frequent as the occurrence of mold, leaky permeability. 
 
For housing projects, commercial, financial conditions are quite strict as investors closed before making 50-60 million, the remaining amount to be paid in 50 monthly installments $ 6 million to hire 1 apartment within 49 years, also makes many people feel pressured by the rent was, not everyone has enough to pay 6 million home each month. 
 
To encourage the development of rental housing, the state has launched several incentives such as exemption or reduction of land use fees or land rent, exemption of corporate income tax, the preferential credit loans, the PPC provincial support part or all of the investment fund infrastructure building, used area of the 1st floor apartment for rent for business ... draft housing Act (as amended) has also set aside a program to NOXH regulations, which set out a number of policies to encourage this kind NOXH for rent. 
 
However, if radical calculations, these incentives are not enough to attract business. For example, Ceramic, now rare to spend 300 apartments in Dang Xa III project to lease the unit VND/m2/month 25,000 (equivalent to 1 million / month). So now only one year earned about $ 3.6 billion from the apartment number and it takes 30 years to recover the capital. 
 
According to Tran Xuan Hung, Deputy Director of Investment and Infrastructure Development Ceramic, with this collection, if only private rental housing project is impossible. Ceramic themselves must also conduct a project mixture of various types of housing to compensate for other costs. 
 
It is also a business reason for avoiding construction of houses for rent, even when the State has stipulated to spend 20% NOXH construction land for the project area from 10 hectares. The test results of the Ministry of Construction in early 2014 showed that 12 projects are examining the use of land 20%, only 3 projects under construction NOXH, some remaining land is converted to purpose. 
 
Several other projects have spent the majority of land rental housing in the state is also not the clearance. For businesses in commercial building for rent, perhaps this is not the appropriate time, by building rental housing requires abundant sources of equity capital and built new business can proceed business, capital recovery is too long. 
 
According to some real estate experts, besides counting on the enthusiasm of enterprises, the State has to take into account when building plans, lease, even NOXH only kind of a unique identifier provided is for rent. There has to ensure that the funds, land, just increase supply, thereby encouraging and promoting market. 
 
As of this moment, there is 1 new rental projects only because the State is building 512 apartments in Vietnam. However, a heavy-handed way as many countries with developed rental housing, the state paid for a series of urban areas are still open questions that quite probably much longer answer. 
 
(Source SGDTTC)
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