Abstract

Vietnam is pushing to expand the supply of social housing by revising the Housing Law to improve the housing shortage and living environment for low-income people. Due to the continuously increasing demand for social housing among low-income households in Vietnam, there is a need to provide about 1 million additional social housing units after 2020. This study is based on a feasibility study from 2020 to 2021 with the support of the Ministry of Land, Infrastructure and Transport, following the MOU between Korea Land and Housing Corporation and Da Nang City in 2019. The study analyzed social housing laws and a housing preference survey conducted among local Da Nang residents, analyzed development conditions for the pilot project candidate site proposed by Da Nang City, and calculate the appropriate sales price. The purpose of the study is to derive problems and implications and suggest directions for promoting demonstration social housing projects in Da Nang. To summarize the survey results, first, Da Nang City has established a social housing supply plan until 2030 according to the Da Nang City Master Plan Vision 2050, but it is concentrated in Son Tra and Lien Chiau districts, which requires a balanced supply. Second, the location of the candidate site was judged to be competitive, and the sales price, which was calculated taking into account the developer's profit of 10% as suggested by the Housing Law, was verified to be reasonable compared to the market price of currently supplied social housing in the surrounding area. Third, as a result of a survey of 873 Da Nang citizens, most of the respondents were eligible for social housing without paying income tax, and more than 94% showed an intention to buy a house. For the actual project, it should be accompanied by a plan for an appropriate business structure, such as developing the social housing type preferred by Da Nang citizens, exploring the establishment of joint ventures with local enterprises, and ensuring competitiveness in construction costs.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call