HCMC releases transparent information to stabilize housing market

To stabilize the city’s housing market, People’s Committee in Ho Chi Minh City asked the Department of Construction to release transparent information of property project progress and infrastructure.

HCMC releases transparent information to stabilize housing market

City authorities will implement the plan to carry out project “Developing HCMC property market in the period 2016-2020 oriented to 2025 with the vision to 2030.
City authorities also asked the police force to deal with those who spread wrong information of property projects and infrastructure or defraud in property deals.
People’s committees in district have to enhance management on separating land plots as per the regulation and use purpose.
The Banks of Vietnam’s branch in HCMC will prioritize loans for buying social houses as per the Housing Law 2014, for building social housing projects as well as for repairing houses.

By LUONG THIEN - Translated by UYEN PHUONG

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