Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association, said that the credit package of 120 trillion dong does not meet the criteria of a preferential credit package for social housing. — VNA/VNS
HANOI: Experts on the property market are proposing interest rate cuts to loans for investing or buying social housing products to 4.5% to 6% per year from 8.2% to 8.7% at present.
According to a survey from the Vietnam Real Estate Association, investors and buyers of social housing projects must take loans with high interest rates.
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