Hanoi: Businesses and industry experts are calling for stronger incentives, easier access to capital and land, and streamlined procedures to accelerate rental housing development in Ho Chi Minh (HCM) City as home prices rise and demand from urban workers grows.
The issues were discussed at the 89th HCM City Union of Business Associations (Huba) Business Cafe programme on “Social Housing and Rental Housing: Housing Solutions for Workers” held in HCM City last week.
Nguyen Ngoc Hoa, chairman of the Huba, said housing is not only a fundamental need for residents but also a key factor in helping businesses attract and retain skilled workers. But buying a home often creates a heavy financial burden on young families.
Rental housing offers a more flexible and affordable option, reducing the need for large upfront payments and allowing workers greater mobility in cities, he said.
“However, the transition from a homeownership-driven market to a rental-based one presents new challenges for developers. Instead of recovering capital quickly through property sales, investors must rely on rental income over many years, requiring a different approach to financial planning.” — Viet Nam News/ANN
