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VN’s average floor area per person is 22.8sq.m
Source: Vietnam+ - 1/10/2017 1:14:07 PM
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Vietnam currently has an average floor area per person of 22.8sq.m, according to a recent report by the Ministry of Construction.

The figure, calculated up to the end of December last year, shows a year-on-year increase of 0.8sq.m and surpasses the ministry’s 2016 housing target of 22.6sq.m per person.

Compared with 2009, each Vietnamese person on average enjoys an additional 6.1sq.m of floor area, which equals to an increase of 0.96sq.m per person per year.

According to Deputy Minister of Construction Do Duc Duy, thanks to the ministry’s programme to build low-cost housing across the country in the past years, hundred thousands of poor and low-income households got the opportunity to improve the quality of their accommodation.

In 2016, a further 0.5 million sq.m of low-cost housing was added in the urban areas, increasing the total area of low-cost housing in urban areas to 3.3 million sq.m.

According to Le Hoang Chau, Chairman of the HCM City Real Estate Association, the growth is an upbeat sign for the sector and for the development of the country.

However, he said it is important to pay attention to devise appropriate policies to develop housing areas equally among different regions as large gaps still persist between urban and rural areas, poor and rich people and among provinces.
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Older News
10/01 Vietnam in dire need of low-cost condos
09/01 HCM City property market epiccentre shifts eastward
07/01 Gov’t urges developers to balance supply, demand
05/01 Housing land prices increase 20-40 percent in HCMC
05/01 Retail, property deals dominate M&A market in 2016
27/12 Hot cash flow in the real estate market in 2017
23/12 Experts present three scenarios for property market next year
21/12 Multi-house owners won’t be taxed in 2017
21/12 Real estate bubble unlikely next year: HoREA
20/12 Experts: realty bubble on horizon
 
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