Experts emphasised the need to channel funds into less risky segments like social and affordable commercial housing to ensure a balanced real estate market. They also urged swift implementation of new regulations under the Housing Law and Land Law to shorten the project timelines.
Real estate is a major factor in credit growth, particularly the demand for home loans. Home loans are still slow over the first seven months of the year even though many banks have been offering very competitive interest rates.
SGGP Newspaper has conducted an interview with Deputy Director Nguyen Quang Thanh of HFIC about the interest rate support scheme for priority projects since this August.
