The policy landed the real estate market 2014 (20/01/2014)

The housing assistance package rate dropped to 5%

The 2014 land market policy is the decision of the State Bank to reduce the interest rate of credit support in the loan package of 30 trillion dong from 6 percent to 5 percent. Specifically, on January 2, In 2013, the State Bank of Vietnam (SBV) issued Decision No. 21 / QD-NHNN on commercial banks' interest rates in 2014 for outstanding loans for housing loans under Regulated in Circular No. 11/2013 / TT-NHNN dated 15/5/2013.

Accordingly, the governor of the SBV decides on the interest rates of commercial banks applied in 2014 for outstanding loans of housing subsidies in accordance with Circular No. 11/2013 / TT-NHNN dated 15/5/2013 (package of 30,000 billion) is 5% per year. Thus, the new interest rate applicable to housing loans subject to housing assistance is reduced by 1% compared to the interest rate applicable in 2013. .

According to many experts, the adjustment is based on the reality of credit package disbursement quite slow throughout the year. As reported by the Ministry of Construction and the State Bank of Vietnam, by mid-December 2013, the disbursement value of VND 30,000 billion in housing loans was VND 555 billion, out of a total of VND 1,654 billion.

The decision has initially removed some of the psychological anxiety for both businesses whose products are policy and customer. The reduction of interest rates for credit packages is only 1%, but for many real estate companies have converted the commercial housing to social housing increased competition with products on the market. Especially according to forecasts in 2014-2015 many social housing projects will launch new products.

For the people, a housing package of 30,000 billion is still a good opportunity to secure housing. Only thing over time this opportunity is less and less attractive due to the difficult troubles from the procedure. The problem does not stop at high or low interest rates, but rather in the system of regulations and procedures that still do not really create opportunities for people. Together with reducing interest rates, people still set The desire for the procedure will be "loosened" in the near future so that access to the $ 30 trillion package is really an opportunity, not just a paper-based figure, but the results only move year by year.

Allows plotting, selling the background

From January 5, Joint Circular No.20 issued by the Ministry of Construction and the Ministry of Home Affairs to guide the content of Decree 11 / ND-CP has come into force.

Accordingly, the State allows project investors to transfer their land use rights in the form of subdivision or semi-basement after the infrastructure has been completely invested without having to build the raw materials.

Projects that are subdivided or sold must ensure that the criteria are not located in the central area of ​​the city; Not located next to the architectural highlights; The project does not require high architectural management; The projects are not on the pavement of road axes of 16m or more.

Apart from the above four criteria, special urban areas such as Hanoi and Ho Chi Minh City, urban areas under the approval of the Prime Minister, must not be subdivided or sold under strict control of architectural planning. And construction order

Looking at the real estate market is difficult, if the old regulations, urban projects want to transfer the investor must do the construction of rough. Thus, the transfer price including raw construction will be higher, not suitable for solvency of people.

Talking about this issue, Mr. Do Viet Chien - Director of Urban Management and Development Department (Ministry of Construction), unit responsible for drafting circular that previously prohibiting block, Control of urban order, but the reality is the real estate market is difficult. Inadequate in that the investors, especially small investors, after completing the infrastructure, complete financial obligations are not qualified to continue to build raw products for sale. On the side of the people, when buying products that have more expensive homes. On the other hand, not everyone can afford to buy both land and home.

Currently, the subdivision of the platform is not limited to the decree but the Law on Land, which is raised law to remove difficulties for businesses as well as people. With this regulation, according to many reviews It is possible to remove difficulties for businesses and investors to push up the liquidity of products on the market. In early 2014 real estate market has positive signals with many successful transactions. The new policy still needs time to absorb the policy lag to work. Going from the property market policy in 2014 is gradually flourishing. Is "spring" really about to real estate?

Hong Khanh.