Effective ways to revitalise real estate market

6 local businesses have registered to receive loans.  They are Sun Group borrowing 2,500 billion VND, the Trung Nam Group 1,800 billion VND, the Da Nang Mien Trung (Central Region) Corporation 600 billion VND, the Dac Mạnh Joint Stock Company (JSC) 500 billion VND, the Bac Nam 79 Construction JSC 300 billion VND, and the Khoi Phat JSC 300 billion VND.

Under the instructions of the Da Nang authorities, units in the social housing projects funded by the city’s budget and private enterprises will be offered to social policy beneficiaries, low-income earners, and displaced households affected by city development projects.  In addition, they will be sold to those in need.

The Director of the Da Nang Department of Construction, Mr Pham Viet Hung, stressed the need to accelerate the construction of housing projects to increase the supply.  He added that top priority should be given to facilitating access to bank loans for housing developers in order to help them expedite their projects and reduce the price of their apartments for buyers.

The Department also suggested the city’s authorities should allow local poor married workers to access the city’s social housing programme in order to stabilise their lives.

These effective measures are expected to help the city ensure its social welfare, as well as revitalise its real estate market.

In addition, it is suggested that local banks should offer loans to those who are in need of housing.  Special attention should be paid to stimulating customer demand as well as increasing the consumption of building materials.

From Danang Today