Low-income houses will be occupied if the buyers or renters do not move in within three months.
Low-income houses will be occupied if the buyers or renters do not move in within three months.
The Hanoi People's Committee has recently revised regulations on sales, leasing and use of low-income housing in urban areas.
Purchasers will be required to submit a commitment to occupy their homes along with photos of family members before signing a contract with low income house project developers.
Potential buyers or lessees must receive their salary from the State budget and be registered as a temporary or permanent resident in a district in the city of Hanoi.
The tighter regulations are aimed to deal with the increasing number of fraud cases in the low-income housing market.
During an online forum, the Minister of Construction, Trinh Dinh Dung, said, despite the slump in the real estate market, prices remain out of the reach of many people. The Government is making plans to assist low-income households. The Government will also use public funds to construct apartment complexes and take steps create conditions to encourage investors to build affordable housing.
Source : dtinews.vn