Demand for social housing units in the 2016-2020 period is estimated at 200,000 units if the demand for 2012-2015 (700,000 units) can be met by the end of this year, according to the Ministry of Construction (MoC).

The demand is particularly high in major cities, with 134,000 units in need in Ho Chi Minh City, 111,200 apartments in Hanoi, and 104,000 and 95,000 units in the southern industrial provinces of Binh Duong and Dong Nai, respectively.

As of the end of 2014, there were 3,978 urban and housing development projects across the country, with a total planned area of 101,391 hectares. Of which, 35,883 hectares are devoted to housing projects, which provide around 462 million square metres of housing space (equivalent to 2,951,100 apartments).

However, by now 306 projects have been cancelled because the investors could not mobilise capital for further implementation.-VNA