The draft amended Housing Law proposes allowing social housing (NƠXH) to be resold only after 5 years and only to eligible buyers, instead of being transferred under the current market mechanism. Many opinions say a clear transitional mechanism is needed to protect those who bought under the old rules. A resident of the Đại Kim social housing project in Hà Nội said current listings are around 60-65 million VND/m², 4-5 times the original price of over 14 million VND/m², and worried that narrowing buyer eligibility and capping prices would hurt existing owners' rights. Lawyer Hoàng Hà (Ho Chi Minh City Bar Association) said the policy must clarify who can buy resold units, set transparent and objective pricing rules, and adopt transitional provisions based on when the buyer's rights were established. He argued that buyers who signed valid contracts before the new law takes effect should keep resale rights under the old rules, even if they have not held the home for 5 years or do not yet wish to sell.
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Original headline: Siết bán lại NƠXH sau 5 năm: Quyền lợi người đã mua ra sao?
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VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/29/2026 | 1,755.61 |
| Change that session | -0.62% |
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Related news
- Construction Minister: Social housing cannot be resold at market price after 5 years
Construction Minister Trần Hồng Minh said social housing is a humanitarian policy supporting low-income people, so after 5 years it cannot be resold at market price and must be sold to the eligible beneficiaries to prevent policy abuse. Most National Assembly deputies supported the policy but asked for controls on selling prices after 5 years, while some proposed that owners transfer only to investors, who would then resell to buyers. Current social housing prices range from VND 15-29 million per m2 depending on the locality, reflecting construction, infrastructure and interest costs. From now to 2030, localities are assigned 899,857 units for development, including 191,023 rental units; Ho Chi Minh City has the highest target at 181,257 units. The National Assembly will vote on the draft Law on Housing (amended) on November 21, and if passed, it takes effect July 1, 2027.
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Deputy Nguyen Ngoc Son (Hai Phong delegation) commented on the draft amended Housing Law at the afternoon session on Oct. 28, agreeing with social housing development and management rules but asking for clarity on how prices are set. Under the draft, investors can build the project themselves or hire consultants to verify prices before approval, and must audit and settle investment costs after acceptance. Son proposed publicly disclosing the components of sale and rental prices, independent post-audits by risk level, and a duty to refund buyers when costs are unreasonable or invalid. He also called for income criteria tied to local prices and living costs, linking housing data with land and population data to curb speculation and misuse, and shifting from boosting supply to meeting residents' ability to pay.
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The Government's draft amended Housing Law tightens rules on reselling social housing after 5 years to prevent policy exploitation. Under the draft, once the full purchase price is paid and 5 years have passed, owners may resell social housing only to people eligible for social housing support, whereas the current law allows market-based transfers with no restriction on buyers. For rent-to-own social housing, a tenant who no longer needs the unit may have to terminate the contract and return the home, rather than transfer it freely as under current rules. Sales, rent-to-own and lease transactions for social housing would also need to be recorded in the national housing and real estate market information and database system.
- Proposal to withhold 5% of bank-held home purchase payments until buyers get red books before paying developers
Justice Minister Hoàng Thanh Tùng presented to the National Assembly on October 22 a draft amended Law on Real Estate Business with 10 chapters and 61 articles. Under the draft, developers could not collect more than 95% of contract value until buyers receive land-use right and property ownership certificates, and the remaining 5% would sit in an account at a credit institution, going to the developer only after certification or once the buyer agrees to handle the procedures; buyers would keep any interest earned. The draft would also let provincial People's Committee chairs approve transfers of all or part of projects that the Prime Minister approved in principle. The Economic and Financial Committee asked that the law set principles for managing the 5% and handling risks, and clarify the “voluntary” element.
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