At a meeting on April 23, chaired by Provincial Party Secretary Thái Đại Ngọc, officials reviewed progress and ongoing challenges in implementing housing policies and regulating the property sector. The leadership called for a comprehensive audit of all projects, with strict measures including revoking licences for those that are behind schedule or not implemented.
The province’s real estate market has shown early signs of recovery since 2025, driven mainly by social housing and land plots serving genuine residential demand.
Authorities have approved 16 projects covering more than 1,000 hectares, with total registered investment of around VND 57.5 trillion (approximately USD 2.3 billion). Transactions have exceeded 63,800 units, worth nearly VND 24 trillion (about USD 960 million).
Administrative reforms have significantly reduced project approval timelines, cutting processing times from 239 days to 60 days for projects outside industrial zones, and from 145 days to 38 days within them.
Social housing remains a central focus. Under the national plan to build one million units by 2030, Gia Lai has already implemented 16,713 units, effectively meeting its assigned target of 16,600 units ahead of schedule. In 2025, the province completed 742 units, while more than half of the 2026 target of 2,000 units has already been achieved.
Housing prices vary widely, with social housing priced between VND 11.5 million and 22.7 million per square metre (USD 460-908), commercial apartments from VND 23 million to 60 million (USD 920-2,400), and land plots ranging from VND 15 million to 100 million per square metre (USD 600-4,000).
Despite progress, officials acknowledged persistent challenges, including slow implementation of some projects, high housing prices relative to incomes, and limited access to preferential credit.
Difficulties in land clearance and land price determination remain key bottlenecks, particularly following administrative restructuring at the local level.
Access to the VND 145 trillion (USD 5.8 billion) preferential credit programme has also been limited, with only VND 66 billion (about USD 2.64 million) disbursed so far. Banking officials cited legal hurdles, funding access constraints and weak project implementation capacity among some investors.
In response, provincial leaders instructed agencies to accelerate site clearance, tighten control over land subdivision and sales, and strengthen oversight of social housing eligibility. They also emphasised the need to prioritise credit access for those with genuine housing demand, including young public sector workers.
In his concluding remarks, Thái Đại Ngọc urged authorities to align housing development with planning and actual demand, ensure synchronised infrastructure, and complete the 2026-2030 housing development programme. He also called for stronger enforcement against speculation, price manipulation, illegal brokerage and misinformation that could destabilise the market.
Departments and local authorities were directed to enhance accountability, improve transparency, and closely monitor land prices and construction material supply. The Department of Construction will continue to coordinate implementation and advise on regulatory improvements to ensure effective policy execution.
