Vietnam PM Advocates Increased Housing to Cool Surging Real Estate Prices

Housing affordability is a pressing issue in various regions, with prices rising significantly and outpacing wage growth. In Pickens County, Georgia, limited housing supply amid increased demand has driven median home prices above $387,000, reflecting a national trend where median home prices doubled from 2000 to 2025. In Vietnam, Prime Minister Pham Minh Chinh has called for accelerated housing development and reforms to curb soaring real estate prices, which have risen 5.6% this year, making property unaffordable for many; his administration also aims to streamline procedures for developers and promote social housing for low-income residents. Meanwhile, Indonesia's real estate market faces challenges balancing tax reforms with the goal of delivering one million affordable vertical housing units, with experts advocating gradual tax adjustments and collaboration between government and developers to sustain market confidence and growth. Additionally, innovative low-cost housing solutions using bamboo in Myanmar have proven resilient against natural disasters, providing dignified shelter for displaced families at minimal cost. Together, these developments illustrate diverse approaches worldwide to address the complex challenge of affordable housing amid economic and demographic pressures.