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Daily Real Estate Briefing: New Policies, Urban Planning and Bond Maturity Pressure

The day’s key real estate developments center on policy and planning measures in major cities. The Government has assigned the Ministry of Construction to report in November on housing supply, liquidity, prices, transactions and property inventory, providing an overall update on the market’s health. In Ho Chi Minh City, authorities have proposed support for people who purchased houses or land through handwritten documents between after July 1, 2014 and before August 1, 2024, with support equivalent to land compensation when the property is recovered. The city is also considering land-rent exemptions, tax incentives and shorter procedures for outlet shopping center projects, while accelerating public investment disbursement and key projects such as the Moc Bai Expressway, Metro Line 2 and the Xuyen Tam Canal. In addition, four land lots in Thu Thiem, with a total area of nearly 43,000 square meters, have been allocated to Dai Quang Minh Company to settle the BT contract for the Thu Thie...
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Daily Real Estate Briefing: Ho Chi Minh City Accelerates Key Projects as Market Health Report Is Required

Vietnam’s real estate market is seeing a series of notable developments as improving transparency and promoting growth remain key priorities. The Government has assigned the Ministry of Construction to report in November on the market’s “health”, focusing on supply, liquidity, prices, transactions and inventories. In Ho Chi Minh City, the city has proposed land-rent exemptions, tax incentives and shortened procedures for outlet shopping center projects that meet specific area criteria. The city is also accelerating public investment disbursement and the progress of major projects, including the Moc Bai Expressway, Metro Line No. 2 and the Xuyen Tam Canal. Notably, four land lots in Thu Thiem, with a total area of nearly 43,000 square meters, have been allocated to Dai Quang Minh Company as payment under the BT contract for the Thu Thiem 2 Bridge project, now known as Ba Son Bridge. The Politburo has also concluded on the Ho Chi Minh City master plan with a 100-year vision, requiring it...
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Daily Real Estate Briefing: Bond Pressure, Ho Chi Minh City Planning and Key Projects

Vietnam’s real estate market recorded a series of notable developments, ranging from financial pressure to infrastructure progress and urban redevelopment. Nearly VND 47 trillion in real estate bonds will mature in the fourth quarter, while the total value of bonds maturing over the next 12 months is expected to reach VND 235 trillion. Some businesses are facing additional pressure as real estate bond interest rates rise to 12.5% per year, higher than bank interest rates. From a policy perspective, Minister of Finance Ngo Van Tuan said that identifying unused land for the application of a 0.2% tax must be based on land legislation and carried out through coordination between tax authorities and land management agencies. In Hanoi, the Truong Dinh apartment complex, consisting of 10 two-story buildings and approximately 257 apartments, is on the list of buildings to be demolished. The area is expected to be redeveloped with a project comprising a 30-story above-ground building and thre...
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Real Estate Briefing: Central Ho Chi Minh City Land Auctions and Key Projects Accelerate

Vietnam’s real estate market recorded several notable developments, particularly in Ho Chi Minh City. A series of prime properties in the city center associated with Truong My Lan were put up for auction, with total starting prices reaching thousands of billions of Vietnamese dong. As previous auctions were unsuccessful, two other properties were announced for another reduction in their starting prices by nearly VND15 billion. In a related development, Ho Chi Minh City allocated four land lots in Thu Thiem, with a combined area of nearly 43,000 square meters, to Dai Quang Minh Company as payment for the BT contract of the Thu Thiem 2 Bridge project, now known as Ba Son Bridge. Ho Chi Minh City is also accelerating public investment disbursement and the progress of key projects, including the Moc Bai Expressway, Metro Line 2 and the Xuyen Tam Canal. The city’s master plan with a 100-year vision is expected to become a tool for development planning, efficient spatial organization and t...
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Real Estate Brief: Apartment Supply to Rise as Housing Prices and Rents Remain Challenging

The real estate market is showing contrasting developments across multiple segments. While housing prices in major urban areas have moved beyond the affordability of many residents, the rental housing segment is considered to have room for growth but still faces challenges related to supply, rents and mechanisms to attract business investment. In Ho Chi Minh City, nearly 43,000 apartments are expected to be added to the market by the end of 2027, with most concentrated in suburban areas, although the current average primary asking price has exceeded VND 100 million per square meter. The city has also added 147 land sites to a pilot list for housing projects, but the process from vacant land to completed homes may still encounter significant legal obstacles. In the shophouse and commercial property segment, many premises on busy streets remain vacant because of high rents and changing business models. Some landlords accept leaving properties unused rather than making deep rent cuts, whi...
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Daily Real Estate Briefing: Ho Chi Minh City Expands Supply as Commercial Premises Remain Vacant

Today’s real estate news focuses on notable developments in Ho Chi Minh City. Nearly 43,000 apartments are expected to be added to the market by the end of 2027, with most concentrated in suburban areas, while the average primary asking price has already exceeded 100 million VND per square meter. The city has also added 147 land plots to a pilot list for housing projects, raising expectations for increased supply, although the process from vacant land to completed homes still faces significant legal obstacles. In Thu Thiem, the total value of five land lots has been determined at more than 18.253 trillion VND, providing a basis for setting starting prices at auction. Meanwhile, many premises on busy commercial streets remain vacant ahead of the peak shopping season because of high rents and changes in business models.
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Daily Real Estate Briefing: Land Policy, Housing Supply and Notable Projects

Vietnam’s real estate market continues to see notable developments across land policy, housing supply, auctions and urban development. Today, November 2, is the deadline for paying non-agricultural land use tax. Taxpayers should complete the procedure on time to avoid late-payment charges from tomorrow. Overdue payments are subject to a daily charge of 0.03% of the outstanding tax amount, although certain cases remain eligible for exemption or reduction. In Ho Chi Minh City, 147 land plots have been added to the pilot list for housing projects, raising expectations for new supply, although the process of turning vacant land into completed homes still faces legal obstacles. The city has also valued five land plots in Thu Thiem at more than VND18,253 billion, providing a basis for determining starting prices at auction. Meanwhile, Quy Nhon is auctioning the land-use rights of surplus public offices on central roads, with starting prices ranging from nearly VND70 million to more than VND8...
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