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Daily real estate briefing: Rising supply, slower apartment price growth and strong social housing demand

The real estate market continues to see notable developments as supply rises sharply after a prolonged period of compression. Nearly 100,000 products have been introduced to the market, raising concerns about oversupply, although liquidity at many new projects shows that demand for quality products remains. In Ho Chi Minh City, apartment price growth is slowing as supply improves and purchasing power weakens, while forecasts suggest that a significant correction could emerge between 2028 and 2030. Hanoi is also expected to enter a period of adjustment and clearer market segmentation over the next two years. In the social housing segment, more than 12,000 people registered to compete for 750 apartments, highlighting strong demand while developers continue to face obstacles related to capital, profit margins, procedures and land funds. In Me Linh, the Minh Duc social housing project includes 612 apartments, of which 551 are expected to be offered for sale at an estimated price of nearly ...
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Daily Real Estate Briefing: New Policies, Apartment Prices and Market Capital Flows

Vietnam’s real estate market is seeing notable developments across legal policy, credit and housing demand. Residents can now access VNeID to read the full texts of three important draft laws related to land and housing, select their level of approval and submit feedback. However, in property transactions, the paper land-use certificate still needs to be carried until the fully electronic certificate issuance process is activated. Notably, the draft amended Housing Law proposes several compensation options when old apartment buildings are demolished, allowing residents to choose housing, land or cash. The Ministry of Construction has also stated that residents’ property rights are not lost when an apartment building reaches the end of its service life and will be handled in accordance with regulations. From a market perspective, high lending rates and the continuous arrival of new supply are making buyers, particularly young people, more cautious despite continued demand and accumula...
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Daily Real Estate Briefing: Thousands of Projects Unblocked, Me Linh Social Housing and Apartment Price Outlook

The domestic real estate market is seeing notable developments, ranging from legal problem-solving and social housing development to adjustments in supply and prices. As of September 15, more than 3,400 stalled real estate projects nationwide had been addressed, representing total investment capital of over VND 2.5 quadrillion. At the same time, policies in the draft amended Land Law are being carefully reviewed, while amendments to the Law on Real Estate Business are expected to help resolve difficulties affecting resort properties developed over nearly 20 years. However, policy opening is still being considered alongside requirements to protect buyers and avoid legalizing violations. A proposal to impose higher taxes on vacant land has also been raised as a tool to limit land hoarding for speculative price increases, although clear criteria are needed to avoid affecting people with genuine usage needs. In Hanoi, the Minh Duc social housing project in Me Linh is expected to provide ...
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Vietnam Real Estate Daily: Over 3,400 Projects Unblocked Amid Rising Legal and Lending Pressures

Vietnam’s real estate market has recorded several notable moves concerning legal obstacles and the handling of idle assets. As of September 15, more than 3,400 troubled real estate projects nationwide had been addressed, involving total investment capital of over VND 2.5 quadrillion. The Ministry of Finance has also asked central agencies and localities to urgently review and approve plans for handling surplus houses and land after administrative reorganizations, with completion required this year. In addition, Deputy Prime Minister Ho Quoc Dung chaired a meeting on the draft amended Land Law and called for a careful review of its policies. In logistics, a new direction is being considered: moving from development based on administrative boundaries toward organization by economic regions, economic corridors and supply chains. Notably, amendments to the Law on Real Estate Business are expected to create an opportunity to resolve issues surrounding resort real estate assets that have b...
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Real Estate Briefing: Metro Land, Rising Loan Pressure and Hot Apartment Issues

The real estate market is seeing notable developments, from new approaches to exploiting land around metro lines to financial pressures and legal issues affecting housing projects. In Ho Chi Minh City, experts say the city should not focus solely on maximizing revenue from land around metro stations to offset infrastructure costs. Instead, the TOD model should be developed toward nurturing long-term revenue sources for the urban area. Meanwhile, outstanding credit for real estate projects involving restaurants, hotels, tourist areas and resorts in Ho Chi Minh City reached VND 30 trillion at the end of August, up 12.5% year on year. In the housing segment, real estate companies recorded VND 29.815 trillion in profit in the second quarter, a 265% increase from the same period, mainly driven by bulk sales, project transfers and divestments. Financial pressure is becoming more apparent for homebuyers as floating mortgage rates exceed 16% per year, while car loan rates can reach 18% per y...
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Real Estate News Roundup: Condominium Regulations, High Interest Rates and New Market Movements

Vietnam’s real estate market is seeing notable developments in condominium regulations, social housing, credit and the handling of public assets. Rules on condominium service life are being clarified to ensure safety, support inspections and address deteriorating buildings, but the expiry of a building’s service life does not mean residents automatically lose ownership of their apartments. Meanwhile, the Ministry of Finance has asked central agencies and local authorities to urgently review and approve plans for handling surplus houses and land after administrative restructuring, with completion targeted within this year. A draft amendment to the Housing Law also proposes that foreigners would no longer be allowed to own villas and attached houses in projects as they currently can, while condominium ownership would remain permitted. In Hanoi, the legal situation surrounding the HH Linh Dam complex continues to draw attention. Many households have waited more than 10 years for ownersh...
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Real Estate News Digest: Resort Credit Rises, Old Apartments Stay Expensive and Social Housing Gains Attention

The real estate market continues to record notable developments in major urban areas. In Ho Chi Minh City, outstanding credit for hotels, restaurants, tourist areas and resort properties reached VND 30 trillion by the end of August, up 12.5% year on year. The State Bank of Vietnam also allowed the additional outstanding loans of these sectors to be excluded from real estate credit balances during the year. Meanwhile, prices at many old apartment buildings, particularly walk-up residential blocks in central areas, remain high, with some listings reaching VND 100 million per square meter despite deteriorating infrastructure, a lack of elevators and limited parking. These properties continue to command high prices because of their prime locations. The renovation and handling of deteriorating residential areas remain a focus. At HH Linh Dam, the plan to address violations and remedy consequences at 12 housing projects connected to businesses within the Muong Thanh Group ecosystem is expe...
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