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 Highlights: VietinBank expands real estate investment; Vingroup updates seal after logo change; Tokyo office rents surge; Hanoi drives housing and infrastructure projects

In the real estate sector, VietinBank is expected to officially sign a deal to transfer ownership of an office tower currently under construction at Ciputra to a leading real estate enterprise, as reported by Vietcap Securities. In parallel, Vingroup announced it will update its seal design after changing its logo to mark its 33rd founding anniversary, with the new seal effective from August 15. Turning to urban development, a land area of nearly 3.5 hectares in Kim Lien Ward is set to see two towers reaching 568 meters, with an estimated total investment of roughly 3 to 3.5 billion USD, described as aiming to become the tallest building in the world.

On the global market and city life, average office asking rents in central Tokyo hit the highest level in 30 years. The increase is linked to demand for office space rising while supply remains tight. In Vietnam, housing remains a key concern as discussions compare the option of buying versus renting under the gap between income and property costs, including an example of monthly rent around 20 million VND for an apartment in central areas. Hanoi is also pushing housing development with 114 social housing projects approved for investment in 2026, with some projects expected to begin construction within the year.

Regarding infrastructure and urban governance, information indicates that the Hanoi–Quang Ninh expressway project may serve around 830 households in Hai Phong that are expected to be relocated to support the project, while related resettlement areas are forecast to start construction in December. In administrative oversight, the People’s Committee of Ho Chi Minh City issued a fine of 280 million VND to City Garden Joint Stock Company for violations related to housing management and disclosed details regarding the sale of houses to foreign individuals and organizations. Other updates in today’s news include developments related to investment plans in Thủ Thiêm and the approval to adjust the investment policy for the Đà Phước international urban area project in Da Nang, with capital of nearly 55,000 billion VND.

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