Daily Real Estate Briefing: Dai Quang Minh’s Strong Profit, Billion-Dollar Projects and New Market Developments

Vietnam’s real estate market recorded several notable developments. Dai Quang Minh Real Estate reported consolidated after-tax profit of VND 1.043 trillion in the first half of the year, more than six times the figure recorded in the same period, while its total liabilities exceeded VND 51.5 trillion. In Hanoi, applications are expected to be accepted for 164 social housing units at the NHS Trung Van and NHS Phuong Canh projects, with prices starting at VND 16.6 million per square meter. However, not everyone is eligible to register for purchase. In Ho Chi Minh City, authorities have proposed support for buyers of homes and land acquired through handwritten documents between after July 1, 2014 and before August 1, 2024, at a level equivalent to land compensation when the property is recovered. Meanwhile, the city’s new framework for apartment management fees ranges from VND 600 to VND 13,700 per square meter per month in wards and communes, and reaches VND 24,700 per square meter per m...
Post a Comment

Property, Planning & Home Trends: Notable updates on projects, procedures and financial considerations

In the real estate sector, transactions and project implementation plans continue to draw attention, including developments tied to “joint purchasing” dynamics and adjustments in land supply based on companies’ scheduled plans. From a financial angle, homebuyers face growing pressure in a high-interest period, with warnings about the risk of a prolonged “interest rate wall” that can strain household cash flow when borrowing rates may reach 13–15% per year. Experts also highlight the need to consider the right timing rather than rushing decisions, focusing on strategies to manage pricing and reduce risk.

On the market side, Hanoi is reported to have multiple “mega project” style areas concentrated in residential and social zones, with a stated total area of up to 157 hectares. In Ho Chi Minh City, developments related to residential projects for foreign buyers are noted, including updates connected to Thu Thiem’s complex and conditions for foreign ownership, while the city also records land-recovery developments in the Hi-Tech Park area when about 51 hectares are reclaimed because the investment has been terminated. At a broader scale, Đồng Nai is referenced with planning directions for new riverside urban spaces covering roughly 3,100 hectares.

Beyond market and planning updates, infrastructure-related news remains prominent. The Ministry of Construction proposes additional adjustments for certain route segments, including improvements such as station upgrades and investment in specific sections to enhance the overall efficiency of route exploitation. Regarding planning transparency, Ho Chi Minh City is set to collect and update datasets across multiple fields, including planning and construction information, to support access by individuals and organizations. Finally, home design and technology trends are also covered: smart apartment models are positioned as a direction emphasizing safety, comfort, and optimized operating costs, alongside suggestions for simple, cost-conscious ways to refresh interiors without major renovations.

Comments

Post a Comment

Popular posts from this blog

Daily Real Estate Briefing: Land Policies, Social Housing and Market Developments

The real estate market is seeing a series of proposals and policies that could directly affect supply, housing prices and access to homes. Notably, removing the specific land price mechanism is expected to boost supply and create more opportunities for homebuyers if approved and implemented consistently. The Government has also proposed a 0.2% tax rate on vacant land and land brought into use late. Another proposal would assign an identification code to each land parcel to trace transaction histories, verify prices and limit the practice of declaring two different prices. The proposal to recover land from projects that remain unused for more than 60 months has also been considered reasonable, although it would be necessary to distinguish between investors deliberately delaying implementation and projects facing legal obstacles. During the revision of the Land Law, Ho Chi Minh City is expected to introduce new regulations on compensation and site clearance and issue a land price table m...
Read more

Daily Real Estate Brief: Home Prices Outpace Affordability as Hanoi Reviews 250 Projects

Vietnam’s real estate market continues to face a paradox as home prices may equal more than 30 years of income and remain beyond the reach of most residents, while the urban homeownership rate is still among the highest in the world. This pressure is increasingly evident in Hanoi and Ho Chi Minh City, where scarce land, rising input costs and the dwindling supply of affordable apartments are pushing prices higher. At the same time, real estate inventory is tending to increase, highlighting the need to expand supply in line with actual demand. The Ministry of Construction is also clarifying when social housing may be resold after five years and the regulations governing such transfers. In Hanoi, the management and handling of delayed projects and violating buildings remain key priorities. The city is reviewing 250 delayed projects funded outside the state budget, involving approximately 7,013 hectares of land, to mobilize resources for development. Regarding HH Linh Dam apartments, a ...
Read more

Daily Real Estate Briefing: High Housing Prices, Supply and Policy in Motion

The real estate market continues to present a paradox: housing prices in Hanoi and Ho Chi Minh City are extremely high compared with incomes, yet the homeownership rate remains among the highest. Experts note that buyers may need more than 30 years of income to afford a home, while selling prices and growing property inventories remain major concerns. In Hanoi, the absorption rate for primary apartments was only 31% in the third quarter, sharply down from 70 to 80% in the same period last year, while the average selling price remained around VND 108 million per square meter. In Ho Chi Minh City, efforts to remove obstacles and simplify procedures have helped increase supply, contributing to a decline in the overall price level. However, housing prices remain beyond the affordability of most residents. Regarding supply and policy, Ho Chi Minh City has approved a social housing project in Ba Diem Commune, covering nearly 192 hectares with total investment of more than VND 64 trillion a...
Read more