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...
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Real estate & market highlights: HCMC central-home prices around 1 billion VND/sqm; land-data review until 2027; riverside planning and new urban zones in Hanoi

As the real estate market continues to show notable movements, price-related information points to sharp competition concentrated in inner-city areas. Reports indicate that in central HCMC, some segments have reached close to 1 billion VND per square meter, especially near boundary zones, reflecting a rising cost base for housing within the core urban area. In another development, attention is drawn to large land parcels put up for bidding with a wide pricing gap: a land lot of over 10,000 sqm was noted with a starting price of about 2,968 billion VND and is scheduled for an auction in early September, adding to the picture of ongoing uncertainty in valuation and supply.

Equally notable is the group of updates related to land management and planning. The direction mentioned emphasizes reviewing and handling cases of misuse, improper purpose, or delayed implementation; the land-data settlement is targeted to be completed by 2027. In HCMC, proposals concerning the Sài Gòn River waterfront are highlighted, calling for dedicated planning for the riverside corridor with a 100-year vision, stressing that this riverfront is a shared asset and that no new commercial projects should be built. In Hanoi, the local authority has approved documents for an urban-functional zone spanning more than 75 hectares, with total investment of roughly 20,247 billion VND, located near major transport routes.

Alongside these, investment and infrastructure signals also stand out. Regarding corporate activity, VNG was cited for a plan to spend 480 billion VND to acquire a company holding a land area of over 25,000 sqm in HCMC, aiming to expand land resources for development of a data center. For regional connectivity, information about three bridges in and around HCMC is presented as a factor expected to improve linkage and unlock the potential of existing infrastructure. Taken together, these developments suggest that today’s real estate landscape is shaped by both pricing dynamics and policy/plan adjustments, as well as capital flows and infrastructure progress.

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