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 ...
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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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