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: Bond Debt Pressure, Land Identification Codes and New Infrastructure Momentum

The real estate market is seeing notable developments both domestically and internationally. In Hong Kong, the luxury housing market is heating up as more foreigners move to the city, with most foreign finance directors relocating there currently coming from Europe and the United States. In Vietnam, financial pressure continues to weigh on real estate businesses as bonds worth thousands of billions of dong mature toward the end of 2026. With cash flow yet to recover, many developers have been forced to request debt extensions. Mortgage interest rates of 13 to 16 percent per year are also pushing many genuine homebuyers toward renting, putting further pressure on liquidity and highlighting the need to improve access to credit.

Regarding policy and urban development, HoREA has proposed changing the management framework for tourist apartments and serviced offices, while allowing short-term property rentals through online platforms and recognizing electronic contracts. From September 1, each land parcel and construction project is assigned a unique 12-digit electronic identification code. Residents can look up publicly available location information on VNeID and enjoy additional benefits when handling procedures, including not having to resubmit data already available in the system. Can Tho is carrying out procedures to select investors for the Mai Dam River and Rach Cai Nai new urban areas, covering nearly 340 hectares in total with preliminary implementation costs exceeding VND16,400 billion.

Infrastructure remains a key factor shaping price expectations and development space. National Highway 13 in Ho Chi Minh City is expected to be widened to 60 meters, while property prices along the route have risen by more than 33 percent over the past five years, reaching nearly VND300 million per square meter in some locations. A series of major projects launched around September 2 is expected to create new development space and redistribute land value over the next 10 to 20 years, although funding and market absorption remain challenges. In Ma Lang, an urban renovation project has officially started, with residents hoping for on-site resettlement, fair compensation and stable livelihoods. Meanwhile, asking prices for homes around West Lake commonly reach hundreds of millions of dong per square meter, exceeding VND1 billion in some places. Eight land plots in the new Cau Giay urban area are also set to be auctioned, including a 231-square-meter plot with a starting price of nearly VND41 billion. Lifestyle updates include tips for cleaning bathroom floors and kitchen cabinets, removing odors and preventing floors from becoming sticky.

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