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 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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