Daily Real Estate Briefing: New Developments in Interest Rates, Infrastructure and Major Projects

Vietnam’s real estate market is seeing notable developments in lending, prices and project progress. Following calls for continued reductions in funding costs, several banks have adjusted lending rates, while experts say real estate credit should be classified according to risk levels rather than governed by a single mechanism. Although home loan rates remain above 11% a year, the market has begun to show greater competition on interest rates, with potential opportunities emerging from discounted properties. However, several townhouses in Ho Chi Minh City remain difficult to sell despite price reductions of VND10 to 16 billion, as prices remain high and sellers face heavy financial pressure. Apartment buyers at the A&T Saigon Riverside project have also been warned of the risk of losing hundreds of millions of dong paid to secure purchase priority if the amount collected under a consulting agreement is not refundable. In policy and infrastructure, the mechanical application of la...
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Daily Real Estate Briefing: Land Expansion, TOD Development and Rising Legal Pressure

The real estate market continues to record notable developments in Hanoi and Ho Chi Minh City. The Future Red River Group has been allocated an additional 273 hectares of land by Hanoi, bringing the total area allocated after two phases to more than 429 hectares for the development of a nearly 700-hectare multifunctional urban area in the north of the capital. Meanwhile, Ho Chi Minh City plans to use public investment capital to implement independent projects and establish land funds around metro stations under the TOD model, while allowing investors to propose project scales from the planning stage. Together with Ring Road 3, the highway and metro networks are expected to improve connectivity from northeastern Ho Chi Minh City to Long Thanh International Airport, the Cai Mep - Thi Vai port complex and Vung Tau Ward.

In the housing segment, real estate prices are considered unlikely to fall sharply even though home loan interest rates remain above 11% per year. Competitive interest rate signals and discounted properties are providing buyers with additional options, as they increasingly prioritize properties suitable for living, business or rental purposes rather than simply following price waves. In Ho Chi Minh City, several townhouses priced at tens of billions of dong have been discounted by 10 to 16 billion dong but remain difficult to sell because prices are still high and sellers face heavy financial pressure. In Da Nang, the growth in international visitors is creating room for the accommodation market, particularly commercial service apartments along the Han River that attract investors due to their profit potential.

Alongside infrastructure opportunities, legal issues and transaction transparency remain major concerns. The Binh Hoa Ward People’s Committee has asked the Ho Chi Minh City Department of Construction to inspect and handle agreements and transactions related to the A&T Saigon Riverside project following a collective complaint from residents. Several customers said they had paid 300 to 600 million dong in priority purchase deposits and were concerned about losing the money after their agreements were terminated because they requested full legal documents. Ho Chi Minh City has also fined Ly Khuong Trading Manufacturing Company 900 million dong for violations in real estate business activities involving 682 apartments at Dream Home Riverside. In addition, draft regulations on land and housing, old apartment building redevelopment, renovations of violating houses and the State’s potential acquisition of stalled real estate projects continue to attract public attention, while questions over valuation bases and subsequent operating plans remain unresolved.

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