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 ...
Post a Comment

Daily real estate briefing: Old apartment prices remain high as proposal seeks to hold 5% of home payments until certificates are issued

Today’s real estate landscape features notable developments in policy, infrastructure and housing prices. Deputy Prime Minister Pham Gia Tuc agreed to assign the Ministry of Construction to lead the preparation of a pre-feasibility study report for the Railway Industrial Complex project, while experts noted that the effectiveness of metro development should not be measured solely by the number of projects breaking ground. In addition to mobilizing capital, progress, costs and the ability to put projects into operation on schedule are also decisive factors. In Hanoi, authorities have proposed removing the maximum five-year validity limit for houses built under time-limited construction permits. Under the proposal, newly built houses would be limited to a maximum of four floors and a total height of under 18 meters.

In the housing market, prices for old walk-up apartment buildings in central Ho Chi Minh City remain high, with some units reaching 100 million VND per square meter despite limited amenities and construction dates stretching back many years. In Hanoi, a land auction in O Dien Commune attracted more than 200 customers and 500 applications. Seventy-one lots were successfully auctioned, generating nearly 375 billion VND in winning bids. Meanwhile, the Gia Binh 2 International Airport Urban Area, covering approximately 450 hectares with total investment of more than 72 trillion VND, has found an investor. Infrastructure is expected to continue supporting the market, as seen in the expanding connectivity around central Vinh and the advantages created by the widening of National Highway 13 for the Diamond Sky project at Van Phuc City.

Regarding buyer protection policies, the Ministry of Construction has proposed retaining 5% of the contract value in a bank account until buyers receive their land-use certificates. The proposal appeared in two news reports, highlighting continued concern over delays in certificate issuance. Ho Chi Minh City has also requested stronger support for residents carrying out online land and housing procedures, while shortening the processing time for eligible applications. In addition, the handling of violations and remediation at 12 housing projects linked to companies within the Muong Thanh Group ecosystem is expected to follow three stages, from establishing a special mechanism to relocation and demolition. The market also recorded that Vietnam was among the world’s 10 fastest-improving real estate markets in terms of transparency, although it remains in the semi-transparent group and trails several markets in the region.

Comments

Post a Comment

Popular posts from this blog

Daily Real Estate Briefing: Thu Thiem Takes Shape as Ho Chi Minh City Expands Social Housing and Hanoi Addresses Violating Apartments

The real estate market continued to see notable developments in major urban areas. In Ho Chi Minh City, a series of key construction projects and mega real estate developments, with total investment reaching hundreds of trillions of dong, are gradually shaping a new appearance for Thu Thiem Urban Area. The city has also proposed support of up to 10 billion dong for each old apartment renovation project, along with mechanisms concerning planning, investment and resettlement. Notably, Ho Chi Minh City is preparing a supply of approximately 27,000 social housing units in 2026, toward a target of 181,257 apartments by 2030, while continuing to remove obstacles related to land funds and procedures. At the same time, hundreds of millions of US dollars in foreign investment in manufacturing projects are increasing the appeal of industrial real estate and driving demand for industrial land and factories in Vietnam. In Hanoi, adjustments to the Red River urban planning are continuing after th...
Read more

Daily Real Estate Briefing: Tax Debts, Apartment Prices and New Developments in Capital and Infrastructure

The real estate market continues to see notable developments in Ho Chi Minh City. A number of property companies are topping tax debt lists published by tax authorities, including one enterprise owing more than VND329 billion. Ly Khuong Production and Trading Co., Ltd., which was recently fined for illegally selling 682 apartments, currently owes VND46.6 billion and tops the list at Tax Administration Unit 13 in Ho Chi Minh City. Meanwhile, the Ho Chi Minh City Department of Construction requires property developers and real estate exchanges to use electronic identification and log into the system through VNeID to report and disclose project information, with the aim of improving market transparency. In the housing segment, prices of older apartments have declined amid slow purchasing power, while prices of new apartments remain high. Average primary apartment prices in the third quarter exceeded VND100 million per square meter as new supply was concentrated in luxury and ultra-luxur...
Read more

Daily Real Estate Briefing: Ho Chi Minh City Tightens Project Disclosure as Hanoi Attracts Nearly 400 Million USD in Foreign Capital

The real estate picture today records notable developments in Ho Chi Minh City and Hanoi, ranging from stronger data transparency and infrastructure funding to changes in land policy. The Ho Chi Minh City Department of Construction has asked property developers and real estate trading floors to complete electronic identification and log into the system through VNeID to report and disclose project information. The city is also collecting feedback on a plan to issue bonds through the International Financial Center to raise funds for key projects, with the consultation period running from October 6 through October 16. In October, Ho Chi Minh City is expected to auction five land lots associated with 3,790 resettlement apartments in the Thu Thiem New Urban Area. The starting land-use rights price and construction value will be determined at the time of the auction. In infrastructure, several large-scale projects in Ho Chi Minh City are being accelerated. Among them, the road connecting t...
Read more