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: 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.

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