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: Infrastructure Accelerates, Property Prices Diverge and Year-End Funding Pressure Builds

Vietnam’s real estate and infrastructure markets are seeing a number of notable developments. Vingroup, ACV, Deo Ca, CII and PV GAS are stepping up investment in projects ranging from National Highway 13, expressways and sea-crossing roads to LNG power and Long Thanh Airport. Around September 2, a series of major projects were launched, opening up new development space and expected to reshape Ho Chi Minh City’s economic map and redistribute land values over the next 10 to 20 years. However, the impact of this investment wave will not be measured only by real estate price growth, but also by the ability to unlock capital and the market’s capacity to absorb new supply and activity. In Can Tho, authorities are carrying out procedures to select investors for the Song Mai Dam and Rach Cai Nai urban areas, which have a combined area of nearly 340 hectares and preliminary total implementation costs of more than VND16.4 trillion.

In Ho Chi Minh City, plans to widen National Highway 13 to 60 meters continue to fuel expectations for infrastructure and business activity, while property prices along the route have risen by more than 33% over the past five years, reaching nearly VND300 million per square meter in some locations. Prices are also differentiated across Ung Van Khiem, Ma Lang and Cho Ga, Cho Gao, with some street-front properties in Ma Lang offered at more than VND1 billion per square meter. Nevertheless, buyers are advised not to act solely on expectations of price appreciation when purchasing near metro lines, as connectivity, travel costs and infrastructure progress may not meet expectations. New minimum-area requirements for land subdivision are expected to limit the creation of excessively small plots and help reduce the problem of ultra-thin and irregular houses in Ho Chi Minh City.

On the financial and regulatory front, some banks began lowering home-loan interest rates at the end of August, but the average level in September remains high at around 11% per year. Dai Quang Minh plans to raise VND1 trillion through bonds, with Thaco guaranteeing all payment obligations and secured assets valued at VND2 trillion. Meanwhile, many real estate businesses continue to face bond maturity pressure toward the end of 2026 as cash flows have yet to recover in time. HoREA has proposed changing the management approach for tourist apartments and serviced offices according to their functions, allowing short-term property rentals through online platforms and recognizing electronic contracts. From September 1, each land plot and structure is assigned a unique 12-digit electronic identification code. Residents can access publicly available location information through VNeID and will not need to resubmit data already available when completing administrative procedures. In the luxury segment, Hong Kong’s high-end housing market is heating up as many foreign finance directors, mainly from Europe and the United States, relocate there. Meanwhile, Le Parc Place at ParkCity Hanoi is being introduced as a living space surrounded by nature, parks and waterways.

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