Daily Real Estate Briefing: Infrastructure Push, Major Projects and Housing Finance Pressure

The domestic real estate and infrastructure market has recorded several notable developments. Hanoi is proposing special mechanisms to accelerate seven major railway projects, with land compensation upon recovery potentially reaching up to twice the prescribed level. The city is also introducing a fully online and fee-free process for certain procedures to correct red-book information when the error was caused by a state agency. These moves come as urban railways and transit-oriented development are increasingly expected to shorten connection times, expand living spaces and reshape how the market defines expensive and affordable real estate. At the national level, the Ministry of Construction is calling for public-private partnership investment in a series of key expressway projects for 2026-2030, with total capital of nearly VND 923 trillion.

At the local level, tourism, urban and resort projects continue to attract attention. The site-clearance plan for more than 182 hectares at the USD 2 billion project in Van Don has been approved, with more than 138 hectares handed over. A company under Sun Group has proposed developing an ecotourism complex with a safari park in Ba Vi, covering nearly 581 hectares with expected investment of VND 10 trillion. After two rounds, the Song Hong Future Group has been allocated more than 429 hectares by Hanoi to develop a nearly 700-hectare multifunctional urban area in the north of the capital. Meanwhile, Vinpearl is scheduled to simultaneously open key facilities at the ESG mega-urban project Vinhomes Green Paradise Can Gio on July 1. In the housing segment, 60-square-meter expandable townhouses at Vinhomes Saigon Park are being introduced with separate payment obligations for land, commercial value and construction, while construction costs can be deferred by approximately 14 months.

Regarding policy and finance, several Vietnamese banks have adjusted home-loan interest rates following calls to continue reducing capital costs. However, experts believe real estate credit should be classified according to risk instead of being governed by a single mechanism. In contrast, Australia’s central bank raised its interest rate by 0.25 percentage point to 4.6%, the highest level in 15 years, adding pressure on homebuyers. Other issues drawing market attention include the risk that customers may lose hundreds of millions of dong in deposits when registering to buy apartments at the A&T Saigon Riverside project, the impact of mechanically applying land-price tables and adjustment coefficients on land costs, housing prices, warehouses and factories, and the industrial real estate sector’s shift from competing on low prices to competing on quality, infrastructure and handover speed. In Quang Ngai, some sand mines were auctioned at nearly VND 1.1 million per cubic meter, three times the commercial sand price currently sold in the province.