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 News: Housing Policies, Old Apartment Prices and Major Urban Projects

The real estate market continues to see a series of notable policy proposals and developments. The draft amended Housing Law proposes that foreign nationals would no longer be allowed to own villas and townhouses in projects as they currently can, while continuing to be permitted to own condominium apartments. Meanwhile, the Ministry of Construction has proposed that buyers of future-formed housing transfer the remaining 5% of the contract value into a bank guarantee account, with the funds released to the developer only after the buyer receives the ownership certificate. In Ho Chi Minh City, Land Registration Office No. 2 has requested stronger support for residents carrying out online land and housing procedures, as well as shorter appointment times for returning eligible dossiers. Vietnam was also recognized as one of the world’s top 10 markets with the fastest improvement in real estate transparency, although it remains in the semi-transparent group and behind several markets in the region.

In the housing and land segments, high prices remain a central issue. Many old walk-up apartment buildings in central Ho Chi Minh City, despite limited amenities, parking shortages and deteriorating infrastructure, are still being offered at prices of up to VND 100 million per square meter, with experts attributing the value mainly to their prime locations. 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 VND 375 billion in total winning bids, with the highest price reaching VND 117 million per square meter. Regarding the HH Linh Dam apartment complex, the handling of violations and remediation at 12 housing projects linked to businesses within the Muong Thanh Group ecosystem is expected to follow a three-stage roadmap, from establishing a special mechanism to relocation and demolition. Hanoi has also proposed removing the five-year maximum existence limit for buildings constructed under time-limited permits. Newly built houses under the proposal could have a maximum of four floors and a total height below 18 meters.

In credit and urban development, the State Bank allows the additional outstanding loans of hotels, tourism areas and resorts not to be counted toward real estate credit exposure during the year. Standing 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. The Gia Binh 2 International Airport urban area, covering approximately 450 hectares with total capital of more than VND 72,000 billion, has found an investor. In infrastructure, experts noted that metro effectiveness should not be measured only by the number of projects launched, but also by control over schedules and costs and the ability to put projects into operation as planned. In the market and lifestyle sphere, CATA House at Nam Long II Central Lake in Can Tho opened on September 16 to welcome visitors to the Grand Boulevard Collection townhouse series. Numerous old offices and surplus land in Ca Mau and Bac Lieu are being offered for short-term lease, while notable home improvement trends include arranging sofas to create stronger connections, using continuous tiling to make small bathrooms feel larger, using coffee grounds to clean pots and pans, and propagating familiar ornamental plants at home.

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