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 News: Proposal to Secure 5% of Home Payments as Major Projects Find Investors

Vietnam’s real estate market recorded several notable developments related to legal procedures, buyer protection and the progress of major projects. In Hanoi, the city has proposed removing the maximum five-year limit on the existence of buildings granted time-limited construction permits. Under the proposal, newly built houses could have up to four floors, with a total height of less than 18 meters. Meanwhile, the Ministry of Construction has proposed a mechanism allowing buyers of future-formed housing to transfer the remaining 5% of the contract value into a secured bank account. The money would only be transferred to the developer after the buyer receives the ownership certificate, with the aim of improving transaction security. In Ho Chi Minh City, Land Registration Office No. 2 has requested stronger support for residents carrying out online land and housing procedures, while shortening appointment times for eligible applications. Although Vietnam is among the world’s top 10 fastest-improving markets in real estate transparency, it remains in the semi-transparent group and trails several markets in the region. Affordable apartments in Ho Chi Minh City remain difficult to find, as many young people seeking a home struggle to identify suitable units with a budget of around VND 2 billion.

In the project and infrastructure sector, the Gia Binh 2 International Airport urban area, covering approximately 450 hectares with total investment exceeding VND 72 trillion, has found a company to implement the project. Can Tho is preparing to commence or inaugurate nine major projects and has asked relevant agencies and investors to coordinate closely during implementation. In Quang Ninh, the Ha Long Xanh integrated urban area developed by Vingroup paid VND 26.359 trillion in land-use fees during the first eight months of the year, equivalent to about 36% of the province’s total budget revenue. Meanwhile, dozens of former offices and surplus land plots in Ca Mau and Bac Lieu have been offered for short-term lease to utilize public assets and limit waste. 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, with the highest price reaching VND 117 million per square meter.

Experts have notably warned against assessing metro development solely by the number of projects breaking ground, as the challenge also involves controlling schedules and costs and putting facilities into operation as planned. Metro systems are expected to create a “flow-of-people economy”, stimulating consumption, commerce and employment, which in turn drives demand for housing and services. In the corporate sector, Bui Cao Nhat Quan provided a fee-free guarantee for Novaland’s VND 360 billion loan. In social housing, a woman who had rented accommodation for years with her two children won the right to purchase a social housing unit through a lottery, realizing her goal of having a stable home. Alongside policy and project news, residential design trends are also attracting attention, including continuous tile installation to make small bathrooms feel more spacious, considerations when choosing kitchen countertops and ornamental plants that can be propagated at home.

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