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 roundup: Major urban, industrial and social housing projects move forward

The real estate and urban development market saw several notable developments over the past week. Vingroup is expected to break ground on the Northwest New Urban Area of Bac Ninh City, Area 1, covering nearly 269 hectares with total investment of VND 41.27 trillion and an estimated population of around 33,000 people. Bac Ninh is also preparing a social housing project with more than 2,000 apartments, with the smallest units measuring about 35 square meters and estimated to cost approximately VND 600 million. In Khanh Hoa, the province will organize a tender to select an investor for an urban area of more than 250 hectares north of Nha Trang, with total investment exceeding VND 49 trillion. It has also added seven land plots covering more than 560 hectares to the bidding list for energy projects. Meanwhile, Hung Yen has broken ground on two industrial projects covering nearly 300 hectares, with total investment of nearly VND 6 trillion. The projects are expected to attract around VND 10 trillion in secondary capital and focus on green and sustainable infrastructure development.

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