Daily Real Estate Brief: Home Prices Outpace Affordability as Hanoi Reviews 250 Projects

Vietnam’s real estate market continues to face a paradox as home prices may equal more than 30 years of income and remain beyond the reach of most residents, while the urban homeownership rate is still among the highest in the world. This pressure is increasingly evident in Hanoi and Ho Chi Minh City, where scarce land, rising input costs and the dwindling supply of affordable apartments are pushing prices higher. At the same time, real estate inventory is tending to increase, highlighting the need to expand supply in line with actual demand. The Ministry of Construction is also clarifying when social housing may be resold after five years and the regulations governing such transfers. In Hanoi, the management and handling of delayed projects and violating buildings remain key priorities. The city is reviewing 250 delayed projects funded outside the state budget, involving approximately 7,013 hectares of land, to mobilize resources for development. Regarding HH Linh Dam apartments, a ...
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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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