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 ...
Post a Comment

Real Estate and Infrastructure Briefing: Gia Binh Airport Accelerates as High-Speed Rail and Major Urban Projects Advance

The infrastructure and urban development landscape is recording a number of notable movements. In Bac Ninh, the Gia Binh International Airport project, covering more than 1,900 hectares, has completed site clearance for over 1,800 hectares, reaching more than 94.2% of the plan. This marks new progress for the mega project, which has been described as having investment of nearly VND 200 trillion. In the railway sector, the Ministry of Construction has been asked to make efforts to start construction of the North-South high-speed railway in December 2027. At the same time, a series of metro projects with large total investment are attracting Vingroup, Dai Quang Minh and other businesses. Dai Quang Minh has also shifted its main business line from real estate to railway construction.

In urban development, Tay Ninh has returned the 2,609.67-hectare Long Huu New Urban Area to the list of projects subject to bidding for investor selection after the plan to use land funds to pay a BT contract was reassessed. In several cities, a series of towers ranging from dozens to more than 100 floors are being proposed, with some projects expected to exceed the height of Landmark 81. The draft General Planning for Can Tho to 2050, with a vision to 2075, also proposes diversifying housing, developing rental housing and social housing, and prioritizing green urban models. Meanwhile, the idea of accumulating assets in areas benefiting from major infrastructure corridors continues to attract attention, including Van Phuc City.

The market is also facing issues related to finance, regulation and property management. The developer of Aqua City recorded a loss of more than VND 120 billion in the first half of the year, while liabilities exceeded VND 11.3 trillion, up nearly 14% year on year. In Dak Lak, proceeds from land-use-right auctions reached just over VND 232 billion, or around 6% of the annual target of more than VND 3.8 trillion. Hundreds of customers who won the right to purchase social housing in Ha Tinh are concerned after preferential loan funds ran out, while the province has asked the Government for support. Apartment residents are also warned that they may face fines of up to VND 130 million for illegally dividing apartments, encroaching on common areas or using apartments for improper purposes. Internationally, the fire at Wang Fuk Court in Hong Kong highlighted allegations involving substandard materials and improper supervision during renovation. Meanwhile, entertainment projects in central Vietnam, including the 225-hectare VinWonders and Hai Van Forest Park, along with Alora Nha Trang, are expected to expand nighttime experiences and strengthen tourism appeal.

Comments

Post a Comment

Popular posts from this blog

Daily Real Estate Briefing: Thu Thiem Takes Shape as Ho Chi Minh City Expands Social Housing and Hanoi Addresses Violating Apartments

The real estate market continued to see notable developments in major urban areas. In Ho Chi Minh City, a series of key construction projects and mega real estate developments, with total investment reaching hundreds of trillions of dong, are gradually shaping a new appearance for Thu Thiem Urban Area. The city has also proposed support of up to 10 billion dong for each old apartment renovation project, along with mechanisms concerning planning, investment and resettlement. Notably, Ho Chi Minh City is preparing a supply of approximately 27,000 social housing units in 2026, toward a target of 181,257 apartments by 2030, while continuing to remove obstacles related to land funds and procedures. At the same time, hundreds of millions of US dollars in foreign investment in manufacturing projects are increasing the appeal of industrial real estate and driving demand for industrial land and factories in Vietnam. In Hanoi, adjustments to the Red River urban planning are continuing after th...
Read more

Daily Real Estate Briefing: Tax Debts, Apartment Prices and New Developments in Capital and Infrastructure

The real estate market continues to see notable developments in Ho Chi Minh City. A number of property companies are topping tax debt lists published by tax authorities, including one enterprise owing more than VND329 billion. Ly Khuong Production and Trading Co., Ltd., which was recently fined for illegally selling 682 apartments, currently owes VND46.6 billion and tops the list at Tax Administration Unit 13 in Ho Chi Minh City. Meanwhile, the Ho Chi Minh City Department of Construction requires property developers and real estate exchanges to use electronic identification and log into the system through VNeID to report and disclose project information, with the aim of improving market transparency. In the housing segment, prices of older apartments have declined amid slow purchasing power, while prices of new apartments remain high. Average primary apartment prices in the third quarter exceeded VND100 million per square meter as new supply was concentrated in luxury and ultra-luxur...
Read more

Daily Real Estate Briefing: Ho Chi Minh City Tightens Project Disclosure as Hanoi Attracts Nearly 400 Million USD in Foreign Capital

The real estate picture today records notable developments in Ho Chi Minh City and Hanoi, ranging from stronger data transparency and infrastructure funding to changes in land policy. The Ho Chi Minh City Department of Construction has asked property developers and real estate trading floors to complete electronic identification and log into the system through VNeID to report and disclose project information. The city is also collecting feedback on a plan to issue bonds through the International Financial Center to raise funds for key projects, with the consultation period running from October 6 through October 16. In October, Ho Chi Minh City is expected to auction five land lots associated with 3,790 resettlement apartments in the Thu Thiem New Urban Area. The starting land-use rights price and construction value will be determined at the time of the auction. In infrastructure, several large-scale projects in Ho Chi Minh City are being accelerated. Among them, the road connecting t...
Read more