Real Estate Briefing on September 30: Social Housing, Credit and Key Infrastructure Projects

Vietnam’s real estate market recorded notable developments in policy, credit and legal procedures. The Government issued Resolution 303/NQ-CP on September 30 on assigning localities targets for developing social housing and rental housing during 2026-2030, while adjusting the plan for one million social housing units. On the credit front, several banks have adjusted lending rates following calls to continue reducing capital costs. Experts said real estate credit should be classified according to risk levels instead of being governed by a single mechanism. Meanwhile, the mechanical application of land price tables and land price adjustment coefficients could increase land-use and land-rental payments, pushing up housing, warehouse and factory prices.

Regarding transaction procedures, HoREA proposed allowing developers to authorize other parties to sign deposit agreements to create greater flexibility in sales, although questions remain about responsibility to buyers when disputes arise. The risk was highlighted by the case of customers paying hundreds of millions of dong to secure priority rights to buy apartments at the A&T Saigon Riverside project in Ho Chi Minh City, with the money at risk of not being refunded because it was collected under a consulting agreement. In Hanoi, several procedures for correcting errors in land-use certificates caused by State agencies have been implemented fully online, without charges or fees.

In projects and infrastructure, Ba Vi Commune authorities will continue publicizing the scope and planning and working directly with residents regarding Sun Group’s proposed safari complex, with expected investment of VND10 trillion. In Van Don, a site-clearance plan covering more than 182 hectares of the USD2 billion project has been approved, with more than 138 hectares handed over. The Ministry of Construction is also calling for investment through public-private partnerships in a series of key expressway projects for 2026-2030, with total capital of nearly VND923 trillion. Metro lines and transit-oriented development are increasingly seen as factors that shorten travel times, expand living areas and reshape perceptions of expensive and affordable property. In other segments, industrial real estate is shifting from low prices toward quality, infrastructure and delivery speed. Novaland’s NVL shares also avoided the floor price in the September 30 morning session, with more than 79 million shares traded at a value of VND777 billion.

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