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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Real Estate Highlights: U.S. Home Sales Decline as Major Projects Gain Momentum

International real estate markets are showing mixed developments. In the United States, home sales fell to their lowest level in more than a year as buyers continued to wait for mortgage rates to cool. At the same time, the supply of homes listed for sale rose to its highest level since the end of 2019. In Hong Kong, the Wang Fuk Court apartment fire has raised further concerns about construction renovation quality, with two companies and four individuals accused of using substandard materials and failing to provide proper supervision. In contrast, Lower Manhattan’s Financial District is being highlighted as a model of urban revival 25 years after the September 11 attacks, with its population tripling and media and technology companies expanding their presence.

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