Daily real estate briefing: Rising supply, slower apartment price growth and strong social housing demand

The real estate market continues to see notable developments as supply rises sharply after a prolonged period of compression. Nearly 100,000 products have been introduced to the market, raising concerns about oversupply, although liquidity at many new projects shows that demand for quality products remains. In Ho Chi Minh City, apartment price growth is slowing as supply improves and purchasing power weakens, while forecasts suggest that a significant correction could emerge between 2028 and 2030. Hanoi is also expected to enter a period of adjustment and clearer market segmentation over the next two years. In the social housing segment, more than 12,000 people registered to compete for 750 apartments, highlighting strong demand while developers continue to face obstacles related to capital, profit margins, procedures and land funds. In Me Linh, the Minh Duc social housing project includes 612 apartments, of which 551 are expected to be offered for sale at an estimated price of nearly ...
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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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