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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Real Estate News Brief: Infrastructure Accelerates as Home Loan Rates Cool

Vietnam’s real estate market is seeing notable developments in infrastructure, planning and policy. In Ho Chi Minh City, the launch of a series of infrastructure projects is creating development opportunities for industrial real estate, logistics, social housing and projects linked to major transport hubs. The city has also been advised to develop rental housing near metro stations under a transit-oriented development model, with the aim of keeping housing within reach of daily metro users. Meanwhile, the Phu Quoc airport expansion project is facing site clearance difficulties, affecting the progress of several works serving APEC 2027. The appraisal council has agreed that the airport planning needs to be adjusted.

In Hanoi, people whose land is acquired for the Red River landscape boulevard project may receive cash compensation equal to twice the regulated level if they meet the legal conditions. A number of plots in the suburban areas of Hanoi are also expected to be auctioned in September, with starting prices of more than VND 9 million per square meter. In Dong Nai, agricultural land affected by the Nguyen Huu Canh Boulevard project, which connects National Highway 51 with the Ho Chi Minh City, Long Thanh and Dau Giay expressway, is being compensated at an average of about VND 3 billion per hectare. Details of the USD 5.6 billion Hanoi, Quang Ninh high-speed railway, along with the plan to assign an electronic identification code to each land plot from September 1, are also drawing market attention.

On the financial front, home loan interest rates are showing signs of cooling as Vietcombank cuts rates, while TPBank and VIB ease their lending policies. In contrast, many real estate companies still need to issue new bonds at interest rates of up to 13% per year as bond maturities rise sharply. Vingroup’s shares have increased by more than 50% since the beginning of the year, lifting the company’s market capitalization to VND 1.9 quadrillion and supporting gains across real estate stocks. Other issues attracting attention include the conditions for selling or leasing parking spaces in apartment buildings, fines of up to VND 60 million for unlicensed individual property brokers or those not working for an enterprise, and the choice between holding a VND 3 billion apartment and placing the money in savings at an annual interest rate of 9%.

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