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 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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