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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Daily real estate briefing: FDI surges, business dissolutions rise and new housing policies emerge

Vietnam’s real estate market is recording notable developments in capital flows, businesses and housing policy. In the first nine months, the country’s real estate sector attracted 6.94 billion USD in registered FDI, while Vietnam’s total foreign investment reached a five-year high. However, the number of real estate businesses completing dissolution procedures rose by more than 123%, despite over 4,500 newly established businesses, an increase of nearly 11%. The Ministry of Construction said that 19 key projects are behind schedule and requested faster construction while stressing the need to ensure project quality. In the social housing segment, the Government has adjusted the one-million-home scheme and assigned localities targets for developing social housing and rental housing during the 2026-2030 period. In Ho Chi Minh City, two projects in Long Truong and Hiep Binh wards are expected to begin accepting applications in the fourth quarter, with projected prices of 24.48 million VND per square meter and 30.7 million VND per square meter, respectively.

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