Daily Real Estate Briefing: Social Housing, Urban Planning and Financial Pressures

Vietnam’s real estate market saw notable developments in social housing, planning and corporate activity. The Government has proposed that buyers of social housing may resell their homes only to eligible buyers five years after fully paying for the property and receiving the ownership certificate. However, access to the policy remains a major issue, as nearly half of the 500 surveyed construction workers had not obtained information about their rights, support contacts or application procedures for social housing. In the luxury segment, apartments in Thu Thiem are commonly priced at 200 million to 500 million VND per square meter, with many units priced above 100 billion VND. In Ho Chi Minh City, apartment prices along Metro Line 1 have continued to surge after nearly two years of operation, with some projects recording increases of more than 400%, making housing near stations increasingly difficult for low-income earners to afford. Regarding planning and projects, Da Nang’s master p...
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Daily Real Estate Briefing: HH Linh Dam Violations, Social Housing and Major Projects

The handling plan for violations at 12 projects linked to Le Thanh Than, including the HH Linh Dam buildings, is the most notable development in the real estate sector. Hanoi has proposed classifying the buildings into three groups to determine which cases may continue to be used, which must be remedied under conditions, and which must be demolished. The developer would be required to cover all costs of remedying the consequences and pay back illegal benefits arising from the violating construction works. Under the draft proposal, after completing financial obligations, homebuyers at the violating projects may have their procedures for obtaining ownership certificates resolved in accordance with regulations. If relocation is required, residents may agree to receive compensation, exchange for an equivalent home, or buy or rent-to-own social housing if they meet the conditions.

In Hanoi, urban planning continues to undergo adjustments as the city repeals an earlier decision and proceeds with revisions to the Red River urban plan. Site clearance progress for the Gia Binh airport project is also receiving attention. Meanwhile, the Tay Ho Tay area is taking shape as a new economic and administrative center, with major boulevards, commercial towers, transport infrastructure and urban amenities gradually being completed. The Starlake The Prime K8CT1 project, West Lake Edition, is expected to launch as the urban area becomes increasingly complete.

In the south, Ho Chi Minh City has proposed support of up to VND10 billion for each old apartment renovation project, together with mechanisms covering planning, investment and resettlement. The city is also preparing a supply of approximately 27,000 social housing units in 2026, toward a target of 181,257 units by 2030. Thu Thiem is continuing to receive major infrastructure projects and large-scale real estate developments, while the coastal site in Quy Nhon, after the Binh Duong Hotel was demolished, is being fenced off pending a new use plan that prioritizes parks and public space. In other developments, BIDV Bac Sai Gon announced the repossession of 37 land lots at Lang Sen Residential Area to handle secured assets and recover debt. Several real estate companies in Ho Chi Minh City are also on the tax debt list, including one with debt exceeding VND329 billion. Foreign investment in manufacturing plants is increasing demand for industrial land and factory space, while new homes in Hong Kong are selling considerably faster than used homes.

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