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: Thu Thiem Takes Shape as Ho Chi Minh City Expands Social Housing and Hanoi Addresses Violating Apartments

The real estate market continued to see notable developments in major urban areas. In Ho Chi Minh City, a series of key construction projects and mega real estate developments, with total investment reaching hundreds of trillions of dong, are gradually shaping a new appearance for Thu Thiem Urban Area. The city has also proposed support of up to 10 billion dong for each old apartment renovation project, along with mechanisms concerning planning, investment and resettlement. Notably, Ho Chi Minh City is preparing a supply of approximately 27,000 social housing units in 2026, toward a target of 181,257 apartments by 2030, while continuing to remove obstacles related to land funds and procedures. At the same time, hundreds of millions of US dollars in foreign investment in manufacturing projects are increasing the appeal of industrial real estate and driving demand for industrial land and factories in Vietnam.

In Hanoi, adjustments to the Red River urban planning are continuing after the city annulled an earlier decision. Progress on site clearance for the Gia Binh airport project was also among the issues drawing attention during the week. At HH Linh Dam apartment complex, Hanoi has proposed classifying violating structures into three groups as a basis for determining which residents may continue using their apartments and which must relocate. Residents subject to relocation may agree to receive compensation, exchange their homes for equivalent housing, or buy or rent social housing if they meet the conditions. The proposed handling options for 12 projects related to Le Thanh Than include retaining the structures, allowing conditional remediation or dismantling them.

Elsewhere, the records of the apartment owners’ meeting at The Sun Avenue were found to contain numerous discrepancies and irregularities, prompting the local authorities to consider refusing to recognize the meeting’s decisions and voting results. Residents also objected after monthly motorcycle parking fees rose from 64,800 to 120,000 dong, while car parking fees increased from 1.32 million to 1.5 million dong. Several real estate businesses in Ho Chi Minh City are among the largest tax debtors, including one company owing more than 329 billion dong. Lý Khương Production and Trading Company, which was fined for illegally selling 682 apartments, has outstanding tax debt of 46.6 billion dong. As real estate credit growth slows and the stock issuance channel faces restrictions, property companies are increasingly turning to bonds for capital, despite high borrowing costs. On the stock market, several real estate shares traded positively, with Novaland’s NVL hitting the ceiling after a series of declines. The Lao Cai, Hanoi and Hai Phong railway project still faces a medium-term funding shortfall of more than 76 trillion dong for 2026 to 2030, although the Ministry of Construction has not proposed additional funding for now. Meanwhile, Hong Hac City is being developed as an integrated urban area connected to Hanoi, Bac Ninh and major economic centers in northern Vietnam.

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