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 news: Thu Thiem land to be re-auctioned as housing remains unaffordable

Vietnam’s real estate market recorded several notable developments related to regulation, land auctions and housing affordability. In Ho Chi Minh City, Dai Quang Minh Real Estate Company was fined VND 875 million by the municipal People’s Committee for failing to promptly notify the Department of Construction when selling 87 apartments in Thu Thiem to foreign organizations and individuals. The city also decided to re-auction three land plots in Thu Thiem, covering more than 23,600 square meters in total, with a combined starting price of over VND 14.5 trillion. These plots had previously had their auction results canceled in 2021. Meanwhile, several surplus office facilities in Dak Lak are being leased at prices ranging from tens of millions to more than VND 1.2 billion per year, helping improve the use of public assets. In Ha Tinh, 15 rural land plots that previously attracted attention are also being offered for re-auction, with starting prices reduced by more than VND 1 billion to VND 2.4 billion per plot.

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