Daily real estate roundup: HH Linh Dam, Thu Thiem land and key projects
The day’s real estate and infrastructure landscape saw several notable developments. In Ho Chi Minh City, 20 key transport projects will need support in coordinating nearly 8 million cubic meters of materials during the last four months of the year, with sand remaining a major bottleneck. In Hanoi, a special mechanism for handling violations at 12 projects developed by Muong Thanh Group has been approved, opening a potential solution for HH Linh Dam residents while also raising concerns about possible relocation. Even if the apartment complex is allowed to remain, units located in the podium, technical floors and improperly used community living areas may still have to be relocated to restore their intended functions or change their use. The developer is required to cover costs related to relocation compensation, unlawful profits, land payments and demolition, while protecting legitimate homebuyer rights has been identified as a priority.
Also in land administration, the Tax Department asked local authorities to review and standardize data and resolve inaccurate notifications of non-agricultural land-use tax that record debts inconsistent with reality. The Ministry of Finance proposed leasing certain surplus public buildings and land for a maximum of five years while procedures are being completed, with the aim of putting public assets into use sooner. In Thu Thiem, participants in the auction of four land plots must place a deposit equal to 20% of the starting price and may lose the deposit or be disqualified for violating auction rules. Agribank is also offering a villa in Ciputra for auction at a starting price of VND170 billion, VND14 billion lower than the price announced in September 2024.
In the market, competition in Hanoi’s luxury real estate segment continues to intensify as domestic and international companies expand their project portfolios. Housing supply could improve if abandoned projects after 60 months are recovered or legal obstacles are removed to bring them back to the market. Can Tho has completed 724 of the 3,000 social housing units assigned for 2026 and has proposed extending the implementation deadline to the end of the first quarter of 2027. In another development, a family member of Bui Thanh Nhon registered to buy 30 million Novaland shares as the stock price fell sharply, while several executive board members moved to divest. Sales policies at Vinh May, part of Vinhomes Hai Van Bay in Da Nang, also attracted attention with construction payment deferrals of up to 540 days and a fixed borrowing rate of 3% per year for an 18-month package. IFC Hanoi was introduced with a focus on connecting local identity with international standards, while interior layout and ornamental plant trends continue to draw interest in residential spaces.
Also in land administration, the Tax Department asked local authorities to review and standardize data and resolve inaccurate notifications of non-agricultural land-use tax that record debts inconsistent with reality. The Ministry of Finance proposed leasing certain surplus public buildings and land for a maximum of five years while procedures are being completed, with the aim of putting public assets into use sooner. In Thu Thiem, participants in the auction of four land plots must place a deposit equal to 20% of the starting price and may lose the deposit or be disqualified for violating auction rules. Agribank is also offering a villa in Ciputra for auction at a starting price of VND170 billion, VND14 billion lower than the price announced in September 2024.
In the market, competition in Hanoi’s luxury real estate segment continues to intensify as domestic and international companies expand their project portfolios. Housing supply could improve if abandoned projects after 60 months are recovered or legal obstacles are removed to bring them back to the market. Can Tho has completed 724 of the 3,000 social housing units assigned for 2026 and has proposed extending the implementation deadline to the end of the first quarter of 2027. In another development, a family member of Bui Thanh Nhon registered to buy 30 million Novaland shares as the stock price fell sharply, while several executive board members moved to divest. Sales policies at Vinh May, part of Vinhomes Hai Van Bay in Da Nang, also attracted attention with construction payment deferrals of up to 540 days and a fixed borrowing rate of 3% per year for an 18-month package. IFC Hanoi was introduced with a focus on connecting local identity with international standards, while interior layout and ornamental plant trends continue to draw interest in residential spaces.
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