Real Estate Briefing: HH Linh Dam Residents Await Resolution as Hanoi Luxury Market Heats Up

The main focus of the domestic real estate market is the plan to address violations at 12 projects developed by Muong Thanh Group, including the HH Linh Dam complex. After the Hanoi People’s Council approved a special mechanism, residents are still waiting for clarification on which apartments may remain and which must be relocated. Even if the complex is allowed to continue operating, apartments located in the podium, technical floors and violating community-use areas must still be relocated so that their original functions can be restored or their use purposes changed. Under the approved mechanism, the developer may have to cover various expenses, including compensation for relocated residents, repayment of illicit benefits, land-related payments and demolition costs. Experts have also emphasized the need to prioritize homebuyers and prevent residents from bearing the consequences of the violations. Residents are also closely following the five criteria for considering whether violating buildings may remain and hope to learn soon how many conditions their building meets.

In other developments, Hanoi’s luxury real estate market remains active as domestic and foreign companies expand their project portfolios and new brands enter the market. A policy allowing abandoned projects to be reclaimed after 60 months is expected to bring delayed land plots back to the market and increase housing supply if legal obstacles are resolved. Ho Chi Minh City has also announced the recovery of nearly 9,300 square meters of land from a real estate company that failed to fulfill its financial obligations, despite having been subject to enforcement measures. In the social housing sector, Can Tho has completed 724 out of 3,000 homes assigned for 2026 and has proposed extending the implementation deadline through the first quarter of 2027.

In the corporate sector, MIK Group appointed Tran Thi Minh Thuy as chief executive officer, while a family member of Bui Thanh Nhon registered to purchase 30 million Novaland shares amid a sharp decline in the share price. Real estate lending rates are also drawing attention, with lower rates considered dependent on reduced deposit rates, market discipline and effective credit allocation. The office sector is gaining more options as Vietnam’s coworking market becomes increasingly segmented, with domestic brands expanding while international operators strengthen cooperation and franchising. Meanwhile, sales programs at Diamond Sky and information promoting Sun Glory Residence are targeting demand for second homes and asset accumulation. Home-related coverage also includes suggestions for arranging furniture, selecting ornamental plants and maintaining a clean, airy living environment.