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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Real Estate News Brief: Housing Prices Adjust as Social Housing Supply Tops 910,000 Units

Vietnam’s real estate market is showing clearer signs of adjustment as supply increases while purchasing power remains weak. In Ho Chi Minh City, primary real estate prices in several areas fell by 5 to 20 percent in the third quarter amid high capital costs and subdued demand. The apartment segment is under considerable pressure as new supply is concentrated mainly in the high-end category, while buyers are generally seeking homes priced at around VND 3 billion, compared with the prevailing range of VND 7 to 8 billion. Along Metro Line 1, surveyed land prices rose by as much as 300 percent, but only two of 36 projects near stations offer affordable housing. Against this backdrop, demand is shifting toward areas benefiting from infrastructure, while owner-occupier buyers are advised to consider their financial capacity rather than wait for the market to reach a bottom. Some developers are also facing cash flow pressure, accepting land plot prices of VND 10 to 12 million per square meter, below the nearly VND 20 million cost, and offering discounts to recover capital.

From an urban development perspective, Ho Chi Minh City has been urged to select infrastructure projects capable of unlocking space, creating economic momentum and delivering value to residents and businesses across the region. An Giang has removed obstacles for 474 stalled projects and launched a plan to handle 1,155 surplus housing and land facilities. In Bac Ninh, 141 households and individuals who handed over land early for the Gia Binh Airport project were approved for early handover bonuses totaling VND 7.05 billion. Nationwide, 947 social housing projects are being implemented with a total scale of more than 910,000 homes, including over 216,000 completed units and more than 363,000 units under construction.

Other notable developments include local authorities rejecting information about an ecological lychee garden village project in Ea Kly, Dak Lak, and warning residents not to contribute capital. In the international market, Compass faced strong opposition from competitors after removing numerous listings from websites, prompting debate over transparency in US home buying and selling. Ho Chi Minh City is also preparing to receive an Intel production line transfer for semiconductor workforce training, particularly in testing and packaging. In the corporate sector, QCG shares hit the ceiling for two consecutive sessions after news that Nguyen Thi Nhu Loan returned to lead Quoc Cuong Gia Lai, lifting the share price to VND 11,000. Vietnam currently has more than 16,000 branded residences, ranking third globally by volume, as demand for luxury real estate grows alongside the expanding affluent and ultra-affluent population.

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