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: New Apartments Remain Expensive as Ho Chi Minh City Expands Social Housing and Infrastructure

Vietnam’s real estate market continues to see notable developments in prices, credit and regulatory policy. Prices of older apartments are tending to decline as purchasing power remains weak, while new apartment prices remain elevated, averaging more than VND 100 million per square meter in the third quarter because new supply is concentrated in the luxury and ultra-luxury segments. According to a real estate company executive, high interest rates and prolonged project implementation are increasing costs, making it difficult for developers to cut prices and potentially prompting adjustments to sales policies. In the United Kingdom, expensive borrowing costs are also weakening housing demand, reducing transaction volumes and putting further pressure on home prices in the final months of the year.

In Ho Chi Minh City, the municipal government is expected to raise the interest-rate support capital for social housing projects from VND 200 billion to VND 300 billion, while extending the support period from seven to 10 years. The city is also developing regulations on conversions among commercial housing, social housing and resettlement housing, with resettlement housing potentially converted into commercial housing under the proposed direction. At the same time, Ho Chi Minh City is collecting feedback on a plan to issue bonds through the International Financial Center to mobilize capital for key projects, requiring real estate businesses to report projects through VNeID, and planning to auction five land lots associated with 3,790 resettlement apartments in Thu Thiem in October. Several major infrastructure projects, including the road connecting the Bien Hoa Vung Tau Expressway with the September 2 Roundabout, are being accelerated and targeted for completion by the end of this year.

From a policy and investment perspective, the Government is urging the early selection of international consultants to prepare a feasibility study for the North South high-speed railway, with a preliminary total investment of more than USD 67 billion. The Ministry of Finance has outlined the basis for identifying abandoned or slowly used land, with a proposed tax rate of 0.2%, while the Government has set criteria for free trade zones, including a minimum area of 1,000 hectares, digital infrastructure and a national security plan. Hanoi attracted approximately USD 394 million in foreign direct investment in real estate business during the first nine months of 2026. Elsewhere in the region, Malaysia is reclaiming an approximately 930-hectare artificial island south of Penang, aiming to build a next-generation semiconductor hub and expecting it to contribute around USD 269 billion to the economy by 2050.

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