Daily Real Estate Briefing: Land Policy, Housing Supply and Notable Projects
Vietnam’s real estate market continues to see notable developments across land policy, housing supply, auctions and urban development. Today, November 2, is the deadline for paying non-agricultural land use tax. Taxpayers should complete the procedure on time to avoid late-payment charges from tomorrow. Overdue payments are subject to a daily charge of 0.03% of the outstanding tax amount, although certain cases remain eligible for exemption or reduction. In Ho Chi Minh City, 147 land plots have been added to the pilot list for housing projects, raising expectations for new supply, although the process of turning vacant land into completed homes still faces legal obstacles. The city has also valued five land plots in Thu Thiem at more than VND18,253 billion, providing a basis for determining starting prices at auction. Meanwhile, Quy Nhon is auctioning the land-use rights of surplus public offices on central roads, with starting prices ranging from nearly VND70 million to more than VND86 million per square meter. Hanoi has approved the conversion and lease of more than 6 hectares in Dinh Cong Ward for a parking and commercial center project, while Bac Ninh is inviting bids for the approximately 102-hectare Van Trung new urban area, with expected investment exceeding VND28,300 billion.
In the housing segment, the shortage of affordable apartments is attributed to rising input costs and legal bottlenecks. Against this backdrop, two social housing projects in Thach That, Hanoi, are preparing to receive applications for purchase, rental and rent-to-own arrangements, with apartments priced at around VND880 million. Real estate stocks remain differentiated: many are trading at three to four-year lows or below their VND10,000 par value, despite positive third-quarter results from several major developers. Vinhomes reported a 390% increase in profit, while Novaland moved from losses to profits of thousands of billions of dong. In Ho Chi Minh City, nearly 17,000 hotel rooms recorded a 70% occupancy rate in the third quarter, with an average room rate of VND2.4 million per night, higher than the same period last year.
Internationally, more than 34 million Europeans are spending over 40% of their income on housing costs, while the United Kingdom plans an annual surcharge of up to GBP7,500 on high-value residential property and higher penalties for vacant homes. From a sustainable development perspective, projects with a lifespan of 50 to 100 years need to focus not only on saving electricity and water but also on operational efficiency, climate-change resilience and long-term value preservation. Information on indoor plants, simple cleaning methods and low-cost interior upgrades also continues to attract homeowners. Meanwhile, projects and commercial programs such as The Victoria in Thanh Hoa and Diamond Sky are being promoted with their own living concepts, amenities and incentives.
In the housing segment, the shortage of affordable apartments is attributed to rising input costs and legal bottlenecks. Against this backdrop, two social housing projects in Thach That, Hanoi, are preparing to receive applications for purchase, rental and rent-to-own arrangements, with apartments priced at around VND880 million. Real estate stocks remain differentiated: many are trading at three to four-year lows or below their VND10,000 par value, despite positive third-quarter results from several major developers. Vinhomes reported a 390% increase in profit, while Novaland moved from losses to profits of thousands of billions of dong. In Ho Chi Minh City, nearly 17,000 hotel rooms recorded a 70% occupancy rate in the third quarter, with an average room rate of VND2.4 million per night, higher than the same period last year.
Internationally, more than 34 million Europeans are spending over 40% of their income on housing costs, while the United Kingdom plans an annual surcharge of up to GBP7,500 on high-value residential property and higher penalties for vacant homes. From a sustainable development perspective, projects with a lifespan of 50 to 100 years need to focus not only on saving electricity and water but also on operational efficiency, climate-change resilience and long-term value preservation. Information on indoor plants, simple cleaning methods and low-cost interior upgrades also continues to attract homeowners. Meanwhile, projects and commercial programs such as The Victoria in Thanh Hoa and Diamond Sky are being promoted with their own living concepts, amenities and incentives.
Comments
Post a Comment