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Daily real estate briefing: Cau Giay land auction, rising mortgage rates and major urban projects

Vietnam’s real estate market is seeing a range of notable developments involving land auctions, urban development and policy adjustments. In Hanoi, eight land plots in the new Cau Giay urban area are set to be auctioned, with starting prices ranging from VND 15.3 billion to VND 40.8 billion per lot. Also in the southern part of the capital, Vinhomes’ multi-purpose urban area spanning more than 600 hectares is expected to include resettlement housing, social housing and commercial properties, serving more than 105,000 residents. Meanwhile, the 447-hectare Vinh Hung urban redevelopment project, with total investment of nearly VND 186 trillion and Sun Group as the investor, was launched on the afternoon of August 28.

In Ho Chi Minh City, the minimum area required for land subdivision ranges from 36 to 100 square meters depending on the location. Several previously applied thresholds remain in effect, while new levels have been added after the merger. Affordable housing remains a major concern as Nam Long ADC continues to pursue products designed for actual housing demand and buyers’ payment capacity, a direction it has followed for nearly two decades. At the same time, preferential home loan rates continue to rise, with several banks raising 12-month fixed rates to above 10% per year, adding pressure on buyers. Investors are increasingly assessing an asset’s real value, cash flow control and potential for future appreciation before committing funds. Housing accessibility around metro stations is also drawing attention, as prices may move beyond the reach of regular metro users, creating a need for mechanisms to develop affordable apartments under the transit-oriented development model.

In infrastructure and urban development, Da Nang has successively launched key industrial park projects in the south, with total investment reaching thousands of billions of dong. The 121-kilometer Hanoi to Ha Long high-speed railway project requires more than 568 hectares of land, half of which is in Quang Ninh. FPT’s nearly 200-hectare Digital Technology Park urban area is expected to put its first component into operation from 2027. In Aqua City, Novaland and its contractors launched more than 500 low-rise houses in the Phoenix North subdivision on August 27. Integrated urban development is also expanding through Vinhomes’ Blue Zones orientation, integrated tourism cities in Tay Ninh and long-term ownership apartments in Phu Quoc. In architecture, projects are increasingly focusing on multifunctional living spaces, from a 526,000-square-meter residential compound combining living, working, exercise and entertainment areas to homes renovated in vintage style or designed with fired clay bricks in a modern setting.

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