Real estate & urban development news roundup: New high-tech zone near 500ha, plus notable infrastructure and housing projects
On the investment and urban development front, many localities are pushing forward planning, infrastructure, and large-scale projects. Phu Tho is set to establish the Huong Yen high-tech zone with a land area of nearly 500 hectares. In Khanh Hoa, the province has submitted and received approval from the People’s Committee regarding a list of land plots for bidding to select investors for an urban development project of over 49,000 billion VND in Vinh Luong. In Ho Chi Minh City, the city’s authority approved a land-use purpose change for nearly 6,500 m2 in Rach Dua Ward to implement a seaside resort hotel project called Dai Duong. In parallel with transport and commercial development, the Đà Nẵng area is reported to be advancing infrastructure completion for the Nam Trung Tam zone, including items related to Cau Dong No 2 and the Aeon Mall area.
Regarding market movements and corporate actions, Sunshine Homes is reported to have spent close to 200 million VND per m2 on land purchases in Tay Ho Tay. In Hanoi, nearly 6 hectares of land in Phuc Thinh Commune was mentioned as being handed over to a consortium led by Viglacera to implement a social housing project. On the corporate finance side, Vietcombank is reported to buy back its stake to reach 100% ownership of the Vietcombank Tower at Bach Dang. Internationally, Keppel is reported to divest its entire interest in the Empire City project in Thu Thiem, selling the full 40% stake it held for 270 million USD, with deal completion timing described in the provided information.
In addition, regulatory and housing trend topics remain prominent. HoREA suggests wording adjustments in regulations for apartment buildings, shifting the focus from “apartment ownership with time limits” to “apartment use-term aligned with the construction work’s designed lifetime.” Meanwhile, experts note that tying a use-term to responsibilities helps protect owners’ rights. Practical discussion points—such as cases where long-held apartments show limited profit potential, or how to optimize bathroom and shower layouts for families—are also highlighted as reference for buyer decisions. At the market level, a reported decline in Chinese buyers purchasing homes in the U.S. over the 12 months through March indicates volatility in global housing demand.
Regarding market movements and corporate actions, Sunshine Homes is reported to have spent close to 200 million VND per m2 on land purchases in Tay Ho Tay. In Hanoi, nearly 6 hectares of land in Phuc Thinh Commune was mentioned as being handed over to a consortium led by Viglacera to implement a social housing project. On the corporate finance side, Vietcombank is reported to buy back its stake to reach 100% ownership of the Vietcombank Tower at Bach Dang. Internationally, Keppel is reported to divest its entire interest in the Empire City project in Thu Thiem, selling the full 40% stake it held for 270 million USD, with deal completion timing described in the provided information.
In addition, regulatory and housing trend topics remain prominent. HoREA suggests wording adjustments in regulations for apartment buildings, shifting the focus from “apartment ownership with time limits” to “apartment use-term aligned with the construction work’s designed lifetime.” Meanwhile, experts note that tying a use-term to responsibilities helps protect owners’ rights. Practical discussion points—such as cases where long-held apartments show limited profit potential, or how to optimize bathroom and shower layouts for families—are also highlighted as reference for buyer decisions. At the market level, a reported decline in Chinese buyers purchasing homes in the U.S. over the 12 months through March indicates volatility in global housing demand.