Top news today: HCMC recovers land plot of over 4,000 m2 in An Lac; property market sees updates on projects and planning
In the real estate sector, Ho Chi Minh City has reportedly recovered a 4,086 m2 land plot in An Lac Ward that was previously assigned to Gia Long Real Estate to develop a high-rise housing project, but implementation had been slow. In another development, Da Nang was mentioned as having approved a 1/2000 detailed-planning scheme for the Khe Ram tourism area in Hai Van Ward, with plans that include a boat dock and a high-end resort zone, covering roughly 160 hectares. The news also points to updates to the Thủ Thiêm new urban area, where Thu Thiem Zeit River and Empire City are added to the list of housing projects that foreign investors are allowed to own.
On the market and supply side, SkyWorld is set to develop more than 1,000 apartments in Lai Thieu Ward, featuring 1,101 units under the SkySOLIS project, along with additional supply of apartments and shophouses for the northern area of Ho Chi Minh City. In Ho Chi Minh City, other updates include Palm River adding riverside housing supply in the Dong area, while Van Phuc Group launched Diamond Sky apartments at Van Phuc City with prices starting from 90 million VND per m2, offering payment methods such as installments by project progress, early payment, and bank loans. Elsewhere, design and living-environment themes were also highlighted, including The Privé’s approach that uses natural water flow to shape a living space.
Financial and macroeconomic signals also appear in today’s roundup. There is a report reflecting cases where expected returns did not materialize despite loan-related costs and “safety margin” claims. At the same time, market commentary touches on both rental and hospitality trends: one item states that hotel room rates in HCMC rose in the second quarter, while HoREA forecasts that demand for housing at “reasonable price levels” remains strong, even though the situation should not be viewed one-dimensionally. On a wider economic view, a Fed New York report noted that in Q2, mortgage and auto loan delinquency in the U.S. rose to the highest level in more than 10 years.
Policy and legal updates are also notable, with content mentioning a Deputy Prime Minister’s request to review and propose adjustments to related rules on land rent pricing, planning, and updates within the process of amending the Land Law.
On the market and supply side, SkyWorld is set to develop more than 1,000 apartments in Lai Thieu Ward, featuring 1,101 units under the SkySOLIS project, along with additional supply of apartments and shophouses for the northern area of Ho Chi Minh City. In Ho Chi Minh City, other updates include Palm River adding riverside housing supply in the Dong area, while Van Phuc Group launched Diamond Sky apartments at Van Phuc City with prices starting from 90 million VND per m2, offering payment methods such as installments by project progress, early payment, and bank loans. Elsewhere, design and living-environment themes were also highlighted, including The Privé’s approach that uses natural water flow to shape a living space.
Financial and macroeconomic signals also appear in today’s roundup. There is a report reflecting cases where expected returns did not materialize despite loan-related costs and “safety margin” claims. At the same time, market commentary touches on both rental and hospitality trends: one item states that hotel room rates in HCMC rose in the second quarter, while HoREA forecasts that demand for housing at “reasonable price levels” remains strong, even though the situation should not be viewed one-dimensionally. On a wider economic view, a Fed New York report noted that in Q2, mortgage and auto loan delinquency in the U.S. rose to the highest level in more than 10 years.
Policy and legal updates are also notable, with content mentioning a Deputy Prime Minister’s request to review and propose adjustments to related rules on land rent pricing, planning, and updates within the process of amending the Land Law.