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Showing posts from September, 2026

Daily Real Estate Briefing: Housing Policies, Major Projects and Interest Rate Pressure

The real estate market is seeing a series of notable policy proposals and developments. The Ministry of Construction has proposed transferring 5% of the value of a future-formed home, corresponding to the final payment, into a secured account instead of waiting until the pink book is received, as is currently the case. The ministry has also proposed allocating land funds for rental housing in wards, areas oriented toward public transport development and locations near universities. In Ho Chi Minh City, authorities have approved the conversion of nearly 10,500 square meters of land for the An Phu urban area, while arranging 128 resettlement homes, land plots and apartments to support site clearance for the Ben Thanh - Can Gio railway and Ring Road 4. More than 145 hectares of land in Binh Duong Ward has also been recovered to enforce a court judgment in a land management violation case involving Binh Duong Production and Import-Export Corporation. In the project and infrastructure seg...

Daily Real Estate Briefing: Urban Supply, Social Housing and Funding Pressure

Vietnam’s real estate market is seeing notable developments across housing, urban projects and policy. In Ho Chi Minh City, the municipal authorities have approved the conversion of nearly 10,500 square meters of land for the An Phu urban area, which has a total project area of nearly 1.08 hectares. In Thu Thiem, the Sala urban area has opened sales of nearly 500 high-end Sarene apartments and 56 Savila sky villas after eight years, adding premium supply to the area. In southwestern Ho Chi Minh City, the growth of industrial parks is driving demand for housing, services and amenities, creating further momentum for urbanization. Meanwhile, in Bac Ninh, the Soul Center Van Trung social housing project has been launched with more than 3,200 apartments, while Vingroup’s new urban area in northwestern Bac Ninh City, with total investment of more than VND 41 trillion, is expected to break ground on September 16.

Daily Real Estate Briefing: High Interest Rates Create Pressure as Housing Policies and Supply Develop

The real estate market is facing clear pressure from high interest rates and slowing purchasing power. Home loan rates commonly ranging from 12% to 14% are making buyers more cautious, while property businesses continue to increase borrowing and accept high capital costs to maintain their projects. Financial pressure is also affecting apartment owners who are considering selling to repay debt or switching to rental arrangements to generate cash flow to offset interest expenses. In the social housing segment, many eligible buyers are concerned about losing their allocation as preferential lending funds become scarce, while scheduled installment payments are approaching. On the policy front, the Ministry of Construction has proposed allocating land for rental housing in areas oriented toward public transport development and around universities. It has also removed the concept of “time-limited apartments” from the latest draft amendment to the Housing Law to avoid misunderstandings about ...

Daily Real Estate Briefing: Housing Policy, Funding and Infrastructure Drivers

Vietnam’s real estate market is seeing notable developments across asset sales, housing policy, investment demand and infrastructure. VietinBank is offering more than 7,200 square meters of land and attached assets in the new Cau Giay urban area, with a starting price of nearly VND 540 trillion, equivalent to around VND 75 million per square meter. In the social housing segment, many approved buyers are concerned about losing their purchase opportunities as preferential lending funds have run out while scheduled payment deadlines approach. At the Con Dao social housing project, lease-to-own buyers can choose terms from five to 20 years, with after-tax prices ranging from VND 133,000 to VND 354,000 per square meter per month. On the policy front, the Ministry of Construction has removed the concept of “time-limited apartments” from the latest draft of the amended Housing Law to avoid misunderstandings about apartment ownership rights. Local authorities have also been asked to end the ...

Daily Real Estate Brief: Cash Payment Restrictions, Rising Debt and New Project Developments

Vietnam’s real estate market recorded notable developments in legal procedures, finance and supply. Under Decree 339, a project developer may face a fine of VND 240 million to VND 300 million for accepting contractual payments in cash. The Ministry of Agriculture and Environment has also asked provinces and cities to end the repeated return of land-related applications and strictly handle officials who cause difficulties or give preferential treatment to applications submitted through brokers. In Ho Chi Minh City, authorities have proposed five revenue streams for projects that directly benefit from planning and urban railway infrastructure under the transit-oriented development model. Meanwhile, Hanoi has allowed THT Development Co., Ltd. to sell up to 150 apartments in three towers at Starlake to foreign buyers. In terms of project development, Ho Chi Minh City has leased nearly 4.5 hectares of land at the Saigon Hi-Tech Park to Starmason until 2076 for a super-large data center co...

Real Estate Briefing: Tighter Land Procedures, Rising Financial Pressure and New Project Developments

Vietnam’s real estate market recorded notable developments in legal procedures, finance and project implementation. The Ministry of Agriculture and Environment asked provincial and municipal authorities to end the repeated return of land dossiers and strictly handle officials who cause difficulties or favor applications submitted through brokers. In Ho Chi Minh City, the municipal government proposed five revenue sources from projects that directly benefit from planning and urban railway infrastructure in areas developed under the transit-oriented development model. However, many urban areas in the city still have vacant school land because of handover regulations dating back more than 20 years. Da Nang will continue allocating and leasing land for two urban projects near Hoi An under a special mechanism, while the Angel Island project in Dong Nai has taken another legal step after waiting for implementation for more than 20 years, following the publication of its environmental impact ...

Real Estate News Roundup: Angel Island Advances Legally as Industry Debt Reaches a High

The real estate market recorded notable developments in legal procedures, finance and project progress. In Dong Nai, Angel Island, a more than 200-hectare urban area with total investment of VND 20 trillion, reached a new milestone as the consultation dossier for its environmental impact assessment was made public after more than 20 years of waiting. Meanwhile, the industry’s debt-to-equity ratio rose to 0.72 times at the end of June, the highest level in the past 15 quarters. Financial pressure was also reflected in HDBank’s notice to seize 26 land plots and various property rights belonging to Hoang Quan Real Estate, as the company still owed nearly VND 900 billion to the bank. On the cash flow support side, Izumi City introduced a payment plan allowing buyers to pay 60% to receive their homes, while the next 35% would be guaranteed by the bank and paid according to progress over 24 months. Housing supply and end-user demand remained in focus. Hundreds of social housing units in Ki...

Real Estate Briefing: Tighter Transaction Rules, Weaker Demand and New Projects

A notable development in the real estate market is the tightening of regulations on transactions and residential use. Under Decree 339, trading floors, brokers and consultancy units that fail to report suspicious or high-value transactions may be fined from VND 40 million to VND 80 million. Using apartments for purposes other than residential use may also result in fines ranging from VND 100 million to VND 130 million. Meanwhile, market demand remains weak, with transaction volumes in several segments falling by 60% to 70% in July as buyers remained cautious about housing prices and borrowing costs. Many real estate companies have had to scale down operations, cut expenses and seek partners to maintain cash flow amid weaker liquidity, higher interest rates and tighter credit controls. In project news, Bcons introduced Bcons Central Park in Tam Hiep Ward, Dong Nai City, covering approximately 2.7 hectares and comprising 2,820 apartments. More than 800 social housing units at the Hoang...

Real Estate Briefing: Weak Demand, Rising Supply and Major Projects in Motion

Vietnam’s real estate market continues to show clear differentiation. Purchasing power in July fell by 60-70% across several segments as customers remained cautious about home prices and borrowing costs, while supply in the first half of the year increased by approximately 40%, with most new products concentrated in high-priced areas or locations far from city centers. Secondary apartment prices in several localities have started to adjust, while land prices declined by about 2-3% from the previous quarter, according to the Ministry of Construction. Weak liquidity, rising interest rates and tighter credit controls have also forced many property companies to scale down operations, cut costs and seek partners to maintain cash flow. HoREA said that more than 146,000 condotels and other emerging accommodation property types need to be governed by a unified legal framework. Regarding policy and project development, Thanh Hoa has approved the 1:500 detailed planning for a service urban are...

Daily Real Estate Briefing: Supply Rises, Prices Cool and Developers Face Cash Flow Pressure

The domestic real estate market is showing mixed developments. Supply increased by around 40% in the first half of the year, but most products are either high-priced or located far from central areas, while rising borrowing costs continue to make home purchases difficult for many people. Secondary apartment prices have begun to adjust in several localities, while land prices fell by around 2-3% from the previous quarter, according to the Ministry of Construction. In the affordable housing segment, the Hoang Nam Uyen Hung 2 social housing project in Tan Uyen Ward, Ho Chi Minh City, is expected to begin accepting purchase applications in the fourth quarter. The project has more than 800 units, with a provisional price starting at VND 19.8 million per square meter. Meanwhile, HoREA said that more than 146,000 accommodation real estate products, including condotels and new types of lodging, need to be governed by a unified legal framework. Many property companies are still being forced to ...

Real Estate News Brief: Rising Supply, Cooling Prices and More Selective Capital Flows

Vietnam’s real estate market is recording mixed developments. Supply in the first half of the year increased by about 40%, but most products are either high-priced or located far from central areas, while higher borrowing costs continue to make home purchases difficult for many people. In the social housing segment, the Hoang Nam Uyen Hung 2 project in Tan Uyen Ward, Ho Chi Minh City, is expected to accept applications in the fourth quarter, offering more than 800 units at a provisional price from VND 19.8 million per square meter. In Quang Ninh, Vingroup has been approved to sell more than 3,200 low-rise homes at the Ha Long Xanh integrated township. Ho Chi Minh City is also preparing to auction 92 hectares of land in Ben Cat, with a provisional starting price of more than VND 2,756 billion. From the business and investment perspective, declining liquidity, rising interest rates and tighter credit controls are forcing many property companies to scale down operations, cut costs and s...

Real estate highlights: Softer prices, rising supply and new policies

The real estate market is seeing notable developments in supply, prices and regulatory management. According to the Ministry of Construction, secondary apartment prices in many localities have begun to adjust, while land plot prices fell by around 2 to 3 percent compared with the previous quarter. Although supply increased by approximately 40 percent in the first half of the year, most products are either highly priced or located far from central areas. Higher borrowing costs have also made homeownership difficult for many people. In the social housing segment, Ho Chi Minh City has started construction of the CT-3 project in Binh Hung Commune, adding 342 apartments. Meanwhile, Vinhomes’ more than 600 hectare mixed-use urban area in southern Hanoi is expected to include resettlement housing, social housing and commercial housing for more than 105,000 residents. Regarding project supply and investment activity, the Quang Ninh Department of Construction approved Vingroup’s sale of more ...

Daily Real Estate Briefing: Cooling Prices, New Supply and Infrastructure Momentum

The domestic real estate market is showing mixed developments. According to the Ministry of Construction, secondary apartment prices in many localities have begun to adjust, while land plot prices fell by about 2-3% from the previous quarter. Foreign direct investment into real estate continues to rise but is becoming increasingly selective, focusing on projects with practical operating efficiency. At the same time, some businesses still have to wait years to complete land price determination despite already having land lease decisions, significantly shortening the actual project exploitation period. For time-limited real estate ownership, the ability to generate cash flow and preserve asset value during the usage period is being considered alongside location, legal status and market demand. Regarding supply and policy, the Quang Ninh Department of Construction approved Vingroup's sale of more than 3,200 low-rise homes at the Ha Long Xanh Complex Urban Area. Ho Chi Minh City gain...

Real Estate News Brief: Land Auctions, Thousands of New Homes and Major Industrial Projects

The real estate market is recording notable developments in land-related procedures, auctions, housing development and investment capital. One major concern is the situation in which businesses have received land lease decisions but still have to wait years to complete land price determination, significantly shortening the actual time available to operate their projects. Meanwhile, from September 1, every land parcel and construction project will receive a unique 12-digit identification code displayed on VNeID under Decree 326. In Ho Chi Minh City, the minimum area for land parcel separation is set at 36 to 100 square meters depending on the area. The city is also preparing to auction 92 hectares of land in Ben Cat, with a provisional starting price of more than VND 2,756 billion. Eight land parcels in the Cau Giay new urban area are also expected to be auctioned, with starting prices ranging from VND 15.3 billion to VND 40.8 billion per lot. In project development, the Quang Ninh De...

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