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 complex. In Dong Nai, the Angel Island project, covering more than 200 hectares with total investment of VND 20 trillion, has reached a new legal milestone after its environmental impact assessment consultation documents were made public. Da Nang will continue allocating and leasing land to resolve obstacles for the North Hoi An Commercial Service Urban Area and Ha My Complex projects. In contrast, HDBank announced the seizure of 26 land parcels and various property rights held by Hoang Quan Real Estate as the company still owes nearly VND 900 billion. The industry’s debt-to-equity ratio also rose to 0.72 times at the end of June, the highest level in 15 quarters.
Regarding the market and products, Singaporean developer Keppel had 10,109 unsold homes in Vietnam, accounting for 32% of its inventory across markets. CapitaLand Development Vietnam began handing over 2,375 Lumi Signature apartments at the Lumi Hanoi project in western Hanoi. In Da Nang, FourS Tower is expected to benefit from rising international visitor and foreign expert arrivals, while M Riverside Danang on the Han River has potential for both accommodation and rental operations. Alora Nha Trang is developing a chain of dining, entertainment and relaxation experiences from its podium to the rooftop for visitors after sunset. Diamond Sky in Van Phuc City is promoted for its access to existing amenities and growth potential as local infrastructure continues to receive investment. Other notable stories include townhouses inspired by Central Highlands brocade and red basalt soil, a rotating wall-and-column solution combined with split-level floors, and the challenge of adding a kitchen island to a 60-square-meter apartment. Internationally, the poorest Americans are facing a severe housing shortage, while Tim Cook is known to own two properties in California valued at USD 1.9 million and approximately USD 9.1 million to USD 10.1 million.
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 complex. In Dong Nai, the Angel Island project, covering more than 200 hectares with total investment of VND 20 trillion, has reached a new legal milestone after its environmental impact assessment consultation documents were made public. Da Nang will continue allocating and leasing land to resolve obstacles for the North Hoi An Commercial Service Urban Area and Ha My Complex projects. In contrast, HDBank announced the seizure of 26 land parcels and various property rights held by Hoang Quan Real Estate as the company still owes nearly VND 900 billion. The industry’s debt-to-equity ratio also rose to 0.72 times at the end of June, the highest level in 15 quarters.
Regarding the market and products, Singaporean developer Keppel had 10,109 unsold homes in Vietnam, accounting for 32% of its inventory across markets. CapitaLand Development Vietnam began handing over 2,375 Lumi Signature apartments at the Lumi Hanoi project in western Hanoi. In Da Nang, FourS Tower is expected to benefit from rising international visitor and foreign expert arrivals, while M Riverside Danang on the Han River has potential for both accommodation and rental operations. Alora Nha Trang is developing a chain of dining, entertainment and relaxation experiences from its podium to the rooftop for visitors after sunset. Diamond Sky in Van Phuc City is promoted for its access to existing amenities and growth potential as local infrastructure continues to receive investment. Other notable stories include townhouses inspired by Central Highlands brocade and red basalt soil, a rotating wall-and-column solution combined with split-level floors, and the challenge of adding a kitchen island to a 60-square-meter apartment. Internationally, the poorest Americans are facing a severe housing shortage, while Tim Cook is known to own two properties in California valued at USD 1.9 million and approximately USD 9.1 million to USD 10.1 million.