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 gained 342 additional social housing units from the CT-3 project in Binh Hung Commune, while Vinhomes' more than 600-hectare multipurpose urban area in southern Hanoi will include resettlement housing, social housing and commercial facilities serving more than 105,000 people. The city is also preparing to auction 92 hectares of land in Ben Cat, with a temporarily estimated starting price of more than VND 2,756 billion. 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 plot. From September 1, each land plot and structure will have a unique 12-digit identification code displayed on VNeID under Decree 326. The minimum area for land plot separation in Ho Chi Minh City will range from 36 to 100 square meters depending on the area.
In urban and infrastructure development, Tay Ninh approved investment in the approximately 336-hectare Tan Lan 3 Industrial Park, with total capital of VND 8,450 billion and a multi-sector orientation. Da Nang has continuously launched key industrial parks in the south with total investment reaching thousands of billions of dong, while FPT's nearly 200-hectare Digital Technology Park Urban Area is expected to put its first component into operation in 2027. The 121-kilometer Hanoi to Ha Long high-speed railway project will require more than 568 hectares of land, half of which will be in Quang Ninh. Notable architectural trends include a 12,250-square-meter apartment project using 54 plant species for 34 homes, spaces marked by Yayoi Kusama's artistic style and a move toward fewer smart devices to encourage direct interaction. Meanwhile, housing prices around metro stations continue to raise the need for transit-oriented development and mechanisms supporting affordable apartments.
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 gained 342 additional social housing units from the CT-3 project in Binh Hung Commune, while Vinhomes' more than 600-hectare multipurpose urban area in southern Hanoi will include resettlement housing, social housing and commercial facilities serving more than 105,000 people. The city is also preparing to auction 92 hectares of land in Ben Cat, with a temporarily estimated starting price of more than VND 2,756 billion. 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 plot. From September 1, each land plot and structure will have a unique 12-digit identification code displayed on VNeID under Decree 326. The minimum area for land plot separation in Ho Chi Minh City will range from 36 to 100 square meters depending on the area.
In urban and infrastructure development, Tay Ninh approved investment in the approximately 336-hectare Tan Lan 3 Industrial Park, with total capital of VND 8,450 billion and a multi-sector orientation. Da Nang has continuously launched key industrial parks in the south with total investment reaching thousands of billions of dong, while FPT's nearly 200-hectare Digital Technology Park Urban Area is expected to put its first component into operation in 2027. The 121-kilometer Hanoi to Ha Long high-speed railway project will require more than 568 hectares of land, half of which will be in Quang Ninh. Notable architectural trends include a 12,250-square-meter apartment project using 54 plant species for 34 homes, spaces marked by Yayoi Kusama's artistic style and a move toward fewer smart devices to encourage direct interaction. Meanwhile, housing prices around metro stations continue to raise the need for transit-oriented development and mechanisms supporting affordable apartments.