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 segment, Vingroup's Ha Long Xanh integrated urban area has paid VND 26.359 trillion in land-use fees in Quang Ninh, equivalent to more than USD 1 billion. A new urban area in the northwest of Bac Ninh City, with total investment of more than VND 41 trillion, is expected to break ground on September 16, while the Soul Center Van Trung project in Bac Ninh has started construction with more than 3,200 social housing units. In Ho Chi Minh City, the Serena Riverside apartment project in Lai Thieu Ward has been launched with total investment of VND 1.175 trillion. Gia Binh International Airport has completed site clearance for more than 94% of the required area, while the airfield, VIP terminal and air traffic control tower are under construction toward the goal of serving APEC 2027. Khai Hoan Prime is expected to be handed over in the second quarter of 2027 and marketed when construction is completed. In Da Nang, Symphony 5 is presented as a riverside development along the Han River, featuring a 19,000-square-meter park and more than 20 health and wellness amenities.
In market developments, Vietcap forecasts that Vinhomes' core real estate revenue could exceed VND 200 trillion for the first time this year. However, home loan interest rates commonly ranging from 12% to 14% are slowing purchasing power, extending sales periods and increasing funding-cost pressure on developers. Some buyers with sufficient financial capacity continue to keep their money in savings while waiting for prices to reach a low point, while the choice between selling an apartment or renting it out to ease interest payments remains under consideration. In the housing segment, designs aimed at older residents, three-generation families, nature-oriented living spaces and solutions adapted to the heat and wind of central Vietnam continue to attract attention. VietinBank is also 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 billion, equivalent to at least VND 75 million per square meter.
In the project and infrastructure segment, Vingroup's Ha Long Xanh integrated urban area has paid VND 26.359 trillion in land-use fees in Quang Ninh, equivalent to more than USD 1 billion. A new urban area in the northwest of Bac Ninh City, with total investment of more than VND 41 trillion, is expected to break ground on September 16, while the Soul Center Van Trung project in Bac Ninh has started construction with more than 3,200 social housing units. In Ho Chi Minh City, the Serena Riverside apartment project in Lai Thieu Ward has been launched with total investment of VND 1.175 trillion. Gia Binh International Airport has completed site clearance for more than 94% of the required area, while the airfield, VIP terminal and air traffic control tower are under construction toward the goal of serving APEC 2027. Khai Hoan Prime is expected to be handed over in the second quarter of 2027 and marketed when construction is completed. In Da Nang, Symphony 5 is presented as a riverside development along the Han River, featuring a 19,000-square-meter park and more than 20 health and wellness amenities.
In market developments, Vietcap forecasts that Vinhomes' core real estate revenue could exceed VND 200 trillion for the first time this year. However, home loan interest rates commonly ranging from 12% to 14% are slowing purchasing power, extending sales periods and increasing funding-cost pressure on developers. Some buyers with sufficient financial capacity continue to keep their money in savings while waiting for prices to reach a low point, while the choice between selling an apartment or renting it out to ease interest payments remains under consideration. In the housing segment, designs aimed at older residents, three-generation families, nature-oriented living spaces and solutions adapted to the heat and wind of central Vietnam continue to attract attention. VietinBank is also 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 billion, equivalent to at least VND 75 million per square meter.