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Daily Real Estate Briefing: Social Housing, Land Resources and New Projects

Social housing remains a major focus of the property market, with several notable developments. Da Nang has begun accepting applications for 277 homes at the Hoa Hiep 4 resettlement area, with a selling price of more than VND 19.4 million per square meter. In Nen h Ward, Bac Ninh City, more than 800 social housing units are priced at nearly VND 24 million per square meter, equivalent to at least VND 758 million per unit. Meanwhile, the Ho Chi Minh City Land Registry Office has proposed canceling tax assessment information for a number of social housing apartments because the developer was slow to complete the required documents. These developments underline the need for buyers to consider not only selling prices, but also application requirements and related financial obligations.

In the commercial and resort segments, Tower F2 of FourS Tower in Da Nang recorded 1,369 reservations after its launch event. Other projects are also targeting diverse accommodation demand. Park Residence at Sun Urban City is designed to serve tourists, medical visitors, event attendees, specialists and workers, while Sun Glory Residence in Vinh City is developing more than 37 resort-style amenities on a 3.7-hectare site. In Da Nang, Newtown Legend is promoted for its location on Truong Sa Street, near the sea, a golf course and the Co Co River. The potential for high-end apartments in the city center and along the Han River is also seen as improving as the number of tourists and international specialists increases. In Hanoi, Tay Ho Tay is becoming more attractive to Grade A office developers and tenants thanks to coordinated planning, improving infrastructure and a large land bank. The city has also allocated more than 270 hectares in Dong Anh for a multifunctional urban area and more than 8 hectares for a housing project for police officers and soldiers.

Regarding land resources and urban development, Sao Mai Company has been selected as the investor for a mixed-use urban area in Hung Yen, with total investment exceeding VND 21.5 trillion. More than 380 hectares of cleared land within the Long Thanh urban, commercial and service area are ready to be offered for land-use rights auctions. Sun Group has proposed developing the Ba Vi eco-tourism complex, including a safari component covering more than 580 hectares. Housing design trends are also emphasizing natural light, ventilation and greenery, from a 60-square-meter house in a densely populated neighborhood and a three-story townhouse on a 5-by-20-meter plot to a 56-square-meter apartment optimized for study space. Buyers have been advised to carefully review remaining financial obligations when encountering “free home” advertisements, while a building’s remaining service life may increasingly affect apartment values. In Spain, the eviction of an 87-year-old woman from an apartment where she had lived for 70 years because she could no longer afford the rent has fueled further concern over rising housing costs.

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