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.
Over the past year, residential land prices in several suburban districts such as Long Bien and Gia Lam have increased by more than 30% year-on-year, according to a report from OneHousing. OneHousing, a market research unit backed by Techcombank and Masterise, noted that both land prices and transaction volumes in Hanoi saw significant growth last year. In 2024, the total number of transactions reached approximately 42,000. Liquidity in this segment peaked in the second quarter before gradually declining toward the end of the year. In the fourth quarter alone, the western area (Cau Giay, Bac Tu Liem, Nam Tu Liem, Ha Dong) led with 3,500 transactions, while the eastern area (Long Bien, Gia Lam) recorded about 2,900 deals. Land prices in other areas also experienced strong growth, ranging between 17-33% over the past year. Specifically, in the east, the average land price in Long Bien was around 130-150 million VND per square meter, while in Gia Lam, it ranged from 40-60 million VND...