Real Estate News Roundup: Phu My Hung Launches Luxury Apartments as New Proposals Address Homes Without Certificates
The real estate market recorded notable developments across the housing, resort and industrial segments. In Ho Chi Minh City, HoREA proposed that electricity and water services should not be cut off for homes where owners are legally residing, even if the properties have construction violations related to renovation or repair work. The city’s People’s Committee also authorized commune, ward and special administrative area authorities to determine selling prices for resettlement housing built with state investment, with the policy applicable through the end of 2030. The Ministry of Construction proposed expanding the group of real estate business contracts eligible for transfer, including houses and completed structures that do not yet have land-use certificates. Meanwhile, buyers were advised to carefully calculate all remaining financial obligations after transactions involving “free home” advertisements in order to limit risks linked to previous owners.
In southern Ho Chi Minh City, Phu My Hung launched the Triton Crown project at the Crescent Lake area on the evening of September 26, attracting around 600 guests, mainly business owners and senior managers. Positioned in the luxury segment, the project comprises 297 apartments, 28 shophouses and four commercial service homes. Phu My Hung’s real estate transaction office will also leave the Lawrence S. Ting Building after more than 20 years and move to Crescent Residence 3, making way for a new mixed-use complex. Elsewhere, Khanh Hoa broke ground on a VND1.6 trillion resort project in Vinh Hy, including villas, restaurants and a spa. In Hanoi, a garment factory in Vinh Tuy Ward could be converted into a 26-story luxury housing complex with investment capital exceeding VND3 trillion. T&T Group also proposed studying four planning projects in Tuyen Quang, including the Dong Van ancient town and Lung Cu Flag Tower area covering 6,000 hectares.
In other localities, industrial real estate continued to benefit from foreign direct investment. Prodezi Industrial Park in Tay Ninh received three additional projects over the past two months with total capital of around USD24 million, including a USD20 million investment from Singapore to build a fiber manufacturing plant. Kim Oanh Group partnered with Longfor to plan the nearly 50-hectare One Era urban area in northeastern Ho Chi Minh City, while infrastructure improvements and the gradual formation of residential communities and amenity systems are creating additional room for growth in southern Da Nang. Housing and elderly care models also attracted attention through co-housing developments combining apartments, shared spaces and commercial areas, as well as the Heritage Life Center elderly care facility within the Legacy Nexus complex in Phu Tho. From an architectural perspective, several projects focus on flexible living spaces, natural light and community connections, ranging from a 56-square-meter apartment without a living room to single-story houses designed with a resort-inspired character.
In southern Ho Chi Minh City, Phu My Hung launched the Triton Crown project at the Crescent Lake area on the evening of September 26, attracting around 600 guests, mainly business owners and senior managers. Positioned in the luxury segment, the project comprises 297 apartments, 28 shophouses and four commercial service homes. Phu My Hung’s real estate transaction office will also leave the Lawrence S. Ting Building after more than 20 years and move to Crescent Residence 3, making way for a new mixed-use complex. Elsewhere, Khanh Hoa broke ground on a VND1.6 trillion resort project in Vinh Hy, including villas, restaurants and a spa. In Hanoi, a garment factory in Vinh Tuy Ward could be converted into a 26-story luxury housing complex with investment capital exceeding VND3 trillion. T&T Group also proposed studying four planning projects in Tuyen Quang, including the Dong Van ancient town and Lung Cu Flag Tower area covering 6,000 hectares.
In other localities, industrial real estate continued to benefit from foreign direct investment. Prodezi Industrial Park in Tay Ninh received three additional projects over the past two months with total capital of around USD24 million, including a USD20 million investment from Singapore to build a fiber manufacturing plant. Kim Oanh Group partnered with Longfor to plan the nearly 50-hectare One Era urban area in northeastern Ho Chi Minh City, while infrastructure improvements and the gradual formation of residential communities and amenity systems are creating additional room for growth in southern Da Nang. Housing and elderly care models also attracted attention through co-housing developments combining apartments, shared spaces and commercial areas, as well as the Heritage Life Center elderly care facility within the Legacy Nexus complex in Phu Tho. From an architectural perspective, several projects focus on flexible living spaces, natural light and community connections, ranging from a 56-square-meter apartment without a living room to single-story houses designed with a resort-inspired character.