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Today's real estate landscape saw notable developments in urban planning, logistics infrastructure and industrial property. Ho Chi Minh City is planning a network of logistics hubs at 10 major locations, including Cat Lai, Long Binh, Linh Trung, Hiep Phuoc, Cu Chi, Hoc Mon and Tan Son Nhat Airport. The city has also approved the conversion of more than 15.6 hectares of agricultural land in Binh Trung and Cat Lai for a housing project, while targeting the relocation, demolition and reconstruction of 64 old apartment buildings comprising 8,577 units during the 2026-2030 period. In the North, the first phase of Tay Pho Yen Industrial Park, covering nearly 500 hectares, has been launched in Thai Nguyen. In Quang Tri, the more than 167-hectare U Bo Mountain and Thac Chuoi Lake eco-tourism complex, with total investment exceeding VND16.23 trillion, has also broken ground. At the same time, costs are becoming a major concern as industrial land rents in some areas have risen by more than 1...

The real estate market is seeing a series of notable developments in major urban areas. Ho Chi Minh City is expected to relocate and demolish 64 old apartment buildings containing a total of 8,577 units during the 2026-2030 period, with the goal of renovating or rebuilding all of these structures. The city is also inviting international bids for the Tan An 1A Ward new urban area, covering nearly 275 hectares with total investment of more than VND 68.57 trillion, equivalent to nearly USD 2.7 billion. Meanwhile, four land lots in Thu Thiem will be auctioned online on November 27, with a combined starting price of more than VND 16.6 trillion and accompanying financial requirements. From a policy perspective, National Assembly deputy Le Thanh Hoan proposed banning the transfer of contracts for future-formed homes to curb speculation and paper flipping. Market realities also show that financial pressure remains present, as one buyer had to lower the asking prices of two apartments and acc...

The real estate market recorded several notable developments in major urban areas and regions benefiting from expanding infrastructure. In Ho Chi Minh City, Asian brands, particularly in food and fashion, continued to expand, helping maintain stable occupancy rates for retail spaces. In the housing segment, high-end apartments accounted for more than 73% of commercial housing supply during the first nine months of the year, while affordable apartments disappeared entirely from the market. The overall market is expected to receive around 30,300 new housing products in the fourth quarter, mainly concentrated in the southern region. Serviced apartments also remained attractive as the number of international visitors and experts increased, with occupancy rates reaching up to 85%.

The real estate market is showing a clear divergence in supply and purchasing power. In Ho Chi Minh City, high-end apartments accounted for more than 73% of commercial housing supply in the first nine months of the year, while the affordable segment completely disappeared. Although developers have continuously offered discounts of 20 to 30%, interest support and extended payment schedules, purchasing power remains difficult to improve as buyers stay cautious about home prices, capital costs and investment prospects. Meanwhile, the market is expected to receive around 30,300 new housing products in the fourth quarter, concentrated mainly in the southern region. In Nghe An, the Sun Glory Residence apartment complex in central Vinh comprises five towers and more than 37 amenities, targeting the housing and asset accumulation needs of Nghe An residents living away from home. Van Phuc Group has also included an apartment valued at nearly VND 8 billion in an incentive program for Diamond Sky...

The domestic real estate market recorded notable developments involving planning, land policies and corporate activity. In Hanoi, Vingroup’s Bac Hong urban area project is being studied for the conversion of part of its low-rise housing land into an eight-story social housing complex. Meanwhile, the Vinhomes Vung Ang industrial park project in Ha Tinh has been expanded to more than 1,400 hectares, with total investment rising to over VND 23,000 billion. In the social housing segment, a new proposal would restrict unrestricted resale after five years, allowing transfers only to people eligible for the relevant housing policy. Ho Chi Minh City has also handed over an initial 7,393 square meters of land in Thu Duc Ward for a housing project for the People’s Public Security forces. In Ho Chi Minh City, land auction and valuation procedures are being tightened. The city has asked agencies to review legal conditions, determine responsibilities and set processing deadlines for each land plo...

The real estate market is showing mixed developments as various incentive policies have yet to sufficiently encourage buyers to commit. Despite developers offering discounts of 20 to 30 percent, interest-rate support and extended payment schedules, buyers remain cautious about home prices, capital costs and investment prospects. Meanwhile, brokerage companies continue to face cash flow constraints and declining transactions, forcing them to cut staff and scale back distribution activities. On a more positive note, ground-floor shophouses in apartment buildings in Ho Chi Minh City are gradually filling up as landlords actively reduce rents, creating opportunities for households to open service and retail businesses. Real estate transactions in the fourth quarter are also forecast to potentially double, supported by improved home-buying demand, a more abundant supply and stimulus policies. In terms of policy and urban development, Ho Chi Minh City is expected to extend the estimated im...

The real estate market is seeing several notable developments in major urban areas. Hai Phong has approved a plan to auction a 3-hectare land plot near the administrative center north of the Cam River, with expected proceeds of more than VND 2 trillion. In Hue, a land plot of over 6,700 square meters in the city center is also set to be auctioned, with a starting price of VND 281 billion for the development of a five-star hotel complex. Meanwhile, Tay Ninh is preparing to select an investor for the nearly 2,610-hectare Long Huu new urban area, designed for approximately 200,000 residents. Da Nang is also planning the Ba Na urban area across the entire Ba Na commune, with the orientation of becoming a western growth pole accommodating more than 87,000 residents by 2050. In Ho Chi Minh City, the Lotte Eco Smart City Thu Thiem complex, with investment capital of VND 60 trillion, has restarted construction after years of delay caused by legal and financial obligations. The city also plan...

The real estate market recorded a series of notable developments in urban planning and development. Tay Ninh is preparing to bid for an investor for the nearly 2,610-hectare Long Huu new urban area, designed for approximately 200,000 residents and valued at more than 10 billion USD. In Da Nang, Ba Na urban area is being planned across the entire Ba Na commune, covering more than 13,600 hectares, with an orientation to become a western growth pole accommodating over 87,000 residents by 2050. Hanoi has also approved a Vinhomes-led investor consortium to mobilize capital for an international sports urban area of nearly 9,000 hectares, among the largest projects of its kind in Vietnam. Meanwhile, three land lots totaling more than 159 hectares in Long Thanh Ward, adjacent to Long Thanh Airport, are expected to be auctioned this year to support the operation of the international airport. In Hue, a land plot of more than 6,700 square meters in the city center is also scheduled for auction, w...

The real estate market is seeing mixed developments in demand, rents and transactions. In Ho Chi Minh City, shophouses at the podiums of apartment buildings are gradually moving away from a period of vacancy as landlords proactively reduce rents, attracting households to open service and retail businesses. In contrast, primary apartment transactions in the third quarter fell by 72% to 83% year on year as high borrowing costs and sharply rising prices made buyers more cautious. Nevertheless, stronger homebuying demand, more abundant supply and demand stimulus policies are expected to support a more positive fourth quarter, with transactions potentially doubling. In Nha Trang, tenants continue to face difficulties as apartment rents have risen 30% to 40% compared with the beginning of the year. Meanwhile, Ho Chi Minh City has issued ownership certificates for 43,200 homes since the beginning of the year, while 13,949 applications are awaiting buyers’ payment of registration fees. Regar...

Today’s real estate landscape features notable developments in policy, supply and land auctions. Ho Chi Minh City has proposed collecting an amount equivalent to 1% of the transaction value from organizations and individuals transferring houses or land for the first time in TOD development areas. The city has also brought four land lots in Thu Thiem back into its auction plan, with a combined starting price of nearly VND 16.7 trillion, 3.2 times higher than in 2021. Meanwhile, nearly 160 hectares in Long Thanh Ward, near Long Thanh International Airport, are expected to be auctioned this year to support airport operations. In Hue, 25 residential land lots in the An Van Duong urban area are also set to be auctioned, with starting prices ranging from VND 2.6 billion to more than VND 6.5 billion per lot and a combined starting value exceeding VND 101 billion. In the housing segment, primary apartment transactions in Ho Chi Minh City during the third quarter fell by 72-83% year on year a...

The real estate market recorded several notable developments in major urban areas. In Ho Chi Minh City, four land lots in Thu Thiem have been brought back into the auction plan with a combined starting price of nearly VND 16.7 trillion, 2.4 to 3.6 times higher than the levels set in 2021. The city also approved an auction plan for three land lots covering more than 2.1 hectares in Thu Thiem for the development of an integrated school, while lots 3-12, 3-8 and 3-9 were assigned a combined starting price of nearly VND 14.575 trillion. In another development, nearly 19.2 hectares of land at the Ho Chi Minh City Hi-Tech Park was recovered after the Millennium Park project ceased operations. The city also handed over nearly 4,820 square meters of land to Thao Dien Real Estate Company for the Nam Ly social housing project in Phuoc Long Ward, with a 50-year land use term, and announced four additional SonKim Land projects eligible for sale to foreign buyers. Social housing remains a major f...

Ho Chi Minh City’s real estate market is seeing a number of notable developments in land management, land use and social infrastructure. The city will recover nearly 19.2 hectares of land at the Saigon Hi-Tech Park after the Millennium Park project of Saigon Garment Manufacturing Corporation ended its operations. In another move, nearly 4,820 square meters of land in Phuoc Long Ward was allocated to Thao Dien Real Estate Company to develop the Nam Ly social housing project, with a land-use term of 50 years. The city also announced four additional projects by SonKim Land that are eligible for sale to foreign buyers. In the Thu Thiem New Urban Area, the Ho Chi Minh City People’s Committee approved a plan to auction the land-use rights of three plots with a combined area of more than 2.1 hectares for the construction of schools offering multiple levels of education. The starting price for plots 3-12, 3-8 and 3-9 is nearly VND14.575 trillion, with plot 3-12 priced at more than VND1 billi...

The real estate market is showing mixed signals. In Hanoi, weak liquidity has prompted many developers to increase discounts and incentives, bringing down the price level of new apartments for the first time after two years of continuous increases. Nationwide real estate inventory reached nearly 53,000 products in the third quarter, almost twice the figure recorded in the same period last year, as purchasing power declined while projects found it difficult to reduce selling prices. The primary villa and townhouse segment in Hanoi also faced absorption pressure as supply rose sharply but only around 30% of units found buyers, according to CBRE. At the same time, many homebuyers with loans have had to sell their properties, move to smaller homes or relocate farther from central areas after interest-rate support periods ended and floating rates increased. In the housing and urban development segment, Hanoi has asked the developer of the NO1 Ha Dinh social housing project to shorten the ...

Hanoi’s primary market recorded a sharp increase in the supply of villas and townhouses in the third quarter, but according to CBRE, only about 30% of units were absorbed because prices remained high. In the affordable housing segment, a social housing project in Phuc Thinh is expected to be priced at VND 29.7 million per square meter. Meanwhile, housing demand in northern Ho Chi Minh City is expected to rise alongside plans to attract high-tech investment and international experts. In Ho Chi Minh City, more than 3.3 hectares of production land in An Phu Ward have been approved for conversion to develop the Phu Gia Khiem apartment project. However, land procedures, site clearance and the requirement for synchronized infrastructure investment remain major bottlenecks in expanding the urban area. Financial pressure is also continuing to affect homebuyers, as many have had to sell properties, move to smaller apartments or relocate farther from the city center after interest-rate support e...

The real estate market recorded notable developments across housing, land and commercial property segments. After the end of interest rate support periods, some homebuyers have had to sell their properties, move to smaller homes or choose locations farther from city centers to ease financial pressure as floating interest rates rise. Meanwhile, primary supply from two large urban projects in western and southern Ho Chi Minh City, where prices are lower, pushed townhouse prices down by nearly 33% year on year. The city’s retail absorption also fell 26% in the third quarter as sports, lifestyle and entertainment chains reduced their floor space. In contrast, condotel sales in the third quarter increased more than fivefold from the previous quarter, despite continued sluggishness in the resort property market. In Ho Chi Minh City, municipal authorities resolved legal issues and allowed Giang Nam Company to convert more than 3.3 hectares of production land for the Phu Gia Khiem apartment ...

The real estate market continued to show mixed developments in the third quarter. In Ho Chi Minh City, primary supply from two large urban developments in the western and southern areas, where prices were lower, pushed landed housing prices down by nearly 33% year on year, according to Savills. In the retail sector, absorption fell 26% during the quarter as sports, lifestyle and entertainment chains reduced their premises, according to Knight Frank. DXS-FERI also recorded real estate price declines of 5-20% in several areas, as some new projects adjusted prices below the prevailing local levels. Amid large supply, the Vietnam Association of Realtors recommended that developers adjust their product structure and limit high-end housing development to avoid the risk of oversupply. Despite the overall slowdown, several segments and localities showed positive signals. Lam Dong recorded 7,103 land transactions in the third quarter, up 13% from the same period last year. Condotel absorption...

The real estate market in the third quarter continued to show clear differentiation. According to DXS-FERI, property prices in many areas fell by 5-20% as some new projects adjusted prices below local market levels. Demand also weakened, with the absorption of primary housing nationwide down 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and neighboring areas fell 66% compared with the previous quarter, according to Dat Xanh Services. Lam Dong, however, moved against the broader trend, recording 7,103 land plot transactions in the third quarter, up 13% from the same period last year. Hanoi expects to collect VND146 trillion in land-related budget revenue this year, an increase of more than 35% from 2025 and the highest level ever recorded. In the social housing segment, Ho Chi Minh City has added a project covering nearly 192 hectares in Ba Diem Commune. The project will be developed by Delta Joint Stock Company, an enterprise within the Vinhomes eco...

The real estate market in the third quarter recorded a clear adjustment in both prices and purchasing power. According to DXS-FERI, property prices in many areas fell by 5 to 20%, with some new projects being adjusted below the local market level. Nationwide absorption of primary housing decreased by 36% year on year, while demand for land plots and apartments in Ho Chi Minh City and surrounding areas fell 66% compared with the previous quarter. In Hanoi, the absorption rate for new apartments was only around 30%, significantly lower than the 70 to 80% recorded in the same period last year. Against this backdrop, some developers introduced cash flow support policies, including a plan at The Westique Residences allowing buyers to pay 30% of the apartment value until handover and defer the remaining schedule for 30 months. The supply of social housing continues to expand in several localities. Ho Chi Minh City has an additional project covering nearly 192 hectares in Ba Diem Commune, w...

The real estate market is showing mixed developments in business performance, purchasing power and project policies. Kinh Bac Urban Development Corporation, a company associated with businessman Dang Thanh Tam, recorded more than VND 937 billion in net profit after tax in the third quarter, its highest level since the first quarter of 2023. Meanwhile, the absorption rate of new apartments in Hanoi was only about 30% in the third quarter, a sharp decline from 70 to 80% during the same period last year. Although secondary prices have cooled and developers have increased incentives, buyers remain cautious because of financial pressure and expectations of better prices. Several projects are offering cash flow support, including The Westique Residences, where buyers of two-bedroom apartments pay 30% of the value until handover, followed by a 30-month extended payment schedule. In the social housing segment, Bac Ninh is expected to receive nearly 2,900 additional apartments at Hope Residen...

The real estate market is seeing notable developments in Ho Chi Minh City, Bac Ninh and localities pursuing urban and tourism development. In Ho Chi Minh City, authorities have proposed setting a compensation coefficient when the State appoints contractors for old apartment renovation projects, instead of leaving investors and residents to negotiate independently. Working Group 1645 has also met with real estate businesses to address obstacles and accelerate the issuance of certificates to homebuyers at four projects. Meanwhile, more than 5.5 hectares of land at the Nam Thanh Pho five-urban-cluster project is expected to be reduced to make way for the expansion of National Highway 1. The city has also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total to 158 projects. Market liquidity remains under pressure as homebuyers stay cautious amid financial strain and expectations of further price reductions. Secondary prices have cooled a...

Vietnam’s real estate market is seeing a series of moves to address legal obstacles, adjust planning and accelerate project development. In Ho Chi Minh City, Working Group 1645 met with real estate businesses to review difficulties and speed up the issuance of ownership certificates for homebuyers at four projects. The city also announced 10 additional commercial housing projects eligible for sale to foreigners, bringing the total number of qualified projects to 158. In contrast, prices of townhouses and detached homes in several areas have fallen by billions of dong as sellers face financial pressure while buyers remain cautious. The Nam Thanh City five-urban-cluster project will also reduce more than 5.5 hectares of land to serve the expansion of National Highway 1. In other localities, Hai Phong has allowed six businesses to pilot 10 commercial housing projects under a new mechanism, with total expected investment exceeding VND 11.346 trillion. In Hung Yen, an investor was selecte...

The real estate market is seeing notable developments in capital flows, supply and investment activity. In the first nine months of the year, property companies issued VND 149.455 trillion worth of bonds, a sharp increase from the same period in 2025 amid tighter credit conditions. In Hung Yen, a company established only three months ago was approved as the investor of the Me So New Urban Area, adjacent to Ring Road 4, with an expected investment of VND 15.6 trillion. Meanwhile, Hai Phong has allowed six property companies to pilot 10 commercial housing projects under a new mechanism, with total expected investment exceeding VND 11.346 trillion. In the land and resort real estate segment, Gia Lai plans to auction a site of more than 19 hectares in Nhon Hoi Economic Zone for the development of the Golf Academy Resort Villa Area in the fourth quarter of 2026, with a value of nearly VND 1.5 trillion. Hue will also hold a second auction for more than 10,600 square meters of riverside lan...

The real estate market is seeing notable developments across several localities. In Ho Chi Minh City, prices of alley houses, townhouses and detached homes have fallen by billions of dong in many areas as sellers face financial pressure, while buyers remain cautious. In contrast, primary apartment prices continued to rise 12% year on year to an average of VND 110 million per square meter, despite supply increasing by nearly half in the third quarter. The city is also collecting opinions on draft criteria and policies for converting industrial parks and clusters into eco industrial models, and plans to issue its own criteria for this sector. Thadico and Becamex have been allocated or leased approximately 708 hectares of land for industrial and urban projects. Meanwhile, experts say clear criteria are needed to identify vacant land before imposing a 0.2% tax, in order to limit impacts on businesses and the property market. Housing supply is being added in several localities, but the pr...

The property market today saw several notable developments in major urban areas. Ho Chi Minh City is collecting opinions on draft criteria and policies for converting industrial parks and clusters into an eco-industrial model from October 6 to November 6. The city has also allocated or leased approximately 708 hectares of land to Thadico and Becamex for industrial and urban projects. Meanwhile, experts support imposing a 0.2% tax on vacant land but have called for clear criteria to identify such land and limit impacts on businesses and the real estate market. Primary apartment prices in Ho Chi Minh City continued to rise by 12% year on year to an average of VND 110 million per square meter, despite supply increasing by nearly half in the third quarter, according to Knight Frank. The city’s Department of Construction also confirmed that foreign buyers had signed contracts for 57 apartments at the Sensation project in An Khanh Ward, with 24 units remaining in the foreign ownership quota.

The real estate market recorded several notable developments in Ho Chi Minh City and Hanoi. In Ho Chi Minh City, the authorities have allocated or leased approximately 708 hectares of land to Thadico and Becamex for industrial and urban projects, while planning to auction five land lots in An Khanh Ward in October. The city has also recovered more than 6,400 square meters of public land in the C30 area after the managing unit voluntarily returned it. In the residential segment, the Sensation project has signed sales contracts for 57 apartments with foreign buyers, while 24 units remain available under the foreign ownership quota. Ho Chi Minh City also requires real estate businesses to register electronic identification accounts and use VNeID to disclose project information on the housing information system. Regarding policy and business conditions, more than 2,800 real estate companies completed dissolution procedures in the first nine months of the year, an increase of 123% year on...

The real estate market is recording notable developments in Hanoi and Ho Chi Minh City, ranging from the management and use of public land to new project activity. In Ho Chi Minh City, more than 6,400 square meters of public land at Lot B18 in the C30 area, Dien Hong Ward, has been reclaimed after the managing unit voluntarily returned it. The city has also approved a plan to auction five land lots in An Khanh Ward in October, an area containing apartment blocks in a 3,790-unit resettlement complex that have remained vacant for years. Meanwhile, despite the prohibition, apartments are still being used as offices, warehouses and spas in many condominium buildings, causing frustration among residents. In suburban areas, some apartment owners have accepted rent reductions of 8-10% amid competition from new supply and tighter controls on short-term accommodation activities in buildings. In Hanoi, land-use fee collection reached VND 85.044 trillion by September 30, equivalent to more than...

Vietnam’s real estate market is seeing notable developments in supply, policy and purchasing power. In Hanoi, the city collected VND 85.044 trillion in land-use fees during the first nine months of the year, reaching more than 56% of the annual plan. Nearly one hectare of land at 6-8 Chua Boc Street has also been converted for a project comprising apartments, offices and a hotel. Meanwhile, Phat Dat opened the Q'Terra project sales gallery at Grand Terra Building, 36 Cat Linh, on October 3, attracting hundreds of customers and investors. In the social housing segment, the projected selling price at HUD Thu Duc is more than VND 30.7 million per square meter for 209 apartments, with applications expected to be accepted from the fourth quarter. The Long Truong social housing project has a determined selling price of nearly VND 24.5 million per square meter, while its rental price was reduced by nearly VND 13,000 per square meter per month after review. More than 1,100 apartments at 4S...

The real estate market is seeing notable developments in Ho Chi Minh City, Hanoi and several other localities. In Ho Chi Minh City, real estate business revenue reached VND 322.63 trillion in the first nine months of the year, up 8.4% year on year. However, slow liquidity and high capital costs are prompting some investors in Ho Chi Minh City and the former Binh Duong area to put apartments up for sale, accepting lower profit expectations to recover capital. MBS forecasts that the real estate absorption rate in the second half of the year may reach only about 40-50%, down 10 percentage points year on year, as high interest rates continue to weigh on purchasing power. In the United States, the 30-year mortgage rate rose to 7.28%, its highest level in three years, adding pressure on homebuyers and homeowners seeking to refinance. The social housing segment remains a major focus. The selling price of social housing in Long Truong has been set at nearly VND 24.5 million per square meter,...

The real estate market is facing clear pressure from high interest rates and elevated financing costs. MBS Securities forecasts that the property absorption rate in the second half of the year may reach only around 40 to 50%, down 10 percentage points year on year, as high interest rates continue to weigh on purchasing power. In the United States, the 30 year mortgage rate rose to 7.28%, its highest level in three years, putting pressure on homebuyers and homeowners seeking to refinance. In Vietnam, slow liquidity and high capital costs have prompted some investors in Ho Chi Minh City and the former Binh Duong area to put apartments up for sale, accepting lower profit expectations to recover capital. Nevertheless, real estate revenue in Ho Chi Minh City reached VND 322.63 trillion in the first nine months of the year, up 8.4% year on year. In project development, local authorities and businesses are stepping up preparations for land funds, housing and resort real estate. Hanoi has ap...

The real estate market is showing mixed developments. In Ho Chi Minh City and Binh Duong, slow liquidity and high capital costs are prompting some investors to resell apartments and accept lower profit expectations to recover capital. Meanwhile, riverside apartment prices in cities have risen sharply over the past five years, reaching 500 to 650 million VND per square meter in some locations as land along the Saigon River becomes increasingly scarce and new projects continue to establish higher price levels. Some projects are offering buyer support policies, such as The Westique Residences, which provides a maximum discount of 13.1% for customers making fast payments, together with extended payment schedules and interest waivers. In Da Nang, studio apartments along the Han River, starting from 1.8 billion VND, are being introduced for rental exploitation. In planning and project development, Hanoi has converted more than 6,000 square meters of land near the foot of Vinh Tuy Bridge fo...

Vietnam’s real estate market is seeing notable developments in planning, project investment and housing policy. Vinhomes is expected to raise the total investment in its urban development along Cam Ranh Bay from VND 85.3 trillion to VND 194 trillion. In Dong Nai, seven of the eight subdivisions of Aqua City have been determined not to incur additional land-use fees after planning adjustments, while the remaining subdivision still needs its financial obligations to be determined. On Phu Quoc Island, the Rach Vem and Ganh Dau areas have been planned across more than 550 hectares for tourism, ecological resort development and coastal spaces. Meanwhile, an urban project worth more than VND 7.1 trillion in Ba Na is expected to reduce residential land by 10 hectares and remove the garden villa category to make room for utility facilities. Regarding policy and housing supply, the Government has asked localities to raise the target for rental social housing to more than 191,000 units and red...