Daily real estate brief: More than 700 hectares allocated, tighter project disclosure and key policy developments
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 year. The Ministry of Finance has proposed a 0.2% tax without applying a quota to abandoned land or land that has been slow to be put into use, a rate nearly seven times higher than that applied to residential land within the quota. The Vietnam Bank for Social Policies said that the 2026 funding allocation for social housing loans has been fully distributed and that it is proposing additional funding. Meanwhile, apartments are still being used as offices, spas and warehouses in many Ho Chi Minh City condominium buildings. In another development, CapitaLand held a four-month community campaign that attracted more than 8,500 participants and raised over VND 2.5 billion to support disadvantaged children.
In Hanoi, Vingroup is expected to invest in the 460.6-hectare Lien Ha urban project in Thu Lam. 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 target. Projects such as Le Parc Place, The Westique Residences, Khai Hoan Prime and Soho, The Global City continue to be promoted based on their infrastructure, connectivity and urban ecosystems. In the rental segment, many condominium owners in suburban areas have accepted rent reductions of 8 to 10% amid competition from new supply and tighter controls on short-term accommodation businesses. Alongside market developments, housing trends are also drawing attention, from a 100-square-meter apartment prioritizing shared living areas to a narrow house lowered by 0.85 meters to create additional space for two generations.
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 year. The Ministry of Finance has proposed a 0.2% tax without applying a quota to abandoned land or land that has been slow to be put into use, a rate nearly seven times higher than that applied to residential land within the quota. The Vietnam Bank for Social Policies said that the 2026 funding allocation for social housing loans has been fully distributed and that it is proposing additional funding. Meanwhile, apartments are still being used as offices, spas and warehouses in many Ho Chi Minh City condominium buildings. In another development, CapitaLand held a four-month community campaign that attracted more than 8,500 participants and raised over VND 2.5 billion to support disadvantaged children.
In Hanoi, Vingroup is expected to invest in the 460.6-hectare Lien Ha urban project in Thu Lam. 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 target. Projects such as Le Parc Place, The Westique Residences, Khai Hoan Prime and Soho, The Global City continue to be promoted based on their infrastructure, connectivity and urban ecosystems. In the rental segment, many condominium owners in suburban areas have accepted rent reductions of 8 to 10% amid competition from new supply and tighter controls on short-term accommodation businesses. Alongside market developments, housing trends are also drawing attention, from a 100-square-meter apartment prioritizing shared living areas to a narrow house lowered by 0.85 meters to create additional space for two generations.