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 selected for the Me So New Urban Area, a VND 15.6 trillion project adjacent to Ring Road 4. Bac Ninh became a centrally governed city on September 20, opening a new phase of development in infrastructure, industry and urban areas while creating momentum for projects such as Hong Hac City. Meanwhile, Gia Lai plans to auction a site of more than 19 hectares in Nhon Hoi Economic Zone for a Golf Academy Resort Villa Area in the fourth quarter of 2026. Tuyen Quang has included a cable car system at the Ma Pi Leng tourist area in its list of projects seeking off-budget investment through 2030.
In terms of funding, property businesses issued VND 149.455 trillion worth of bonds in the first nine months of the year, a sharp increase from the same period in 2025 amid tight credit conditions. However, the market in 2027 is expected to remain under pressure from interest rates, home prices exceeding incomes and regulations on apartment building lifespans, forcing businesses to restructure their assets. At the project level, Palm City has begun construction of a riverside park and jogging path, while Norton Park, covering 7.9 hectares with 1,286 products, was introduced at an event attended by more than 2,000 sales professionals. TT Genesis is incorporating various high-end appliances into its handover standards. Phu My Hung is also entering a transition phase as the Lawrence S. Ting building stops operating from October 1. Other notable housing projects feature inward-looking designs, vegetation preservation and natural lighting and ventilation, while Q'Terra incorporates Quy Nhon cultural elements into contemporary architecture and The Infinity leverages its connectivity in southern Phu Quoc.
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 selected for the Me So New Urban Area, a VND 15.6 trillion project adjacent to Ring Road 4. Bac Ninh became a centrally governed city on September 20, opening a new phase of development in infrastructure, industry and urban areas while creating momentum for projects such as Hong Hac City. Meanwhile, Gia Lai plans to auction a site of more than 19 hectares in Nhon Hoi Economic Zone for a Golf Academy Resort Villa Area in the fourth quarter of 2026. Tuyen Quang has included a cable car system at the Ma Pi Leng tourist area in its list of projects seeking off-budget investment through 2030.
In terms of funding, property businesses issued VND 149.455 trillion worth of bonds in the first nine months of the year, a sharp increase from the same period in 2025 amid tight credit conditions. However, the market in 2027 is expected to remain under pressure from interest rates, home prices exceeding incomes and regulations on apartment building lifespans, forcing businesses to restructure their assets. At the project level, Palm City has begun construction of a riverside park and jogging path, while Norton Park, covering 7.9 hectares with 1,286 products, was introduced at an event attended by more than 2,000 sales professionals. TT Genesis is incorporating various high-end appliances into its handover standards. Phu My Hung is also entering a transition phase as the Lawrence S. Ting building stops operating from October 1. Other notable housing projects feature inward-looking designs, vegetation preservation and natural lighting and ventilation, while Q'Terra incorporates Quy Nhon cultural elements into contemporary architecture and The Infinity leverages its connectivity in southern Phu Quoc.