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Daily real estate briefing: Market divergence as infrastructure and policy create new momentum

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 for the UDIC Riverside 2 housing and service complex. Hai Phong aims to attract investment in 52 housing projects covering approximately 2,000 hectares through 2030. Northeastern Ho Chi Minh City is expected to gain greater appeal from major infrastructure works, including the expansion of National Highway 13, the Ho Chi Minh City, Chon Thanh expressway, metro routes to the city center and ring roads. BIM Group wants to study investment opportunities in resorts, urban areas and services in Moc Chau, while TH Group has proposed a 960-hectare coastal ecological tourism project in eastern Dak Lak, with expected capital of 28 trillion VND. Vinhomes will also raise the total investment in its urban project along Cam Ranh Bay from 85.3 trillion to 194 trillion VND. In the high-end segment, SonKim Land and its partners held the topping-out ceremony for Tower A of The OpusK at The Metropole Thu Thiem on September 30.

Regarding policy and land management, the Government Inspectorate identified thousands of public housing and land facilities in Da Nang with incomplete records, long-term vacancies, encroachment or improper use. The Government has proposed adding three cases in which the State may recover land for socioeconomic development, including rental housing projects, while requiring local authorities to raise the target for social rental housing to more than 191,000 units and reduce the proportion of homes for sale over the next four years. Dong Nai determined that seven of Aqua City's eight subdivisions would not incur additional land-use fees after planning adjustments. Experts have also proposed allowing overseas Vietnamese to directly register inherited land-use rights. Housing designs are likewise focusing on optimizing space, from a 20-square-meter house with changing functions on each floor to a 50-square-meter home within a multigenerational family compound.

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