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 and developers have increased incentives, but buyers have yet to rush into purchases. In Ho Chi Minh City, prices of alley houses and townhouses have fallen by billions of dong in some areas as sellers face financial pressure. The real estate recovery outlook for 2027 is expected to remain constrained by interest rates, housing prices exceeding incomes and regulations on apartment building service life, forcing businesses to restructure their assets. In the social housing segment, Phoenix Homes Bac Ninh is expected to sign apartment sale contracts in November 2026, with prices starting from VND 18.5 million per square meter, including VAT.
Elsewhere, Hung Yen has selected an investor for the VND 15.6 trillion Me So New Urban Area, adjacent to Ring Road 4. Bac Ninh became a centrally governed city on September 20, opening a new phase of infrastructure, industrial and urban development and creating momentum for projects such as Hong Hac City. Gia Lai plans to auction more than 19 hectares of land in Nhon Hoi Economic Zone to develop 331 tourism villa lots, with estimated costs of nearly VND 1.486 trillion and implementation expected in the fourth quarter of 2026. In Tuyen Quang, a cable car system at the Ma Pi Leng tourism area has been included in the list of projects seeking non-budget investment through 2030. Resort projects such as Q' Terra and The Infinity are also leveraging local culture, connectivity and tourist flows to develop accommodation, business and service activities.
Market liquidity remains under pressure as homebuyers stay cautious amid financial strain and expectations of further price reductions. Secondary prices have cooled and developers have increased incentives, but buyers have yet to rush into purchases. In Ho Chi Minh City, prices of alley houses and townhouses have fallen by billions of dong in some areas as sellers face financial pressure. The real estate recovery outlook for 2027 is expected to remain constrained by interest rates, housing prices exceeding incomes and regulations on apartment building service life, forcing businesses to restructure their assets. In the social housing segment, Phoenix Homes Bac Ninh is expected to sign apartment sale contracts in November 2026, with prices starting from VND 18.5 million per square meter, including VAT.
Elsewhere, Hung Yen has selected an investor for the VND 15.6 trillion Me So New Urban Area, adjacent to Ring Road 4. Bac Ninh became a centrally governed city on September 20, opening a new phase of infrastructure, industrial and urban development and creating momentum for projects such as Hong Hac City. Gia Lai plans to auction more than 19 hectares of land in Nhon Hoi Economic Zone to develop 331 tourism villa lots, with estimated costs of nearly VND 1.486 trillion and implementation expected in the fourth quarter of 2026. In Tuyen Quang, a cable car system at the Ma Pi Leng tourism area has been included in the list of projects seeking non-budget investment through 2030. Resort projects such as Q' Terra and The Infinity are also leveraging local culture, connectivity and tourist flows to develop accommodation, business and service activities.