Daily Real Estate Briefing: Ho Chi Minh City Tightens Data Updates as Markets Diverge and Major Projects Expand
Vietnam’s real estate market, particularly in Ho Chi Minh City, is seeing notable changes in management, transactions and support policies. Developers, trading floors and brokerage businesses are required to update project and transaction information as soon as changes occur instead of waiting for periodic reports. The city has also raised the framework for apartment management service fees to 600-13,700 VND per square meter per month, with the maximum level nearly double the previous regulation. Notably, Ho Chi Minh City has proposed compensation support ranging from 28% to 100% of the land compensation price for buyers of homes and land acquired through handwritten agreements between after July 1, 2014 and before August 1, 2024. In the first 10 months of the year, the city’s real estate business service revenue was estimated at VND 373,011 billion, up 10.8% year on year.
Market liquidity is becoming increasingly segmented. Investors with available cash are taking advantage of deep discounts, particularly for properties capable of generating rental income and cash flow. Meanwhile, many owners of townhouses and villas in southern Vietnam are accepting losses of billions of dong as borrowing costs rise, while buyers remain difficult to find. Land lots are becoming less attractive as speculative capital withdraws, exploitation potential is limited and the risk of capital being tied up is higher than with income-generating property types. In Da Nang, coastal apartments are expected to benefit from growing tourist arrivals and demand for accommodation from experts. The Heritage Tay Ninh is being planned as a tourism-oriented urban development combining residential space with commercial and service activities.
Regarding large-scale projects, Vinhomes’ international sports urban area is expected to increase its investment capital to more than VND 1.2 quadrillion, over 32% higher than the previous plan. A consortium led by Can Gio Tourism Urban Company, a Vingroup affiliate, has been approved to invest more than USD 7.9 billion in the Cai Mep Ha port complex. Novaland is targeting more than VND 516,800 billion in revenue from key projects by 2030. In the industrial sector, Dong Nai is leasing more than 438 hectares for the development and operation of Dong No Industrial Park in Tan Khai Ward, while VSIP plans to operate the second phase of Phu Dong Industrial Park in Hanoi from the third quarter of 2029. At the same time, housing trends focused on wellness, greenery and climate-responsive design continue through projects featuring wellness facilities, gardens, large glass doors and natural ventilation solutions.
Market liquidity is becoming increasingly segmented. Investors with available cash are taking advantage of deep discounts, particularly for properties capable of generating rental income and cash flow. Meanwhile, many owners of townhouses and villas in southern Vietnam are accepting losses of billions of dong as borrowing costs rise, while buyers remain difficult to find. Land lots are becoming less attractive as speculative capital withdraws, exploitation potential is limited and the risk of capital being tied up is higher than with income-generating property types. In Da Nang, coastal apartments are expected to benefit from growing tourist arrivals and demand for accommodation from experts. The Heritage Tay Ninh is being planned as a tourism-oriented urban development combining residential space with commercial and service activities.
Regarding large-scale projects, Vinhomes’ international sports urban area is expected to increase its investment capital to more than VND 1.2 quadrillion, over 32% higher than the previous plan. A consortium led by Can Gio Tourism Urban Company, a Vingroup affiliate, has been approved to invest more than USD 7.9 billion in the Cai Mep Ha port complex. Novaland is targeting more than VND 516,800 billion in revenue from key projects by 2030. In the industrial sector, Dong Nai is leasing more than 438 hectares for the development and operation of Dong No Industrial Park in Tan Khai Ward, while VSIP plans to operate the second phase of Phu Dong Industrial Park in Hanoi from the third quarter of 2029. At the same time, housing trends focused on wellness, greenery and climate-responsive design continue through projects featuring wellness facilities, gardens, large glass doors and natural ventilation solutions.