The real estate market is recording mixed developments. In southern Vietnam, many investors in townhouses and villas who used financial leverage are accepting losses of billions of dong to recover capital, yet are still struggling to find buyers. Land plots are also becoming increasingly difficult to sell as speculative cash flows withdraw, exploitation potential remains limited and the risk of capital being tied up rises. Meanwhile, young people remain cautious about taking out home loans because apartment prices exceed their accumulation capacity and lending rates fluctuate. For apartments nearing handover that are being offered at discounted prices, buyers are advised to pay attention to their remaining payment obligations after the principal repayment grace period ends.
On a positive note, real estate business service revenue in Ho Chi Minh City during the first 10 months of the year was estimated at VND 373.011 trillion, up 10.8% year on year. The city has also proposed support equivalent to 28% to 100% of compensation land prices for certain cases involving handwritten home and land purchase documents. It is also considering tax incentives, land-rent exemptions, interest support and shorter administrative processing times to attract outlet center projects. Ho Chi Minh City has handed over nearly 4.3 hectares in the Thu Thiem New Urban Area to Dai Quang Minh Company as payment for the BT contract to build Ba Son Bridge. Novaland aims to record more than VND 516.800 trillion in revenue from key projects by 2030, while its total outstanding debt is stated at VND 61.900 trillion.
The industrial property segment is adding new supply as Dong Nai leases more than 438 hectares to Ninh Phong Investment Development Joint Stock Company to develop and operate infrastructure for Dong Nai Industrial Park in Tan Khai Ward. In Hanoi, VSIP plans to develop the second phase of Phu Dong Industrial Park, covering nearly 100 hectares and expected to begin operations in the third quarter of 2029. In the housing and resort segment, coastal apartments in Da Nang are expected to benefit from rising tourist and expert demand, including Sun Saphia Residence. More than one hundred Sun Home apartments in Da Nang are also scheduled to launch at nearly VND 6.4 million per square meter for residents subject to relocation. Design trends are placing greater emphasis on flexible, naturally ventilated living spaces and health care, as seen in homes for two families, split-level houses for three generations, pitched-roof homes designed to reduce the need for air conditioning, and Maison Privée’s wellness philosophy. In addition, One Era has introduced 357 multifunctional low-rise products, while Starlake The Prime K8CT1 has extended its second payment deadline by five months.
On a positive note, real estate business service revenue in Ho Chi Minh City during the first 10 months of the year was estimated at VND 373.011 trillion, up 10.8% year on year. The city has also proposed support equivalent to 28% to 100% of compensation land prices for certain cases involving handwritten home and land purchase documents. It is also considering tax incentives, land-rent exemptions, interest support and shorter administrative processing times to attract outlet center projects. Ho Chi Minh City has handed over nearly 4.3 hectares in the Thu Thiem New Urban Area to Dai Quang Minh Company as payment for the BT contract to build Ba Son Bridge. Novaland aims to record more than VND 516.800 trillion in revenue from key projects by 2030, while its total outstanding debt is stated at VND 61.900 trillion.
The industrial property segment is adding new supply as Dong Nai leases more than 438 hectares to Ninh Phong Investment Development Joint Stock Company to develop and operate infrastructure for Dong Nai Industrial Park in Tan Khai Ward. In Hanoi, VSIP plans to develop the second phase of Phu Dong Industrial Park, covering nearly 100 hectares and expected to begin operations in the third quarter of 2029. In the housing and resort segment, coastal apartments in Da Nang are expected to benefit from rising tourist and expert demand, including Sun Saphia Residence. More than one hundred Sun Home apartments in Da Nang are also scheduled to launch at nearly VND 6.4 million per square meter for residents subject to relocation. Design trends are placing greater emphasis on flexible, naturally ventilated living spaces and health care, as seen in homes for two families, split-level houses for three generations, pitched-roof homes designed to reduce the need for air conditioning, and Maison Privée’s wellness philosophy. In addition, One Era has introduced 357 multifunctional low-rise products, while Starlake The Prime K8CT1 has extended its second payment deadline by five months.