HCM City authorities are considering a ban on land subdivisions for sale in five outlying districts in an effort to combat land speculation amid rising urbansation in these areas.

After three months of collecting and analyzing opinions, the HCM City People’s Committee has officially released a new land price framework. The sharpest land price increase is 25 percent.

Under the adjusted land price framework, expected to be applied in HCM City from now to the end of 2025, the prices of agricultural land in some areas could increase by 35 times.

Real estate revenue in Ho Chi Minh City reached 173 trillion VND (over 7 billion USD) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.

Real estate revenue in HCM City reached VNĐ173 trillion (US$7 billion) in the first eight months of the year, up 6.1 per cent year-on-year, according to the HCM City Statistics Office.

In response to evolving real estate dynamics, Ho Chi Minh City is poised to adjust its land pricing framework.

With its prime location and loyal customer base, the closure of Starbucks Reserve Han Thuyen in Ho Chi Minh City has sparked questions about the role of high rent and other possible reasons behind the move.

Currently, local authorities are applying the land price framework adjusted according to the 2024 Land Law, the Department of Natural Resources and the Environment said.

From 2015 to 2023, Ho Chi Minh City's real estate market experienced significant growth, with luxury apartments and land plots seeing the highest price increases.

At least 18,000 resettlement apartments in Hanoi and HCMC are unoccupied, leading to annual maintenance costs of hundreds of billions of Vietnamese dong, according to the Vietnam Association of Realtors (VARS).

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.

Luxury brands are looking for high-quality retail space in District 1 - the downtown area of Ho Chi Minh City, according to Savills Vietnam.

The HCM City condominium market is stirring again after a long stupor, experts have said.

Rental prices for townhouses in downtown HCM City continue to slide due to slowing economic growth so far this year, experts said.

Although luxury brands are still coming to Vietnam, the expensive facades of the central streets of Ho Chi Minh City have been empty at an unprecedented level over the past three years, and the omichannel method is now being favoured.

Thousands of apartments in Ho Chi Minh City under state management have been left deserted for years. After many years, these apartments deteriorated, wasting thousands of billions of Vietnamese dong.

A flight to quality will remain a key theme in the HCM City office market in 2023 as both foreign and domestic companies are setting ambitious net-zero targets to comply with environmental, social and corporate governance (ESG) regulations.

Collecting information about land prices from successful transactions provides the basis for determining land prices in HCM City. However, the method has not been reliable.

Ho Chi Minh City is determined to remove bottlenecks for the development of the real estate market.