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Update news real estate news
Hanoi has broken ground on one of its largest social housing projects, a development expected to provide about 4,700 affordable homes as the city works toward its long-term housing targets.
It is expected that Vietnam’s housing system will be divided into four categories: commercial housing, rental housing, official residences, and policy housing.
The trend of naming projects in foreign languages is becoming increasingly prevalent in the real estate market. For many residents, however, these names have led to awkward and sometimes amusing situations.
Rental housing is now a strategic pillar and a central component of national housing policy.
One of the biggest barriers to the rental housing market is Vietnamese people's strong preference for homeownership. Many still view renting as a sign of instability or a lack of financial success.
Vietnam is preparing a new wave of incentives aimed at accelerating the development of long-term rental housing, as policymakers seek to address affordability challenges and rebalance the housing market.
The International Finance Corporation (IFC) highlighted HCM City's dominance in green-certified building floor space in Vietnam.
With only a few weeks remaining before new land pricing regulations come into force, many localities and valuation firms are still struggling to determine land prices that accurately reflect market conditions.
Demand for rental housing is rising rapidly, yet the market still lacks professionally developed rental projects.
Many shophouses in HCMC have remained vacant for extended periods despite landlords repeatedly lowering rental rates. High selling prices coupled with weak leasing performance are putting significant pressure on many investors.
Vietnam is accelerating efforts to revive stalled property projects as part of a broader strategy to boost growth and stabilize housing prices.
International experience proves the State cannot single-handedly fund and run rental housing. Expanding large-scale rental housing in Hanoi requires a robust public-private partnership framework to prevent decay and ensure long-term stability.
Hanoi is considering an unprecedented move in the real estate market by restricting commercial (market-rate) housing in multi-purpose urban areas from being transferred for the first three years, with the goal of serving housing demand.
As Hanoi restructures its urban development strategy, new growth corridors are emerging and redefining real estate values across the capital.
One of Hanoi’s most prominent unfinished skyscrapers may soon find a new purpose as authorities move forward with plans to transfer the long-stalled Vicem tower.
Amid HCMC’s orientation to limit further high-rise apartment development in the central core, the old apartment market is heating up significantly. Many buildings put into use more than 30 years ago are still listed at up to VND80 million/m2.
The “great unblocking” of thousands of stalled real estate projects worth millions of billions of VND has begun.
HCMC’s greater openness to the Airbnb model after more than a year of tight control reflects a trend toward balancing the sharing economy with modern urban management. However, without proper management solutions, disputes will continue to arise.
Imposing progressive fees on abandoned real estate is a necessary solution to prevent speculation, avoid waste of land, place assets into use, and increase housing supply, experts have said.
Behind tightly closed corrugated iron fences are "golden" land plots abandoned for many years. Many real estate projects in Hanoi remain "frozen", though land was allocated to investors by the state a decade ago.