In speculative markets, inflated prices are sometimes adopted into official price tables, inadvertently legitimizing “artificial prices”.

More international arrivals and long-stay tourists are reviving key hospitality markets like Phu Quoc, Da Nang, and Nha Trang.

Experts warn speculative values are being legitimized in land tables, pushing housing out of reach.

The HCMC Real Estate Association (HoREA) says the removal of the proposed amendment to Point d, Clause 2, Article 257 regarding additional land-use fees is expected to cause many projects to continue to face difficulties.

If the state sets land prices, this would create a clearer pricing framework to calculate fees in land recovery and financial obligations, and to control speculation, especially given the current lack of market data transparency.

"If land is considered an economic resource of the state, and the state is a player in the real estate market, land prices will only rise, and the economy cannot develop."

As Vietnam revamps land, housing, and real estate laws, experts emphasize legal transparency, fair compensation, and consistent regulation to guide a thriving property market.

Foreigners generally buy real estate for actual use, while Vietnamese often buy for speculation expecting to make huge profits when prices increase, experts have said.

The real estate market has been stabilizing since mid-April, with forecasts indicating a strong increase in supply and robust recovery by year-end.

The finance ministry withdraws controversial proposal, keeping the current 2% tax rate.

Vietnam’s 2024 Land Law signals reform, but land pricing remains complex. A fair price must balance development goals, compensation, and fiscal integrity.

Enterprises must not exploit the current supply shortage to inflate prices, create artificial values, or circulate unverified information to incite speculation and profiteering, which could destabilise the market. ​

A proposed property tax law aims to stop idle land hoarding by making owners pay if land remains unused.

Discover how Haus Da Lat is setting a new global standard for residential excellence in Vietnam’s booming real estate market.