Chua Boc Street, the busy fashion center of Hanoi, currently has extremely high house prices reaching more than VND1.2 billion per sqm.

Low-cost housing priced around $40,000 sparks a wave of early morning queues and umbrella-covered crowds in the capital.

Amid the dazzling lights of the urban area, one apartment has remained unlit for three years. Behind it lies a hidden corner of the luxury apartment segment that has been in “hibernation” for years.

Vietnam’s property sector reveals two realities - some firms reap billions, while others borrow from family to stay afloat.

Housing and land prices in many areas do not accurately reflect real supply and demand, but are instead influenced by speculation, non-transparent planning information, administrative boundary adjustments, and a herd mentality.

People will be able to provide and verify land and house ownership information on the VNeID app without having to submit certificate copies.

Five housing projects in Da Nang are now eligible to mobilize nearly $900 million through capital contribution and investment partnerships.

Last week's real estate highlights included questions about the flow of bond money from Novaland; emergence of a new luxury residential zone in HCMC; and a series of apartments priced VND18-30 million per sqm in Hanoi.

As new supply is scarce and prices of private houses in HCMC remain high, with some ultra‑luxury villas listed at nearly VND1 billion per sqm, investors are flocking to coastal projects.

Rising input costs, especially land-use fees, and prolonged procedures have discouraged businesses from developing affordable housing, said Nguyen Xuan Binh, Deputy General Director of Cienco 5 Land.

Proposals to tax based on property ownership duration have been dropped in favor of the current 2% flat-rate system.

Real estate prices are rising but do not reflect true value, remaining high compared to the average income of most people, the Ministry of Construction (MOC) has said.

A nationwide pilot program will simplify real estate and land-use transactions by consolidating all procedures into unified provincial centers.

Vietnam is attracting high-net-worth individuals investing in luxury properties and elite living.

The HCM City Investment and Trade Promotion Centre and Vietnam International Arbitration Centre organised a conference on “Real Estate Transactions in a Volatile Market and Legal Context” on August 28.

Authorities have listed nearly 50 projects in Ho Chi Minh City where foreign individuals and organizations can legally buy homes.

As many as 169 land plots to be used for commercial housing development on a trial basis, as agreed to by involved parties under the National Assembly’s Resolution 171, have failed to meet the prescribed criteria.

Vietnam’s property market is showing strong signs of recovery despite wider economic challenges, with sector-wide net profit surging nearly 130% year-on-year in the second quarter of 2025.

The Ministry of Construction (MOC) is finalizing and upgrading the housing and real estate market information system to ensure that 100 percent of the data is "accurate, complete, clean, and live”.