real estate

Empire City Joint Venture Company Limited, developer of the Thu Thiem Observation Tower complex in Ho Chi Minh City, has petitioned the city government over a proposed additional land use fee of VND 8,819 billion (US$339 million), Tuoi Tre has reported.

A report from SHS Securities shows Vietnam’s housing affordability has reached one of the worst levels globally, with the price-to-income (P/I) ratio standing at 27.3 by mid-2025, Nguoi Quan Sat has reported.

Vietnam’s outstanding property credit reached VND 4,100 trillion or US$155.2 billion by end-July 2025, up 17 percent from end-2024 and accounting for 23.68 percent of total debt, according to central bank data, and reported by The Investor.

Lotte Properties HCMC, a subsidiary of South Korea’s Lotte Group, has moved to terminate its long-delayed Thu Thiem Eco Smart City project in Ho Chi Minh City, VN Express has reported. The city’s Department of Finance confirmed it received a request from the developer on 20 August to end the investment contract, but said the company has yet to complete the legal procedures required.

Inventories of listed Vietnamese developers, including Novaland, Vinhomes, Vingroup, Khang Dien and Kinh Bac, reached a record high of VND 531,000 billion or US$20.42 billion in the second quarter, up 11 percent year-to-date, according to VnExpress. Analysts interviewed view the build-up as a sign of market recovery rather than distress, with most holdings tied to land banks and projects under construction.

Vietnam’s Ministry of Agriculture and Environment has proposed amending the Land Law to remove market-based principles in land price determination, giving the State full authority to set prices, Tap Chi Tai Chinh has reported. This comes barely a year after a new Law on Land took effect which scrapped the centrally set five-year price list and allowed local governments to set annual base prices.

Vietnam’s Ministry of Construction reports that apartment prices continued to increase in the second quarter of 2025, though growth has moderated, Tuoi Tre has reported.

Vietnam’s residential real estate market is forecast to grow from US$33.19 billion in 2025 to US$57.08 billion by 2030, according to a report by Mordor Intelligence.

Ho Chi Minh City is facing a major housing shortage, having achieved only 24 percent of its 2021–2025 housing development target, according to a Q2 market report from Savills Vietnam, The Investor has reported.

Kinh Bac City Corporation (KBC), the firm developing the well publicised Trump-branded resort in northern Vietnam, has raised more than VND 4,100 billion (about US$157.7 million) through the sale of 174.1 million shares to nine professional investors on June 25, VN Express has reported.

Malaysian construction group Gamuda Bhd reported a sharp rise in Vietnam project sales, Bloomberg has reported. Sales were up 165 percent year-on-year over nine months.