Housing prices increase rapidly and concerns about price bubbles
The purchasing power of real-demand housing is challenged because the gap between income and housing prices is increasingly widening.
Since the beginning of the year, apartment prices in Hanoi and Ho Chi Minh City have continued to escalate in the primary and transfer markets, increasing pressure on the ability to pay of real buyers.
According to a newly published market report, real estate consulting firm CBRE said that new apartment projects over 100 million VND/m2 are appearing more and more in two large cities. In Hanoi, the total supply of newly opened for sale reached more than 10,300 units, of which 20% of units were priced at over VND120 million/m2 (excluding VAT and maintenance fees).
This is the quarter that recorded a record high in the number of openings with prices above hundreds of millions of VND/m2. High-priced projects have continuously launched, attracting the primary offering price to increase by an average of 16% quarterly and 41% over the same period last year.
Similarly in Ho Chi Minh City, about 2,550 new apartments will open for sale in the third quarter of 2025 but are mainly in the high-end segment, with common prices of 60-120 million VND/m2. See more...
Bac Ninh appraises urban area project worth over VND4,600 billion
The People's Committee of Bac Ninh province has just issued an official dispatch on the appraisal of the investment policy of the Khuc Xuyen New Urban Area project.
The official dispatch sent to the Ministries of Finance, Agriculture and Environment; Construction; Industry and Trade; Culture, Sports and Tourism; Home Affairs; Health; Education and Training said that the People's Committee of Bac Ninh province is currently organizing the appraisal and approval of the investment policy for the Khuc Xuyen New Urban Area project.
Project implementation location: Kinh Bac Ward and Vo Cuong Ward, Bac Ninh Province.
Project scale: Invest in the construction of the New Urban Area project with a scale of 26.831 hectares including technical infrastructure works, social infrastructure, low-rise commercial housing works, high-rise housing mixed commercial services.
Construction works are sold, leased, or leased in accordance with the provisions of law.
Estimated total investment capital: VND 4,603,142,000,000. The project's operation period: 50 years from the date of land allocation by the state, land lease decision, land use purpose change decision. See more...
Rice land compensation prices increase after a new land price list from 2026
New apartment prices increase sharply, causing the entire market to increase, some projects increase by 5% in 1 week
The sharp increase in primary apartment prices has caused the whole market to increase, many projects have increased from a few hundred million to billions of VND in a short period of time.
The real estate market has recently recorded signs of improvement as supply has gradually improved, along with that, social housing has also added a significant amount of products. However, housing prices continue to increase, especially in the apartment segment - where primary prices continue to be pushed up, leading to price increases in many other segments.
Mr. Le Dinh Chung - General Director of SGO Homes said that newly opened projects have higher prices than the same period but are still well absorbed, even "selling" on the first day of opening, thanks to increased demand for real estate and investment in the context of "cheap" cash flow and inflationary pressure boosting demand for "hiding" assets.
In the third quarter, the whole market recorded about 34,000 successful transactions, raising the absorption rate to 66%, up 12 percentage points compared to the previous quarter thanks to released inventories. See more..
