Apartment prices are far exceeding the actual income of Da Nang people
After working for 5 years, Ms. Hoang Thi Thuan - a marketing employee in Da Nang - received a salary of 12 million VND/month. This salary of her is considered stable but is only enough to cover rent, accommodation and daily living expenses.
"For those who work, with a monthly salary of 10-15 million VND/month and no support from their families, having an apartment in Da Nang is a distant dream" - Ms. Thuan said.
Similarly, Mr. Nguyen Van Duc (born in 1992) - an IT employee in Da Nang - said that with a monthly salary ranging from 12-15 million VND/month, the continuous increase in apartment prices in the city has narrowed the opportunity for young people to own a house.
According to information from the Vietnam Association of Realtors (VARS), over the years, housing prices in large cities such as Hanoi, Ho Chi Minh City and Da Nang have continuously escalated, establishing new levels, while people's income has increased much more slowly.
Notably, this widening gap makes owning an apartment a big challenge, even for high-income workers.
Research data from the Vietnam Institute for Real Estate Market Research (VARS IRE) shows that in the second quarter of 2025, the apartment price index in Hanoi, Da Nang and Ho Chi Minh City increased by 87.7%, 69.8% and 48.3% respectively compared to 2019. See more...
There is an additional 177 billion VND social housing project, 102 apartments in Bac Ninh
The People's Committee of Bac Ninh province has just issued a decision on assigning Huong Thinh Joint Stock Company as the investor to implement the Investment Project to build a Social Housing Area on a 20% land fund of the Housing Area auctioned for land use rights to create capital for infrastructure construction in Lim town, Tien Du district (now Tien Du commune, Bac Ninh province).
Huong Thinh Joint Stock Company is located at: Vo Cuong Industrial Park, Vo Cuong Ward, Bac Ninh Province.
The project has a population of about 410 people. Expected land area: About 3,124.2 m2.
Social housing project has about 102 apartments. Social infrastructure works: Green parks, sports facilities..., Synchronous technical infrastructure according to regulations.
Estimated total investment capital (excluding expected land acquisition costs): About 177,317,000,000 VND.
The project's operation period: 50 years (from the date the competent authority decides to allocate land and lease land; the land allocation and lease period is according to the provisions of the law on land). See more...
How to register for a red book online, ship the results to your home
441 more social housing units in Hai Phong are eligible for business
Hai Phong - Hai Phong Department of Construction announced that 441 social housing units formed in the future are eligible for business in Hoang Huy Green River New Urban Area.
On September 15, the Department of Construction of Hai Phong City said: Pursuant to the provisions of the Housing Law 2023, the Law on Real Estate Business 2023 and relevant guiding documents, based on the proposal of Hoang Huy Financial Services Investment Joint Stock Company (Project Investor), the Department of Construction of Hai Phong announced that 441 social housing apartments (NOXH) formed in the future under the Hoang Huy Green River New Urban Area Project are eligible to be put into business according to regulations.
Project location: in Thuy Nguyen Ward (formerly Hoa Dong Commune, Thuy Nguyen District), Hai Phong City.
According to the Hai Phong Department of Construction, 441 social housing apartments (excluding 7 community apartments) formed in the future in this project have met the legal conditions to be traded (sold, rented) according to regulations. See more...
