24h Real estate: Purchasing volume decreases but apartment prices continue to increase

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The reason for the decrease in purchases but the price of apartments is still increasing; Hanoi strives to hand over 10 hectares of clean land in October 2025... is notable news.

Hanoi strives to hand over 10 hectares of clean land in October 2025

The People's Committee of Thuong Cat Ward strives to clear 10 hectares of the Hanoi Biotechnology High-Tech Park Project to hand over in October 2025.

UBND phuong Thuong Cat thuc hien cuong che kiem dem bat buoc doi voi khoang 36 ho dan trong sang 8.9.2025. Anh: Thanh Nhan
The People's Committee of Thuong Cat Ward enforced a compulsory inventory of about 36 households on the morning of September 8, 2025. Photo: Thanh Nhan

According to the reporter of Lao Dong Newspaper on September 8, the site clearance unit of Thuong Cat Ward (Hanoi City) is continuing to carry out procedures to clear the site at the Hanoi High-Tech Biosphere Project.

Mr. Nguyen Van Be (71 years old) - a household affected by the Hanoi Biotechnology High-Tech Park Project - shared: "My family has more than 1,600m2 of agricultural land in the project planning. Currently, the site clearance unit has measured the land area and inventoried assets on the land.

My most urgent wish is that the competent authorities will soon clearly announce the compensation and support plan for livelihood conversion. At this age, we no longer have the ability to learn a new job or work as workers, so we really need a specific support plan to stabilize our lives after our land is reclaimed". See more...

Explaining why apartment prices are still increasing despite declining purchases

Successful transaction volumes have decreased, but real estate prices, especially commercial apartments, are still increasing, making it more difficult for many people to access real housing.

Gia nha chung cu phan khuc trung va cao cap tai cac do thi lon lien tuc tang do nhu cau mua thuc khong cao. Anh: Nguyen Tung
The price of mid-range and high-end apartments in large cities has continuously increased due to low real demand. Photo: Nguyen Tung

Analyzing this issue, Mr. Le Hoang Chau - Chairman of the Ho Chi Minh City Real Estate Association - said that for apartment buildings, land costs account for about 15%, construction costs account for about 50% of the cost. In addition, there are interest expenses, administrative procedures, and project legal procedures.

"First of all, the land price list announced by the State has increased compared to before, causing land prices to increase, leading to increased land use fees and land rents. In addition, the prices of construction materials such as steel, sand, and bricks have all recorded an increase. This has forced investors to recalculate the output product price" - Mr. Le Hoang Chau commented. See more...

Rushing to implement an urban area project worth nearly 20,000 billion VND in Bac Ninh

According to the latest report of the People's Committee of Tien Du commune (Bac Ninh), the investment project to build a new urban area, tourism, ecology, culture, resorts, entertainment in Tien Du commune (sub-zone 112.1), up to now, the unit has issued 2,740 notices of land recovery to households with reclaimed land projects.

Xa Tien Du (Bac Ninh) - noi trien khai du an khu do thi gan 20.000 ti dong. Anh: Cong TTDT huyen Tien Du (cu)
Tien Du commune (Bac Ninh) - where the urban area project of nearly 20,000 billion VND is implemented. Photo: Tien Du District Portal (old)

Previously, on August 30, the People's Committee of Tien Du commune coordinated with the investor and Tam Tao village to organize a meeting with 41 households whose land was recovered (in the area expected to start construction). However, the households did not agree to receive the money to hand over the land early.

Regarding the above project, Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan also assigned the Department of Construction to preside over and coordinate with the investor and locality to focus on urging the appraisal of the basic design report, to be completed before September 20, 2025.

Regarding the problem in site clearance, Chairman of the People's Committee of Bac Ninh province Vuong Quoc Tuan also requested relevant departments and branches to quickly coordinate and resolve the issue. See more...

Many procedures for red books implemented by the provincial level have been amended from August 25, 2025

Decision 3380/QD-BNNMT (effective from August 25, 2025) stipulates 10 procedures for red books implemented by the provincial level. Video: Nhu Ha - Trang Anh
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