Da Nang starts construction of a social housing project worth over VND2,100 billion
Da Nang has just held a groundbreaking ceremony for the Ecohome Hoa Hiep social housing project in the Hoa Hiep 4 resettlement area, with a total capital of more than VND2,125 billion, with a scale of 1,851 apartments.
On August 28, Da Nang held a groundbreaking ceremony for social housing at land plots B4-1, B4-2 (Ecohome Hoa Hiep Project) in the Hoa Hiep 4 resettlement land plot in Da Nang City invested by Thu Do Investment and Trading Joint Stock Company - Capital House Group.
The project will start construction in the third quarter of 2025 and is expected to be completed in the third quarter of 2029 with a total area of about 4.2 hectares. The scale of the project includes 3 buildings with 1,851 apartments, including 1,476 social housing apartments and 375 commercial apartments, with a total investment of VND2,125 billion.
The Ecohome Hoa Hiep project will integrate many internal utilities such as: shopping mall, swimming pool, roof garden, landscape garden, parking lot/ basement, kindergarten. In addition, the project also has the advantage of outdoor amenities when it is only 3km from Lien Chieu port, 1.5km of free trade zone, about 800m of primary and secondary school system and about 2km of Nam O and Hoa Khanh markets. See more...
Hanoi boarding house prices during the school year suddenly increase
Many universities have announced their admission results and according to practice, at this time the boarding house market in Hanoi has become bustling, rental prices have increased due to the large number of students coming to study.
Ms. Hoang Thi Thu Thuy (47 years old, Hai Duong) took her daughter to Hanoi to study and took the opportunity to find a room in Cau Giay ward to facilitate her studies and activities. However, after 3 days of searching, she still could not find a suitable place to live.
"The price of rooms in this area is currently quite high. The single rooms costing about 1.5 million VND are small, stuffy and have to share the toilet with 3 other rooms. As for spacious rooms with full amenities, they are beyond my ability to pay, forcing my child to consider living in a group of 2-3 people. Not to mention the cost of electricity, water and other services is also a big burden" - Ms. Thuy shared.
According to a survey by Batdongsan.com.vn, unlike the scenario of being vibrant and increasing prices every year, the Hanoi rental market is currently bustling but rental prices are still flat. See more...
The segment of townhouses in Ho Chi Minh City is sluggish due to expensive prices
The current price level of the townhouse segment is gradually overcoming the absorption capacity of the market, so consumption is very weak.
Townhouses are a segment that was sought after in the past by investors for its rental efficiency. However, at present, with the situation of high real estate prices, not only does real buyers feel afraid but investors are also gradually withdrawing.
Talking with some investors, it is known that previously spending 10 billion VND to invest in buying a house in a townhouse for rent will earn a fairly stable cash flow. However, this segment has now increased to 30-50 billion VND per unit, while the rental price has remained almost unchanged. Even now, renting premises for business is in a downward trend, causing very low profitability.
CBRE statistics show that currently, the average primary selling price of townhouses in Ho Chi Minh City is about 300 million VND/m2, while the transaction price on the secondary market (buy and resell) is about 160 million VND/m2. With this price, a 100 m2 townhouse usually costs from 30 billion VND, while a small 50 m2 house also has the lowest price of 15 billion VND. Even when buying on the secondary market, buyers need to prepare a minimum financial source of 8-16 billion VND. See more...
Unexpected forecast for the land market at the end of 2025
