Townhouses in Ho Chi Minh City are still deserted despite reduced prices
Reporters' records show that many streets in central areas of Ho Chi Minh City such as Cach Mang Thang Tam, Dien Bien Phu, Nguyen Trai, Phan Xich Long... are increasingly appearing with "for rent" signs, keeping phone numbers on the glass and walls of the house.
Mr. Doan Quoc Viet, residing in District 3, Ho Chi Minh City, said that his family has a townhouse on Nguyen Van Troi Street, Phu Nhuan District that used to have a good rental yield with a space of about 130 m2, and had a rental price of 90 million VND per month. However, since mid-2024, his tenant, a business in the fashion industry, has not extended his contract because he switched to an online business model to reduce costs.
Since then, although many brokerage firms have been approved and have also offered reduced prices to find customers, there are still no tenants. He added that not far from his house, there are also three adjacent premises for rent since the beginning of the year, and there are currently no tenants. See more...
Apartments heat up again, land shows signs of slowing down
According to online data from Batdongsan.com.vn in May 2025, apartments continue to be the most popular type of real estate in the Hanoi and Ho Chi Minh City markets.
Notably, Hanoi apartments are the only type to record the number of people interested in jumping back in May, an increase of 9% compared to the previous April. S segments such as land, private houses, townhouses, villas have the opposite trend when the number of people interested has decreased by 15%, 8%, 8% and 4%, respectively.
Land occupies the entire Northern market (outside of Hanoi). However, in May, the level of interest in land unexpectedly decreased by 5% compared to April. While apartments increased by 19%, private houses and villas both increased by 9%.
In May, the interest in apartments in Hanoi and the Northern provinces recorded a sharp increase, respectively 9% and 19, compared to the previous month. This is a signal that the psychology of buyers is returning to the market, especially in the provinces bordering Hanoi - where prices are still attractive and new supply is expanding. See more...
Nam Dinh establishes 2 more industrial clusters, total capital of more than 1,500 billion VND
On June 17, the People's Committee of Nam Dinh province issued decisions on the establishment of 2 industrial clusters (ICs), with a total investment of more than 1,500 billion VND.
According to the decisions, Truc Tuan Industrial Park has an area of about 67 hectares in Truc Tuan commune, Truc Ninh district, Nam Dinh province.
The investor in the construction of technical infrastructure is HTQ Construction Investment Joint Stock Company; the total investment capital is more than 820 billion VND.
The progress of the technical infrastructure construction investment project is expected to start in the second quarter of 2026 and come into operation after 24 months from the date of start, with an operation period of 50 years.
The main occupations include: encouraging the development of supporting industries; high-tech industries; electrical and electronic auxiliary industries; sewing and footwear auxiliary industries (excluding the process of painting and processing inks); handicrafts; cosmetics and cleaning chemicals; metal production; plastic products manufacturing; other processing and manufacturing industries... See more...
Land fever after the merger information cools down, many places simultaneously reduce prices
The information of the province's merger has created a big boost for the real estate market, especially the land segment in the first months of 2025. This heat has helped land surpass apartments, becoming the most popular type on the market in previous quarters.
According to data from Batdongsan.com.vn, as of March 2025, the number of searches for land plots increased sharply in many provinces and cities after the merger. Compared to February 2025, interest in land in Hanoi increased by 52%, Ho Chi Minh City increased by 31%, Hung Yen increased by 36%, Thai Binh increased by 75%, Binh Duong increased by 49%, Ba Ria - Vung Tau increased by 42%, Quang Binh increased by 45% and Quang Tri increased by 8%...
However, the land fever only lasted for a short time, and the market has quickly cooled down.
An actual survey by Batdongsan.com.vn shows that land is stagnant widely. In Van Giang (Hung Yen), the asking price of plots of land in the roundabout area still fluctuates from 125-150 million VND/m2, but some plots have decreased slightly compared to April 2025. Many areas such as Phung Cong, Xuan Cao, and Jiuzhaigou maintain common prices of 40-55 million VND/m2, but transactions are quite quiet. Some landowners in need of money have reduced the price to 1-2 million VND/m2 but still have difficulty finding buyers. See more...
