The Ministry of Justice has just publicly disclosed the Appraisal Dossier for the draft Law on Housing (amended). In the document submitted for appraisal, the Ministry of Construction had a Report dated September 9 on summarizing the implementation of the 2023 Housing Law.
Regarding commercial housing development, the Ministry of Construction said that the 2023 Housing Law takes effect from August 1, 2024, accordingly, it has ensured synchronization with the provisions of land law, investment, and construction for the content of commercial housing development.
Up to now, localities have assessed that there are no obstacles or difficulties in the implementation process.
However, reality shows that the development of commercial housing in the locality has a phenomenon of supply-demand mismatch between housing segments.
In addition, commercial housing transaction prices in recent years have tended to increase year by year, the increase in housing and land prices is much higher than the average income increase, making people's access to housing limited.
apartment prices in major cities such as Hanoi, Ho Chi Minh City, Da Nang... continuously increase over the years; increasing rapidly from the end of 2022 to now; from the end of 2023 and in 2024 apartment prices in urban areas increased very rapidly with an increase of about 30 - 50%, with some projects and areas increasing higher. In the last months of 2025, common house prices will no longer increase rapidly but will still remain at a high level.
Prices of townhouses and villas in real estate projects tend to increase steadily over the years from 10 - 15%; in 2023 and 2024, the price increase rate is faster than in the period of 2021 - 2022; in some projects, areas and especially large cities, houses in Hanoi, Ho Chi Minh City, Da Nang... have higher price increase rates.
Currently, the price of townhouses and villas in projects in some urban areas is very high.
