The Ministry of Construction said that in the third quarter of 2025, about 154 investment projects for individual housing and newly implemented land plots will be concentrated mainly in the provinces on the outskirts of Hanoi, Ho Chi Minh City and some Central regions. The total number of land transactions reached 10,241 successful transactions, down about 6.8% compared to the second quarter of 2025.
The Ministry of Construction assessed that the land market is still in the adjustment phase after a period of rapid increase in 2021-2023. Although investment demand has decreased, land prices do not tend to cool down due to the scarcity of clear legal supply and high infrastructure investment costs.
In Hanoi, land prices in areas with completed infrastructure and near the center continue to remain high, fluctuating between 90-200 million VND/m2, depending on location.
Areas such as Cau Giay, Nam Tu Liem, Ha Dong and Hoang Mai still recorded prices increasing by 2-4% compared to the previous quarter. In suburban districts such as Dong Anh, Hoai Duc and Gia Lam, land prices are generally from 50-70 million VND/m2, almost unchanged compared to the second quarter.
In Ho Chi Minh City, land prices in suburban districts such as Cu Chi, Binh Chanh, Nha Be and Hoc Mon remain at 35-60 million VND/m2; in central areas or areas with large traffic infrastructure planning such as Thu Duc, Ring Road 3, the selling price reached 70-100 million VND/m2. Compared to the second quarter, prices increased slightly by about 1-2%, but trading volume decreased due to the mentality of waiting for policy adjustments and new price levels.
In other localities, land prices in Da Nang range from 40-75 million VND/m2, an average increase of 3%; Hai Phong is about 30-45 million VND/m2; Can Tho is from 25-35 million VND/m2.
Some areas with new industrial park planning such as Bac Ninh, Quang Ninh, Binh Duong, Dong Nai also recorded a 2-5% increase in offering prices compared to the second quarter, mainly in areas around the main traffic axis or with key infrastructure projects.
The Ministry of Construction stated that land prices are still high compared to the actual value and purchasing power of the market, while liquidity has not shown clear signs of recovery.
Some secondary investors are tending to reduce profit expectations and shift to other investment channels such as apartments or social housing - segments strongly supported by the Government in the period of 2025-2026.
In this situation, the Ministry of Construction recommends that localities strengthen control of illegal subdivision and sale of land and closely monitor the selling price on the secondary market to avoid speculation and price increases.
At the same time, the Ministry coordinates with relevant ministries and branches to continue implementing the Prime Minister's direction in Official Dispatch 190/CD-TTg dated October 7, 2025 on stabilizing housing and real estate prices, strictly controlling land supply and real estate credit.
The Ministry is also completing a national database system on land prices and real estate transactions, aiming to publicize and make market information transparent, helping people and businesses access accurate data, reducing price inflation.
In general, the land market in the third quarter of 2025 stagnated in trading but still maintained a high price level, reflecting the period of "holding prices - waiting for policies" of investors. The development in the fourth quarter of 2025 will depend largely on the progress of the Government's new policies on credit, land and housing development.
