A notable trend is the shift toward satellite regions. With land scarcity and soaring prices in Ho Chi Minh City and Hanoi, investors are eyeing provinces like Hung Yen, Bac Ninh, and Hai Phong, which are benefiting from improved technical infrastructure and transport connectivity.
Over several years, Hanoi has increasingly become an attractive destination for foreign workers, with approximately 10,000 new foreign workers are granted licences to work in the city each year.
Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam's real estate market to new heights in 2025, according to industry experts.
The construction industry is estimated to expand at around 7.8- 8.2% this year, the highest rate since 2020, according to a Ministry of Construction report.
The National Assembly (NA) is scheduled to discuss a report by a supervision delegation and a draft Resolution of the legislature on the results of the thematic supervision on the implementation of policies and laws regarding the management of the real estate market and the development of social housing from 2015 to the end of 2023, within the framework of its ongoing eighth session in Hanoi on October 28.
The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi on September 23.
Japanese firms Sun Frontier and Cosmos Housing have started constructing two property projects in the beach city, sparking the recovery of the deadlocked real estate market.
Foreign investors injected more than 2.87 billion USD into the Vietnamese realty market during January-July, a year-on-year surge of 78%, according to the Ministry of Planning and Investment (MPI)’s Foreign Investment Agency.
According to a representative of the Department of Industry under the Ministry of Industry and Trade, the capacity of domestic enterprises has been improved thanks to the combined impact of the Government’s support policies.
Although apartment prices are no longer skyrocketing, this segment still records the best liquidity compared to other product segments in the real estate market.
Experts believe that positive changes in real estate laws and the policies of the Government will increasingly attract many foreign investors, helping to orient the market to develop in a more healthy manner.
The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report into the housing market in the capital released on July 11.
Although apartment prices are no longer skyrocketing, this segment still records the best liquidity compared to other product segments in the real estate market.
The real estate sector has been bustling with a series of positive signs, as some resort projects are reactivated, industrial ones implemented, and new housing supply entering the market.
The outstanding bonds of real estate enterprises totalled 350.88 trillion VND (13.79 billion USD) as of the end of March, according to a recent report of the Ministry of Finance (MoF).
The Land Law 2024, which creates a smooth legal corridor for overseas Vietnamese (OV) to invest in housing in Vietnam, is expected to help Vietnam attract billions of dollars of remittances each year, contributing to promoting the growth of the real estate sector, according to insiders.
The real estate market in southern provinces and cities in the first months of 2024 grew, with land, low-cost housing and apartments seeing higher demand.
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
The real estate market has witnessed positive developments, with a slew of projects, including billion-dollar projects, being announced and called for investment in the first quarter of 2024.
The Land Law (revised) passed in January by the National Assembly (NA) is a huge step forward that demonstrates the attention of the Party, the State, the Government, and the NA in protecting the rights of overseas Vietnamese (OVs) and Vietnamese citizens residing abroad, according to Dr. Phan Bich Thien, member of the Central Committee of the Vietnam Fatherland Front and Chairwoman of the Vietnamese Women's Association in Hungary.
