Adjustments to land prices in Ho Chi Minh City have caused annual land rental costs to rise significantly, with increases exceeding 50% in some categories.

The government has requested the strengthening of management and use of public assets to ensure compliance with standards, norms and tasks.

Prime Minister Pham Minh Chinh has directed a comprehensive crackdown on property speculation and price manipulation to stabilize Vietnam’s real estate market.

The Ministry of Construction (MOC) says the real estate market has witnessed positive changes and overcome its toughest period, and that social housing development will see a breakthrough in the time to come.

The Ministry of Finance (MOF) continues to research and identify problems and inadequacies in the implementation of tax policies related to real estate.

In 2023, land auctions encountered difficulties and many localities had to stop auctions because of the lack of participants, while in 2024, many auctions were organized where unexpected events occurred.

Business leaders have raised concerns over disparities in Vietnam’s land pricing policies, particularly the unequal treatment of commercial-service land compared to residential land under the 2024 Land Law.

Some companies are awarding Tet bonuses of up to hundreds of millions dong, and even promising some employees cars, while others aim to give a 13th-month salary.

Land prices in Da Nang have increased by 20 percent since the beginning of the year, especially in the last few months.

The Vietnam Association of Realtors has identified Hanoi, Da Nang, and Ho Chi Minh City as the top three cities with the steepest apartment price hikes in 2024.

Vietnam’s real estate market has been showing signs of recovery despite current challenges faced by the sector this year, according to the Vietnam Real Estate Association (VNREA).

Vietnam’s housing market faces mounting pressure as prices rise to 60 years of an average worker’s income, double the recommended limit by the IMF.

Land prices in Da Nang have surged by 20% this year, with rapid increases causing canceled deals and market disruptions.

Taxing personal income from real estate transfers based on ownership duration in order to prevent speculation is a necessity. However, there are concerns that incorporating taxes into selling prices may lead to property price escalations.

The growing gap between real estate prices and income highlights a housing affordability crisis, particularly for upper-middle-income earners in urban Vietnam.

In just nine months of 2024, the city's office leasing market reached 96,400 sq.m of Net Lettable Area (NLA), aiming for the highest net absorption in more than a decade.

The Vietnamese real estate market is signalling the end of a prolonged downturn, with notable signs of recovery in profitability. However the pace of revival remains measured, due to sluggish sales and limited improvements in consumer incomes.

Vietnam's real estate sector recorded the establishment of 4,241 new companies in the first 11 months of this year, marking a 2.6% annual dip, reported the General Statistics Office (GSO).

Vietnam’s real estate market has outpaced global trends, but millennials now need 25.8 years of income to afford a modest apartment, raising questions about long-term affordability.