Maintain the momentum of real estate market recovery

Phuoc Long social housing project, Nha Trang invested and built by Housing and Urban Development Corporation (HUD).

Supply and transactions in all segments increased, showing renewed interest from investors and real buyers.

According to State Bank of Vietnam , in the first quarter of 2025, real estate credit has had positive changes. As of February 28, 2025, outstanding credit for real estate business activities reached VND 1,488,332 billion, an increase of about 25% over the same period and an increase of about 2% compared to the fourth quarter of 2024 (VND 1,460,914 billion).

Many positive signals

Synthesizing the housing development situation in localities shows that in the first quarter of 2025, the number of completed commercial housing projects was 14 with a scale of about 3,813 units, an increase of 40%; newly licensed: 26 projects with a scale of about 15,780 units, an increase of 36%; eligible to sell future housing: 59 projects with a scale of about 19,760 units, an increase of 55.2% over the same period. Meanwhile, the whole country has had 19 social housing projects for low-income people and industrial park workers with a scale of 16,805 units completed and granted construction permits. Specifically, 11 projects with a scale of 4,155 units have been completed; 8 projects with a scale of 12,650 units have been licensed and started construction.

Implement the Project "Investing in building at least 1 million apartments" social housing for low-income earners and industrial park workers in the period 2021-2030", up to now, the whole country has had 657 social housing projects implemented with a scale of 597,152 units. Of which: number of completed projects: 103 projects with a scale of 66,755 units; number of projects that have started construction: 140 projects with a scale of 124,352 units; number of projects that have been approved for investment policy: 414 projects with a scale of 406,045 units.

At the same time, in the first quarter of 2025, the number of successful transactions of apartments and individual houses was 33,585, equal to 132%; the number of successful land transactions was 101,049, equal to 116.4% compared to the fourth quarter of 2024. At the same time, the number of real estate transactions in 3 types (apartments, individual houses and land) in the first quarter of 2025 tended to increase compared to the fourth quarter of 2024. The real estate inventory in projects in the first quarter of 2025 was about 23,400 units/lots (including apartments, individual houses, land), of which: 2,339 apartments; 9,376 individual houses; 11,685 land lots.

Children's playground at CT08 Social Housing Project, Me Linh Central Urban Area invested by HUD.

Deputy Director of the Department of Housing and Real Estate Market Management ( Ministry of Construction ) Vuong Duy Dung said that the amount of real estate in projects continued to decrease compared to the fourth quarter of 2024, but not evenly. The amount of real estate in the individual housing segment was about 83.5%, while the apartment and land segment was higher than in the fourth quarter of 2024.

At the same time, real estate prices in major cities generally did not fluctuate much compared to the fourth quarter of 2024. Apartment prices in major cities have slowed down and are no longer increasing as strongly as in 2024.

In Hanoi , apartment prices are generally stable, with some projects and locations increasing by about 5%; similarly, in Ho Chi Minh City, apartment prices in some projects and locations increased by about 3-4% compared to the fourth quarter of 2024.

Meanwhile, the selling price of villas and townhouses in the project continues to increase, in Hanoi, the increase is about 5-10%, from 100-200 million VND/ ^m2 ; in Ho Chi Minh City, it ranges from 90-250 million VND/ ^m2 . compared to the fourth quarter of 2024.

It is worth noting that before the information merger In provinces and cities, real estate prices and transaction volumes in some localities have fluctuated strongly, especially in localities with information about new administrative agencies, such as: Bac Giang, Phu Tho, Ninh Binh, Thai Binh, Hung Yen, Hai Phong, Dong Nai...

However, this increase in price and volume is due to speculative transactions, which pose many risks to the market, but has now slowed down. However, local management agencies warn people to be cautious with unofficial information, and at the same time deploy control measures and strengthen management of the real estate market in the area.

Continue market stabilization solutions

One of the key tasks in the past and coming time is to promote investment in building social housing and low-cost housing to overcome the imbalance between supply and demand in the real estate market. Along with that, the Government, the Ministry of Construction and related ministries, sectors and localities will focus on creating a stable legal environment, controlling and handling violations.

Most recently, Minister of Construction Tran Hong Minh issued an official dispatch requesting the Chairmen of the People's Committees of provinces and centrally-run cities to urge the implementation of social housing construction.

Accordingly, localities need to add the target of completing social housing in 2025 and the following years until 2030 assigned in Decision No. 444/QD-TTg dated February 27, 2025 to the system of local socio-economic development indicators to focus on leadership and direction; prioritize resources to resolutely complete the assigned targets.

Establish a Steering Committee for Social Housing Development to directly inspect, urge, and remove difficulties and obstacles. Urgently complete procedures to promptly select investors to implement the project, ensure effective exploitation of land funds, avoid wasting social resources; review, update and supplement planning, land use plans, and construction plans to arrange enough land funds for social housing development according to assigned targets.

Issue incentive and support mechanisms, creating favorable conditions for enterprises and cooperatives to participate in investing in building social housing; reduce and simplify administrative procedures under the authority on investing in building social housing to support and encourage enterprises to participate in building social housing...

According to the Chairman of the Ho Chi Minh City Real Estate Association, Le Hoang Chau, many businesses are currently investing in low-cost, affordable housing because social housing prices are no longer as cheap as before, as they include all costs, and even the selling price at some social housing projects is only about 15% lower than the price of commercial housing.

Besides, the demand for renting houses with full facilities at reasonable prices is very high, not only for low and middle income people, but also for engineers and employees with good income, so there should be policies to promote the development of rental housing.

According to Deputy Director of the Department of Housing and Real Estate Market Management (Ministry of Construction) Ha Quang Hung, the Ministry has just submitted to the National Assembly a draft Resolution of the National Assembly on piloting a number of specific policies and mechanisms for social housing development. In particular, the National Housing Fund will be established in accordance with the direction of General Secretary To Lam.

The National Housing Fund is a non-budgetary State financial fund established at the central and local levels, performing the function of investing in construction, creating a social housing fund, housing for officials, civil servants, public employees, and workers to rent or purchase with more incentives on investment procedures, loan interest rates as well as expanding the beneficiaries.

A series of directives from the Government, the Prime Minister, ministries and branches according to their assigned functions and tasks have been focusing on directing, urging, guiding and actively coordinating with localities. remove difficulties and obstacles for real estate projects, and at the same time implement new policies and laws. These measures will certainly help the real estate market develop more sustainably and stably in the future.

Source: https://baoquangninh.vn/giu-da-phuc-hoi-thi-truong-bat-dong-san-3360262.html