Social housing is a way out for real estate businesses; the real estate market is heating up every day.

Nam Dinh has found an investor for a project of 1,100 social housing units; Binh Dinh has three more social housing projects that meet the criteria to receive the 120,000 billion VND loan package; Ho Chi Minh City will increase incentives for businesses renovating old apartment buildings.

Social housing is a way out for real estate businesses; the real estate market is heating up every day.

Nam Dinh has found an investor for a project of 1,100 social housing units; Binh Dinh has three more social housing projects that meet the criteria to receive the 120,000 billion VND loan package; Ho Chi Minh City will increase incentives for businesses renovating old apartment buildings.

Here are the highlights of the real estate market this week.

Building social housing: A way out for real estate businesses.

In recent days, Mr. Tran Duc Vinh has been busy with meetings, design reviews, and preparing legal procedures for the development plan of social housing projects in Duc Hoa district ( Long An province).

Mr. Vinh stated that after many years of operation, the company has accumulated a large land bank with the aim of developing commercial housing projects, but has not yet been able to implement them.

With abundant land resources, real estate businesses are shifting their focus to developing social housing projects instead of commercial housing.

“We invested a large sum of money in acquiring land, but the slow pace of project development caused many difficulties for the business. The government 's plan to ‘Invest in the construction of at least 1 million social housing units for low-income earners and industrial park workers in the period 2021-2030’ opened a way out for businesses. We decided to allocate some of our existing land plots and submit applications for social housing development projects. With this proposal, we immediately received approval from the leaders of Long An province,” Mr. Vinh shared.

According to Mr. Vinh, Long An province is currently facing a serious shortage of housing projects for workers and laborers. While businesses have ample land, they face difficulties in obtaining the necessary legal permits for commercial housing projects. Therefore, developing social housing will both address the employment needs of businesses and utilize the land that has been left idle for many years, contributing to the socio-economic development of the country.

"The construction cost is about 10 million VND/m2, then there's the loan capital and land costs, so we only make a profit of 1 million VND per square meter, or about 5%," Mr. Vinh said.

Also calculating the details of the social housing development plan, Mr. Nguyen Thanh Quyen, General Director of Thang Loi Real Estate Group, said that previously, the company planned to develop a commercial housing project in Long An, but since the beginning of 2025, the Government has a new policy on supporting real estate businesses to develop social housing projects, so Thang Loi decided to change its plan from developing a commercial housing project to a social housing project.

Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association, commented that the registration of real estate businesses to participate in the development of social housing projects using their own land is the right direction, creating a way out for businesses that have a lot of land but cannot yet implement commercial housing projects.

"To acquire these land plots, most businesses have to borrow from banks, incurring significant interest costs, while the land remains idle, leading to waste. If calculated for commercial housing, the profit margin would be around 20%, but the legal waiting time is quite long. Converting to social housing, however, yields a profit margin of around 10%, but the legal process is faster, allowing businesses to recover capital and settle loan debts sooner," Mr. Chau said.

Nam Dinh has found an investor for a project to build 1,100 social housing units.

According to the Nam Dinh City Investment and Construction Project Management Board, the Nam Dinh - My Xuan Urban Joint Venture, comprising Nam Dinh Urban Investment and Development Joint Stock Company and My Xuan Hanoi Housing Joint Stock Company, has met the requirements to implement the Bai Vien social housing project (My Xa ward).

Targets for completing social housing projects in Nam Dinh province and other localities.

The project has a total investment of over 909 billion VND, covers an area of ​​over 3 hectares, and includes the construction of 6 nine-story buildings. Upon completion, the project will offer 1,100 apartments to the market, with areas ranging from 25 to 70 square meters.

The project will be implemented in three phases. Specifically, phase 1, from 2025 to 2026, includes the construction and commissioning of blocks B and C, comprising 324 apartments. Phase 2, from 2026 to 2028, aims to complete blocks D and E, providing 304 apartments. Phase 3, from 2028 to 2030, will focus on constructing blocks A and F, with 472 apartments.

The project's operating period is 50 years. The investment procedures, bidding process for investor selection, land allocation, and construction commencement are scheduled for 2024-2025. The construction and completion of technical infrastructure components are scheduled for 2025-2030.

According to the targets for completing social housing assigned by the Prime Minister to each locality, from now until 2030, Nam Dinh province must complete 9,800 apartments. Specifically, 1,000 apartments will be completed in 2025; 324 in 2026; 1,000 in 2027; 1,504 in 2028; 1,800 in 2029; and 4,172 in 2030.

Notably, during the period 2021-2024, Nam Dinh province has not completed any social housing projects. The same situation exists in provinces such as Thai Nguyen, Ninh Binh, Tuyen Quang, and Vinh Long…

Quang Ngai is about to have a 640 billion VND social housing project.

On March 14th, the Vice Chairman of the Quang Ngai Provincial People's Committee, Tran Phuoc Hien, chaired a meeting with the delegation from the Vietnam General Confederation of Labor to discuss and agree on several issues related to the investment project for the construction of social housing for trade unions in the province.

In November 2023, the People's Committee of Son Tinh District issued a decision approving the detailed construction plan at a scale of 1/500 for the Trade Union Facilities Area in Tinh Phong Commune, with a total area of ​​approximately 4.05 hectares.

Perspective view of the Trade Union Institution Complex in Quang Ngai.

Representatives of the Vietnam General Confederation of Labor proposed that the Provincial People's Committee allocate a portion of the approved project land for the construction of social housing to meet the rental needs of workers and laborers.

The total land area is approximately 2 hectares, intended for the construction of 750 apartments, a parking garage, landscaped gardens, and technical infrastructure. The projected number of residents is around 2,500. The total estimated investment is 640 billion VND.

"If Quang Ngai province creates all favorable conditions, the project for social housing for trade unions in Tinh Phong commune is expected to start construction in October 2025. Initially, about 2 hectares will be developed, with a completion time of approximately 6-9 months," emphasized a representative of the Vietnam General Confederation of Labor.

Binh Dinh: Three more social housing projects meet the criteria to receive the 120,000 billion VND loan package.

The People's Committee of Binh Dinh province has just reported to the Ministry of Construction and the State Bank of Vietnam on the addition of 3 social housing projects in Tran Quang Dieu ward, Quy Nhon city, that meet the conditions and criteria for receiving the 120,000 billion VND credit program according to Resolution No. 33/NQ-CP dated March 11, 2023 of the Government.

Specifically, the Long Vân Social Housing Project, invested by LICOGI13 Thuan Phuoc Co., Ltd. (established from the joint venture of Saigon Thuan Phuoc Green Real Estate Joint Stock Company and Licogi13 Joint Stock Company), requires a loan of 450 billion VND. The project, approved on February 28, 2022, covers an area of ​​over 2 hectares, has a total investment of over 781 billion VND, and comprises 838 apartments.

The Phu Tai Loc social housing apartment project, invested by Binh Dinh Industrial Construction Joint Stock Company, requires a loan of 200 billion VND. The project, approved on March 15, 2023, covers an area of ​​over 0.4 hectares, has a total investment of 358 billion VND, and comprises 285 apartments.

The remaining project is the Pisico Social Housing Project, invested by Pisico Binh Dinh Corporation - Joint Stock Company, requiring a loan of 161 billion VND. The project was approved on August 16, 2021, covers an area of ​​over 0.5 hectares, has a total investment of over 263 billion VND, and comprises 321 apartments.

According to the Department of Construction of Binh Dinh province, as of February 25, 2025, only the Long Van Social Housing Project is currently under construction (ground leveling) for the three projects, with completion expected in 2026 (the initial schedule was completion in the third quarter of 2024).

The remaining two projects have been allocated land and granted land use rights certificates, and are currently completing the procedures for licensing and commencement of construction, expected to be completed in the fourth quarter of 2025.

Regarding the two social housing projects, Phu Tai Loc Apartment Complex and Long Van Social Housing, in early November 2024, Mr. Pham Anh Tuan, Chairman of the People's Committee of Binh Dinh province, conducted an on-site inspection. He then requested the investors to focus resources and expedite the completion of all necessary documents and procedures to ensure the projects are completed on schedule as approved by the competent authorities.

Ho Chi Minh City will increase incentives to support businesses participating in the renovation of old apartment buildings.

The authorities are drafting a Resolution to supplement incentive and support mechanisms for investors participating in the renovation and reconstruction of apartment buildings in the area.

During the period 2016-2020, Ho Chi Minh City renovated and repaired 237 out of 474 apartment buildings constructed before 1975, achieving a rate of 49.3%.

The proposed support includes: 50% funding for the construction of technical infrastructure within the project area, but not exceeding VND 10 billion per project; 50% funding for relocation and forced relocation according to the approved plan; and 100% funding for the appraisal fee of construction investment projects.

According to Mr. Vu Anh Dung, Deputy Head of the Urban Development Department - Ho Chi Minh City Department of Construction, the Housing Law 2023 and Government Decree No. 98/2024/ND-CP dated July 25, 2024, on the renovation and reconstruction of apartment buildings, have clearly and specifically stipulated the investment procedures and preferential mechanisms when implementing apartment building renovation and reconstruction projects.

Accordingly, the investor enjoys many preferential mechanisms such as: exemption from compensation for state-owned land, exemption from land use fees and land rent; permission to operate apartments, commercial and service areas after completing compensation and resettlement; and support from the State for relocation costs, forced relocation costs and infrastructure construction costs.

Many projects are restarting, and the real estate market is heating up day by day.

The land designated for the Dat Xanh Homes Riverside project (Thu Duc City) is regaining vitality with a rapid pace of construction. After a long period of delay, Dat Xanh Group has officially restarted the project, attracting the attention of the market in the eastern part of Ho Chi Minh City.

According to reporters, construction is underway at a high intensity. Dozens of heavy machinery and construction equipment, such as excavators and pile drills, are being used to their fullest extent. Trucks carrying soil and construction materials are constantly moving in and out of the site, creating a bustling and urgent atmosphere. Two teams of workers are constantly rotating shifts each day to ensure progress, and the construction site is almost never idle.

Reportedly, the developer plans to relaunch the project this year, with prices ranging from 110 to 120 million VND/m2. It is estimated that total revenue from the project could reach approximately 27,000 billion VND during the 2025-2027 period. The company expects to start recording revenue from 2026, marking a significant milestone in the development journey of Dat Xanh Homes Riverside.

In Binh Duong and Dong Nai provinces, Hung Thinh Group also announced plans to restart a series of large-scale real estate projects. Notably, the New Galaxy project (Di An City, Binh Duong) has resumed construction, aiming to hand over homes to customers in early 2026. Similarly, the Lavita Thuan An project, comprising four apartment blocks with over 2,400 units, is continuing construction after a period of delay.

Hung Thinh's Bien Hoa Universe Complex project in Dong Nai has officially restarted after nearly three years of stagnation. This project is expected to become one of the key landmarks in Dong Nai when completed in 2026.

Another mega-project showing signs of revival here is Aqua City by Novaland Group. After resolving planning-related issues at the end of 2024, Novaland is focusing its resources on accelerating the construction progress of previously launched phases. According to the plan, Novaland will hand over more than 1,000 townhouses and villas in 2025, and is expected to launch a new phase in July 2025.

In Long An province, the An Phu Sinh residential area (Can Giuoc district) is one of the notable projects in the local real estate market. The project was launched in 2019 and infrastructure construction began in 2021. However, due to various factors, implementation was interrupted. After a long period of inactivity, in early February 2025, An Phu Sinh Company reached a cooperation agreement with a new investor, facilitating the restart of the entire project in April 2025.

Dong Nai province is preparing to auction 37 land plots, expected to generate 21,000 billion VND.

The People's Committee of Dong Nai province has just issued Plan No. 79/KH-UBND on the auction of land use rights in 2025 in the province.

According to the plan, 37 plots of land are expected to be auctioned off in 2025.

The Long Giao industrial cluster in Cam My district, Dong Nai province, will be put up for auction in 2025.

Out of a total of 37 land plots, 17 plots, with a total area of ​​over 168 hectares, are currently eligible for auction, including several large plots such as: Long Giao Industrial Cluster (55.9 hectares); Hoa An quarry land (36.9 hectares)...

The auction is expected to involve 17 land plots, with a total value of 2,172 billion VND based on current land prices. The People's Committee of Dong Nai province has assigned the Provincial Land Fund Development Center to organize and conduct the auction.

If the auction is unsuccessful, information about subsequent auctions will be posted.

For the remaining 20 land plots, totaling nearly 680 hectares, the People's Committee of Dong Nai province has instructed relevant departments, agencies, and districts to expedite the procedures so that land use rights can be auctioned off in 2025.

The auction of these 20 land plots is expected to yield a value of 18,814 billion VND based on current land prices.

In addition, the People's Committee of Dong Nai province requested relevant departments and agencies, as well as the People's Committees of districts and cities, to focus on resolving outstanding issues in order to promptly organize auctions for the right to use 9 land plots, with a total area of ​​nearly 260,000 m2, reclaimed from businesses that no longer need to use the land or whose land leases have expired.

The land plot auctioned at 262 million VND/m2 in Ha Dong district has been fully paid for.

According to the Ha Dong District Investment and Construction Project Management Board, the deadline for paying land use fees for the auction of 27 land plots in Phu Luong, Yen Nghia, and Duong Noi wards has ended. However, only 5 plots were fully paid, including the "prime" plot 1A-03, which fetched 262 million VND/m2. The remaining four plots also had very high winning bids, ranging from 156 to 182 million VND/m2.

Map of the land auction area of ​​Dong Danh - Dong Coc, Phu Luong ward.

Meanwhile, the remaining 22 plots of land were abandoned by customers who forfeited their deposits and failed to pay land use fees after the auction results were announced.

Previously, according to sources from Baodautu.vn , the person who won the bid for the land plot at 262 million VND/m2 was a wealthy businessman who had been eyeing this piece of land since 2019.

"Plot 1A-03 in the Dong Danh - Dong Coc area, Phu Luong ward, was bought by a wealthy businessman for personal use, not for resale. Meanwhile, most of the other auctioned plots were won by 'bidders'," the source revealed.

This person further shared that many auctioned land plots in Ha Dong were initially resold by associations and groups at a markup of about 600 million VND compared to the winning bid price. However, this figure was not fixed. After initial market reactions, the markup decreased to about 200-250 million VND.

Source: https://baodautu.vn/batdongsan/nha-o-xa-hoi-la-loi-thoat-cho-doanh-nghiep-dia-oc-thi-truong-bat-dong-san-nong-len-tung-ngay-d254102.html