Vietnam real estate market reshaped by planning, infrastructure and upcoming property tax

Urban planning and new infrastructure are becoming the main drivers of Vietnam's real estate market. According to Nguyen Quoc Anh, deputy general director of Batdongsan.com.vn, 96% of surveyed buyers say planning influences their transaction decisions. In Hanoi, projects such as the completion of ring roads 1, 2.5 and 3.5, the launch of five metro lines from 2030 and the development of multiple new urban centers are expected to shift demand. Ho Chi Minh City is advancing a strategic network that includes Long Thanh airport, the Can Gio‑Cai Mep port complex, ring roads 3 and 4, inter‑regional highways and an east‑west metro corridor.

The market is also moving toward greater transparency, with new data standards, broker certification and transaction databases. Analysts note a growing segmentation: apartments remain strong due to genuine housing needs, while land and speculative assets show signs of slowing. A property tax is projected to be introduced within the next two to three years, initially targeting vacant or abandoned properties. Officials suggest a gradual rollout, starting at 2‑3% and increasing incrementally to avoid market shock.