[REVISION HISTORY]

Vietnam real estate: market shifts and social housing push

Updated 43 times since CLSTR started tracking revisions of this situation.

What changed

2026-10-26 14:13 UTC → 2026-10-27 05:37 UTC · added ~~removed~~

The Vietnamese real estate market continues to face liquidity challenges and high interest rates. While the first half of 2026 saw an 18% drop in transactions, the third quarter saw successful transactions fall by another 8% compared to Q2. Inventory levels have risen significantly, with land plots increasing by 75.3%, apartments by 19.5%, and individual houses by 11.6%. Mortgage rates have climbed to between 14% and 16%, causing buyers to become increasingly cautious. While apartment supply in Hanoi and Ho Chi Minh City rose by 33% in the first half of 2026, absorption rates fell to 73% in Q2. In Hanoi, secondary market apartment Economist Ngô Trí Long notes a paradox where transaction volumes drop while selling prices ~~have adjusted by 10% to 20%. Real estate credit growth also slowed~~ remain high due to ~~8.6% in the first half of 2026, down from 15% the previous year.~~ elevated input costs for land, legal procedures, and infrastructure. To address the shortage of affordable housing, the government is intensifying social housing targets. ~~Ho Chi Minh City aims to develop over 181,000 units, while Quang Ninh targets 15,387 units through 2030. Although~~ In Bac Ninh, the ~~State Bank of Vietnam reported a social housing credit package of 153 trillion VND, disbursement remains slow~~ Parc Ville project is nearing completion, offering 704 apartments at approximately ~~11%. However, the social housing sector has reached approximately 91% of its target for the 1~~ 21.9 million unit project. By October 2026, the Ministry of Construction reported that 170 social housing projects were completed in the first nine months, totaling 46,497 units, or 48% of the annual goal. Strategic shifts are prioritizing rental housing in urban and industrial zones. VND per square meter. In Hanoi, authorities ~~have temporarily paused new social housing approvals to focus~~ are consulting residents on ~~resettlement housing, while some local~~ detailed planning for the Tam Hung 1 and Tam Hung 2 social housing ~~prices are approaching 30 million VND per square meter.~~ projects. To prevent speculation, the government ~~is proposing~~ has proposed amendments to the Draft Housing ~~Law~~ Law. Under these rules, buyers who have fully paid for social housing would only be permitted to ~~restrict~~ resell the property to other eligible beneficiaries or the original developer after a five-year period, with the resale price capped at the original contract price. This marks a shift from current laws that allow market-rate transfers after five years. Some experts, including Le Hoang Chau of ~~social housing~~ the Ho Chi Minh City Real Estate Association, have suggested extending this restriction period to ~~only those meeting specific eligibility criteria.~~ between seven and ten years to better balance policy integrity with citizen rights.

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