Located in the Mê Linh district, the project has an estimated preliminary investment of VNĐ100 trillion (US$3.78 billion) and is scheduled for phased development between 2026 and 2032.
Việt Nam is expected to launch a nationwide housing and real estate market information system on July 1 which assigns every property a unique identification code to improve market transparency, strengthen state management and curb speculation, the Ministry of Construction...
The Ministry of Construction has asked each province and city to begin construction of at least one rental housing project with budget funds in June and prepare development plans for the sector through 2030.
The 2024 Land Law has abolished the long-standing land price framework and requires local authorities to issue annual land price tables that more closely reflect market values.
The move is seen as an unprecedented attempt by Hà Nội authorities to discourage short-term speculation, reduce housing price and prioritise genuine housing demand amid skyrocketing housing prices in the capital city.
The capital has been chosen to pioneer practical and scalable rental housing models that could later be replicated in other major urban and economic hubs nationwide.
Apartment prices in HCM City continued to climb in the first quarter even as transactions fell sharply, as elevated borrowing costs and cautious sentiment weighed on demand, according to property consultancies.
