List of 11 latest projects in Hanoi for sale, regulations on the time to establish home ownership, Da Nang starts construction of the new urban area super project Thuan Phuoc worth nearly 11,500 billion VND... are the latest real estate news.
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| Real estate: Groundbreaking ceremony of CT3 building of Thang Long Green City social housing project, Hanoi, early March 2025. (Source: XD Newspaper) |
Commencement of a series of projects in 2025
According to experts, the current price of apartments is about 2 to 10 times higher than the average income of households in Hanoi. A recent report by CBRE shows that the two largest cities in Vietnam, Hanoi and Ho Chi Minh City, are both at the top of Asia, surpassing Singapore in terms of housing price difference and average income of workers.
While the desire to own an apartment in Hanoi was almost extinguished, up to now, in just the first 3 months of the year, a series of apartment projects, especially social housing projects, have been started and some places have started selling and accepting applications.
Some projects that have started construction since the end of 2024 are first mentioned as the Phu Lam Social Housing Project, Phu Lam Ward, Ha Dong District, invested by Hai Phat Investment Joint Stock Company. According to the Hanoi Department of Construction, the project is eligible to receive applications for registration to buy social housing (rented apartments for sale) after 5 years of leasing. The time to receive applications for registration to buy social housing in the Phu Lam Social Housing Project is from January 20, 2025 to March 10, 2025.
Next is the CT2A high-rise apartment project in Thach Ban Residential Area, Thach Ban Ward, Long Bien District. The project is invested by the Ministry of National Defense's Housing and Urban Development Investment Corporation with a total of 414 apartments. The Department of Construction said that the project is allowed to receive applications for social housing purchase after 5 years of leasing.
Another social housing project that is also eligible to open for sale and receive registration applications is expected to open in the fourth quarter of this year, the Ha Dinh social housing project, built on land plot NO1 of the Ha Dinh new urban area (Tan Trieu commune, Thanh Tri district).
Previously, at the end of 2024, the Ministry of National Defense's 319 Corporation started the Uy No Social Housing Project, Dong Anh District (Hanoi City), with a total investment of more than 630 billion VND. The project is built on a land area of 15,286m2, with 4 blocks of 9-storey buildings + 1 basement; a total of 466 apartments (from 40m2 to 76.7m2), expected to be completed in the fourth quarter of 2026.
Most recently, Prime Minister Pham Minh Chinh chaired a national online conference on removing difficulties and obstacles, promoting the development of social housing, directing 10 groups of important tasks and solutions, including breakthrough solutions, proposing a number of pilot mechanisms, such as: Designating contractors, building houses with mass-produced prefabricated components, cutting at least 30% of administrative procedures by 2025.
In particular, for the banking sector, Decision No. 2690/QD-NHNN has been issued stipulating the interest rates applicable to housing support loans in 2025. Accordingly, the preferential interest rate is 4.7%/year, applied to outstanding loans under the housing support program. The State Bank also simultaneously announced a list of 17 commercial banks applying preferential interest rates according to Decision No. 2690, including: BIDV, Vietcombank, VietinBank, Agribank, SHB, SeABank, TPBank, Eximbank, PVcomBank, OCB, Nam A Bank, LienVietPostBank, VietBank, NCB, VIB, VPBank, SCB.
Not only promoting the VND 145,000 billion credit package, commercial banks also strive to implement social housing loan credit packages according to the policies of the Government and the State Bank. For example, recently, ACB Bank has pioneered in announcing the "First Home" loan package for young people with a loan term of up to 30 years, the first fixed interest rate period is up to 5 years with preferential loan interest rates from only 5.5%/year.
Next, SHB Bank announced the implementation of a home loan package worth 16,000 billion VND, applicable from now until December 31, 2025, with interest rates starting from only 3.99%/year. PVcomBank has also just launched a real estate loan credit package with interest rates starting from 3.99%/year (preferential in the first three months), loan term up to 35 years... Timely policies and mechanisms will be a source of hope for workers and young households to have the opportunity to live and work in big cities like Hanoi or Ho Chi Minh City.
However, according to Ms. Do Thu Hang, Senior Director of Research and Consulting Department of Savills Hanoi, the real estate market still has many new projects and supplies, contributing to changing the structure of existing products towards a more balanced product line. Because once the market has more choices, the land price list is clear, the price level will be adjusted to a reasonable level, true to the real value. This will ensure the sustainable development of the real estate market in the near future.
Mr. Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokers Association, commented that the emergence of many low-cost social housing projects will bring apartment prices down to a level more suitable for people with real housing needs. The “cooling down” of apartment prices will help people with average incomes have the opportunity to buy a house.
Latest list of 11 projects in Hanoi open for sale
In the list updated by the Hanoi Department of Construction this time, most of the above apartment projects are located in the two urban areas of Ocean Park and Smart City. Of which, the Z34, U38 and U38A apartments on lot B6-CT01 in Ocean Park 1 (Gia Lam) are the projects with the largest number of units for sale, with 2,461 units.
Apartment buildings U26A, T26M, Z30 on land lot B4-CT01 (Gia Lam) developed by CapitaLand also at Ocean Park are eligible to open for sale more than 1,700 apartments this time.
With low-rise houses, out of 6 projects, there are 2 projects with new supply of over 2,000 units, all located in the West of Hanoi.
STT | Project | Investor | Location | Quantity | Type |
1 | Apartment buildings Z38.1, Z38.2, Z38M.1 belong to land lot F3-CH04 of the Tay Mo-Dai Mo-Vinhomes Park New Urban Area project | HBI Joint Stock Company | Tay Mo Ward, Nam Tu Liem District | 1,836 | Apartment |
2 | Apartment buildings Z34, U38 and U38A belong to lot B6-CT01 of Gia Lam Urban Area project | Viet An Investment, Business and Trade Development Company Limited | Trau Quy town and communes of Duong Xa, Kieu Ky, Da Ton, Gia Lam district | 2,461 | Apartment |
3 | Apartment buildings U37A, U38A belong to lot B6-CT02 and U37 belongs to lot B6-CT03 of Gia Lam Urban Area project | Binh Minh Business Development Investment Joint Stock Company | Trau Quy town and communes of Duong Xa, Kieu Ky, Da Ton, Gia Lam district | 2,176 | Apartment |
4 | Planning land plot number 19 - Urban area project South of Ring Road 3 (The Manor Central Park) | Bitexco Joint Stock Company | Thanh Liet Commune, Thanh Tri District | 36 | Low rise |
5 | Investment project to build New Life Urban Area – Sunshine Grand Capital | DIA Investment Joint Stock Company | Tan Lap and Tan Hoi communes, Dan Phuong district and Duc Thuong and Duc Giang communes, Hoai Duc district | 2.301 | Low rise |
6 | Apartment building U26A, T26M, Z30 belongs to lot B4-CT01 of Gia Lam Urban Area project | SV Real Estate Investment Development and Business Joint Stock Company | Trau Quy town, Duong Xa, Kieu Ky, Da Ton communes, Gia Lam district | 1,733 | Apartment |
7 | Mixed-use office, commercial and residential project (with regional parking lot) at land lot TTDV03 in An Hung new urban area | An Hung Urban Investment Joint Stock Company | An Hung New Urban Area, Ha Dong District | 592 | Apartment |
8 | Investment project to build low-rise housing for sale at plots A4/TT1 in planning plot C12 and plots A7/TT2 in planning plot C13 | Thu Duc Infrastructure Development Investment Joint Stock Company | Viet Hung Ward, Phuc Dong Ward, Long Bien District | 172 | Low rise |
9 | Low-rise housing area in plots TT-01 to TT-19, CX-01 to CX-04 of Nam Thang Long Urban Area project phase II | Nam Thang Long Urban Development Company Limited | Dong Ngac Ward, Bac Tu Liem District and Phu Thuong Ward, Tay Ho District | 234 | Low rise |
10 | Low-rise plots of areas A, B, C, D, E, F of the Urban Functional Area Project - Green City | Vingroup Corporation – Joint Stock Company | Tan Hoi commune, Lien Trung commune, Tan Lap commune, Lien Ha commune, Dan Phuong district | 2,279 | Low rise |
11 | Low-rise housing area in plots TT-20 to TT-37, CX-05 of Nam Thang Long Urban Area project phase II | Nam Thang Long Urban Development Company Limited | Phu Thuong ward, Tay Ho district | 175 | Low rise |
Specifically, the new life urban area - Sunshine Grand Capital is located in Tan Lap, Tan Hoi communes, Dan Phuong district and Duc Thuong, Duc Giang, Hoai Duc district with about 2,300 apartments.
Vingroup's Green City urban functional area with 2,279 apartments. The project is located in 4 communes of Tan Hoi, Tan Lap, Lien Ha and Lien Trung in Dan Phuong, and was launched by the investor on March 10.
In this approval round, low-cost housing projects continue to be absent.
After a period of shortage of supply in the Hanoi apartment market, many research units forecast that supply will increase sharply in the next few years. In fact, many projects also have plans to "launch" to take advantage of the market's recovery opportunity.
Da Nang starts construction of new urban area super project Thuan Phuoc
On the morning of March 21 in Da Nang, Thuan Phuoc Bay Urban Investment Joint Stock Company started construction of the new Thuan Phuoc urban area project, with a scale of 976,475m2 and a total estimated capital of more than 11,493 billion VND.
The project is planned synchronously with full public facilities serving residents such as school system, hospital, medical center, multi-purpose sports area. The highlight is the internal park system designed according to international standards, with green parks, flower gardens, children's playground and central square.
In addition, the 16.5-hectare theme park - an international-class entertainment center, is inspired by the legend of "whale worship" - a typical symbol of the marine culture of the Central region.
According to the development orientation, Thuan Phuoc urban area is one of the key areas in the north of Son Tra Peninsula - where the potential converges to become a new center of Da Nang city.
Regulations on the time of establishing home ownership
How is the time of establishing home ownership determined?
Article 12 of the 2023 Housing Law stipulates the time of establishing home ownership as follows:
1. In case of direct investment in housing construction, the time of establishing housing ownership is the time of completion of housing construction according to the provisions of law on construction.
2. In case of purchase, sale or hire-purchase of housing that is not covered by Clause 4 of this Article, the time of establishing house ownership is the time when the buyer or hire-purchaser has fully paid the purchase price or hire-purchase price and has received the house, unless the parties have another agreement.
3. In case of capital contribution, donation or exchange of housing, the time of establishing housing ownership is the time when the capital contribution recipient, the donation recipient or the exchange recipient has received the house from the capital contributor, the donor or the house exchanger, unless the parties have another agreement.
4. In case of purchase, sale or hire-purchase of housing between the investor of a housing construction investment project and the buyer or hire-purchaser, the time of establishing house ownership rights shall be implemented in accordance with the provisions of the law on real estate business.
5. In case of house inheritance, the time of establishing house ownership is implemented according to the provisions of civil law.
6. Other cases shall be implemented in accordance with relevant laws.
7. Housing transactions specified in Clauses 2, 3 and 4 of this Article must comply with the conditions on housing transactions and the contract must be valid according to the provisions of this Law.
Thus, the time of establishing home ownership is stipulated as above.
Source: https://baoquocte.vn/bat-dong-san-diem-danh-11-du-an-o-ha-noi-mo-ban-moi-nhat-nha-gia-re-van-tiep-tuc-vang-bong-khoi-cong-khu-do-thi-moi-tai-da-nang-308421.html
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