Prime Minister Pham Minh Chinh has pressed for answers on why apartment prices remain persistently high and ordered clarification on whether real estate market manipulation, including hoarding, price rigging, and speculative practices, has occurred.

Vietnam's property market is set to rebound strongly in 2025, driven by improved investor confidence, lower borrowing costs, and heightened transaction activity across key segments.

The demand for housing from foreigners is anticipated to continue, driving an existing upward trajectory in Hanoi, signalling a positive development for the domestic real estate market.

VOV.VN - The real estate market is showing positive changes, albeit at a slow pace. However, the dual challenges of the market segment structure and price manipulation must be addressed to ensure sustainable growth.

Vietnam’s residential property market has captured the attention of High-Net-Worth Individuals (HNWIs) and investors, driven by strong GDP growth, urbanisation, and its strategic role in the “China+1” strategy, according to Knight Frank’s report.

Vietnam's industrial sector is experiencing significant transformation, supported by strong foreign direct investment (FDI) flows, large-scale infrastructure projects, and a favourable regulatory environment, thus attracting a new wave of investment from foreign investors, experts have said.

The real estate market in Ho Chi Minh City has witnessed positive changes over the past nine months.

The mid-range segment accounts for 98% of the total supply of apartments in Hanoi, while the high-end segment constitutes a mere 2%, CEO of Indochina Capital Michael Paul Piro told a press briefing in Hanoi on September 23.

Real estate revenue in Ho Chi Minh City reached VND173 trillion (over US$7 billion) in the first eight months of the year, up 6.1% year-on-year, according to the HCM City Statistics Office.

The Hanoi real estate market in the first half of this year saw increases in villa and townhouse prices, although the market was still slow, according to a Savills report into the housing market in the capital released on July 11.