Data from Savills showed that apartments priced at 4 billion VND (160,950 USD) or more accounted for 70% of the number of those sold in the first nine months of 2024, a sharp increase from 2% in 2020.

The State Bank of Vietnam (SBV) will step up the information work to further popularise the social housing loan package among the public given its sluggish disbursement, SBV Governor Nguyen Thi Hong said at a question and answer session of the 15th National Assembly in Hanoi on November 6.

Impact of COVID-19 pandemic and the rising cost of investment has led to sharp decline in the profitability of rental apartments and shophouses.

The new launch of condominiums in the second quarter of this year (Q2) nearly tripled that of the previous quarter, showing recovery of sales activities, according to CBRE Vietnam's quarterly report on the Hanoi market released at a recent online press conference.

Some 50,000 apartments will soon be available for Vietnamese workers at industrial clusters at a starting price of 150 million VND (6,400 USD) apiece, according to the Vietnam General Confederation of Labour (VGCL).

More than 1,000 affordable apartments will be built for industrial park workers at a complex in the Mekong Delta province of Tien Giang, according to Chairman of the provincial Federation of Labour Truong Van Hien.