Real estate transactions fall on tightened property loan control

As the State Bank of Vietnam has tightened the control over real estate loans to ensure sustainable development of the market and safety of the banking sector, property transactions have fallen down in both Hanoi and Ho Chi Minh City in the first six months of the year, experts said at a recent meeting in Hanoi.

real estate transactions fall on tightened property loan control hinh 0
A view of the Phu My Hung residential area in District 7, HCM City (Photo: VNA)

Nearly 13,000 housing products were rolled out in the Hanoi market during January-June, as compared to 8,899 in total number of successful transactions, accounting for 76.05 percent and 68.9 percent of the amount the same time last year, respectively.

However, the capital real estate market experienced a good absorption rate of 68.6 percent, particularly housing products were sold fast in the second quarter as the absorption rate reached 84.7 percent. 

Ho Chi Minh City had the same trend when it saw a fall in both housing supply and transactions in the period.

More than 10,700 products were put up for sale, making up only 39.1 percent of the amount offered in the first half of last year. Meanwhile, 8,560 units were transacted, or 46.8 percent of the same time last year.

The country’s largest property market also had a high absorption rate of 79.9 percent.

Other localities with strong realty market development in recent time like Da Nang city, Nha Trang city, Quang Ninh province, Binh Duong province and Dong Nai province also saw a fall in both supply and number of transactions. This was due to the fact that local authorities and credit institutions enhanced supervision over property projects and lending for them.

According to Nguyen Van Dinh, Chairman of the Vietnam Real Estate Brokerage Association, the real estate prices increased slightly in the six-month period; however, the market was still stable, and there was no sign of housing bubble.

Land lots were the most attractive product in the period, sold at stable prices, he said, adding that Hoa Binh, Yen Bai, Binh Dinh, Phu Yen and Binh Thuan arouse as emerging markets. 

Dinh said that housing supply and transactions in the second half will surge dramatically in the Hanoi market. Housing prices is predicted to fluctuate under 5 percent, and the absorption rate will remain high as well. 

The Ho Chi Minh City property market is promising during July-December as local policy is expected to boost both supply and transactions. Houses will be on good sale, however, at high prices, he added.

Regaring the condotel segment, Dinh said most of the products offered in the first half were developed in 2018, and the absorption rate was only 25.02 percent. 

The segment has not been well developed due to limitation in new projects, a lack in favourable policies, and shortage of customers’ confidence. 

“Unfavourable policies and unsound management and operation of condodels have made investors feel unsecured. Most of them have invested in projects developed by prestigious and experienced companies”, he said.

VNA

Other News

SBV raises short-term capital lending cap to 40%

SBV raises short-term capital lending cap to 40%

The new circular will help credit institutions have more room to provide capital to businesses and investment projects to support high economic growth in the next few years, while increasing flexibility in the SBV’s monetary policy management.

Business confidence in Vietnam rebounds strongly: UOB

Business confidence in Vietnam rebounds strongly: UOB

The study found that 85% of Vietnamese enterprises reported positive business sentiment, a sharp increase from 48% in 2025, when business confidence was weighed down by uncertainties surrounding US tariff policies and related trade developments.

Bac Ninh seeks high-quality foreign investment for sustainable growth

Bac Ninh seeks high-quality foreign investment for sustainable growth

According to Vice Chairman of the provincial People’s Committee Pham Van Thinh, the province aims to maintain stable and sustainable growth, improve the competitiveness of both the economy and local businesses, and make better use of free trade agreements (FTAs) to expand and diversify export markets.

Green building trend flourishes in Ho Chi Minh City's real estate landscape

Green building trend flourishes in Ho Chi Minh City's real estate landscape

The International Finance Corporation (IFC) highlighted the city's dominance in green-certified building floor space in Vietnam, reflecting the rapid expansion of the green building market with 780 completed green buildings encompassing over 18.69 million sq.m by 2025, predominantly certified by EDGE and LEED.

UK supports Vietnam in wind power and green finance development

UK supports Vietnam in wind power and green finance development

The United Kingdom officially announced two new climate cooperation initiatives to support Vietnam in its energy transition and green growth journey. These programs focus on offshore wind power development and the creation of a sustainable green financial ecosystem.

Ample room remains for Vietnam–India logistics cooperation

Ample room remains for Vietnam–India logistics cooperation

The GTTCI expert noted that alongside logistics and integrated warehousing, e-commerce is expected to be a particularly high-growth sector in the coming years. He described it as a multi-billion-dollar market with significant untapped opportunities for cooperation between Vietnam and India.

Exports gain momentum from high-tech growth drivers

Exports gain momentum from high-tech growth drivers

According to the Ministry of Industry and Trade, Vietnam’s exports reached 215.66 billion USD in the first five months of 2026, up 19.5% year-on-year. Twenty-six export items generated more than 1 billion USD in revenue each, including seven with turnover exceeding 10 billion USD.

Vietnam–China crossings see spike in ASEAN fresh produce

Vietnam–China crossings see spike in ASEAN fresh produce

Since the start of the summer harvest season, China's two major border gates with Vietnam, Youyi Guan in Pingxiang and Beilun 2 Bridge in Dongxing, have entered their peak period for handling imports of fresh agricultural and seafood products from member states of the Association of Southeast Asian Nations (ASEAN).

Cargo handling operations at Berths 3 and 4 of the Hai Phong International Gateway Port. (Photo: VNA)

AI reshapes logistics, raising bar for workforce skills

According to the Vietnam Logistics Business Association (VLA), the logistics sector will require around 2.2 million workers by 2030, including 1.6 million employees for logistics service providers and nearly 600,000 personnel supporting logistics operations in manufacturing and trading enterprises.

Robust dispute resolution framework key to Vietnam's IFC ambitions

Robust dispute resolution framework key to Vietnam's IFC ambitions

The development strategy for VIFC-HCMC envisions a comprehensive financial ecosystem encompassing green finance, carbon credits, financial technology (fintech), blockchain technology, digital assets, digital banking and other innovative business models. These highly internationalised sectors involve complex cross-border transactions and sophisticated legal structures.