On 8 January 2026, the Ho Chi Minh City (HCMC) Department of Construction reported that, from 2020 to mid-2024, HCMC’s real estate sector experienced negative growth that exceeded more than 15% at certain points. However, through the coordinated efforts of the municipal authorities and the business community, the rate of contraction was gradually reduced, allowing the market to recover and regain balance. By the end of 2024, real estate activities had returned to positive growth, and in 2025 the market maintained its upward trajectory, recording a growth rate of 3.06%. In addition, key legislation related to the real estate sector, including the 2023 Law on Real Estate Business, the 2023 Housing Law, and the 2024 Land Law, which came into effect on 1 August 2024, have significantly contributed to strengthening the legal framework and removing major obstacles for enterprises and real estate projects.
Throughout 2025 and early 2026, HCMC implemented a range of measures to address land-related bottlenecks, mobilise resources for the market, and revive stalled real estate projects. Notably, the city promulgated a new land price framework effective from 1 January 2026 and fully utilised special mechanisms under the amended Resolution No. 98 to resolve issues related to Build-Transfer (BT) projects as well as to pilot the conversion of land use for commercial housing development. Up to the present, HCMC has approved pilot commercial housing development for 96 projects and is reviewing an additional 25 projects. Regarding social housing, the city has proactively prepared land reserves and completed preferential procedures to attract investment, setting a target of developing 28,500 social housing units by 2026. Prior to 19 January 2026, the city plans to commence construction of three social housing projects, comprising a total of 5,568 units.
Moreover, the HCMC People’s Committee has also established a Special Task Force and consolidated the Steering Committee on Housing Policy and the Real Estate Market to review and resolve difficulties faced by construction works and projects. Problematic projects have been categorised and assigned to relevant departments and agencies for resolution. As a result, 80 backlog projects have been addressed, including five projects under the authority of the Prime Minister.
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References: 1. Tuoi Tre, 8 January 2026
2. Bao Dau Tu, 8 January 2026
https://baodautu.vn/tphcm-da-thao-go-80-du-an-ton-dong-thi-truong-bat-dong-san-tang-nhe-d486282.html
