But the pace of any revival remains measured due to sluggish sales and limited improvements in consumer incomes.

HCM City has set a target of building 70,000 social housing units by 2030 to meet the rising demand for affordable housing.

The nation's capital is set to see significant growth in affordable housing, with plans to complete 19 social housing projects by the end of 2025, delivering approximately 15,540 units.

The goal is to devise urban railway planning, and transportation planning at the broader level, with a long-term strategy that minimises the need for land clearance and the impacts on the local population, security, defence, and other socio-economic aspects.

While the path to redeveloping Hà Nội’s old apartment buildings is fraught with challenges, the city remains committed to its vision.

Home loans are expected to lead banks’ consumer credit ithe context of low interest rates and a gradually recovering real estate market.

The draft resolution aims to ensure funding for the 'One Million Social Housing Units' project for low-income individuals and those who work in industrial parks in the 2021-30 period.

Just last week, the Vietnam Association of Real Estate Brokers (VARS) called for additional taxes on second properties and unused land lots, especially on apartments.

The airport will also include aviation service facilities, as well as maintenance and repair services for aviation equipment and vehicles in the northwest area of the passenger terminal, adjacent to the aircraft maintenance zone (hangar).

HCM City is subsiding by about two to five centimetres annually, doubling the rate of sea level rise.

The ministry asked relevant agencies to work closely with the investor to implement the project efficiently under the emergency directive, ensuring quality and completion by 2025, as mandated by the Prime Minister.