Affordable housing in HCM City has all but disappeared.

Improving supply and providing transparent information about property projects are the most important solutions that will help prevent speculation.

Imposing property taxes on houses is not a radical solution to build a healthy market, experts say. Taxation will make the real estate market, which is in difficulties because of legal problems and short supply, become even more deadlocked.

Inflating land prices via auctions is one of the biggest problems of the real estate market. It creates an artificial land fever in the market and deprives people of opportunities to own accommodations.

Though the winners of Thu Thiem land auctions withdrew their purchase contracts, the land market in HCM City remains hot, and the prices of some projects are escalating.

While some people support the Ministry of Finance’s (MOF) plan to tax houses, others warn that taxation is not feasible and this may bring the opposite effect.

Many large enterprises are signing M&A deals for projects that are currently on hold, and then quickly finishing construction to bring the products to market in a short time frame.

Liquidity has increased sharply over the last three trading sessions, especially since February 24, when Russia triggered the latest war with Ukraine. Cash flow is strong with liquidity of VND30 trillion each trading session.

Real estate developers are eyeing the central region, and planning to develop large projects there, according to DKRA Vietnam.

Real estate developers are spending more time preparing documents for investment and many projects are under legal examination or inspection, contributing to a housing shortage.

Investors of housing projects that lag behind schedule will be fined VND400-600 million each, according to the Government’s newly-issued regulations.

The deadline for the first round of Thu Thiem land use fee payment has expired, yet none of the four winners of the land auction on December 10, 2021 perform its duty.

Garden and agricultural land is attracting buyers because of anticipated profits during “land fever” spells.

When the State applies measures to stimulate demand and support economic recovery after a deflation period, the real estate market may become overheated if this is not controlled well, according to the Ministry of Commerce (MOC).

The development of a real estate database has not been in line with the market in Vietnam over the years.

In the first trading session of 2022, Vietnam's stock market reached a historic peak of 1,517.95 points, and trading volume of over 526 million shares, equivalent to more than 16,688 billion VND.

Buyers who postponed their apartment purchase plans as they thought prices would fall after a long period of increasing prices now say they made a mistake. The prices have increased by 10-15 percent.

In 2021, Lam Dong provincial authorities asked the Nam Da Lat Urban Area project developer to pay compensation of VND19 billion for 257 hectares of forestland.

There is much concern over recent unusual high bids at auctions held by some businesses that could possibly cause some upheaval in the real estate sector as a whole.

The luxury and mid-priced apartment segments will continue to lead the market in 2022, while affordable apartments will remain scarce.