Real estate market: Supply expected to “boom” soon

A series of real estate projects across the province have recently begun construction, groundbreaking, or restarted after a long hiatus. This development signals an impending “boom” in housing and land supply, opening up more opportunities for residents seeking homes.

Construction of a commercial real estate project in Bien Hoa ward. Photo: Hoang Loc

This positive outcome results from the government’s concerted efforts to remove obstacles, alongside new flexible policies issued and implemented by the province in recent months.

In response to this situation, the Politburo, the National Assembly, the Government, and relevant ministries introduced multiple policy solutions. Notably, new versions of the Land Law, Housing Law, and Real Estate Business Law were passed, along with resolutions piloting commercial housing projects and special mechanisms for social housing development. These include the Project on building one million social housing units for low-income earners for 2021–2030 period.

In the 2021-2030 period, Dong Nai province has been assigned a target of developing more than 66,700 social housing units during 2021–2030. However, by the end of 2024, only around 2,000 units had been completed, still modest compared with the set target and actual demand. Entering 2025, dozens of projects have commenced or restarted, signaling new prospects for the province’s housing welfare program. The Provincial Party Committee (PPC) has directed the Party Committee of the Provincial People’s Committee to strive to launch about 18 additional social housing projects by the end of the first quarter of 2026 to boost supply and stabilize the real estate market.

Member of the PPC, Vice Chairman of the Dong Nai People’s Committee Ho Van Ha.

In Dong Nai, the PPC, the People’s Council, and the People’s Committee have concretized these national policies through a series of local measures. The province has reviewed and adjusted planning documents to resolve legal obstacles for projects; promoted administrative reforms to shorten timelines and procedures; directed localities to accelerate site clearance and compensation; and coordinated with central task forces to address bottlenecks in key real estate projects. Meanwhile, new regulatory provisions have been swiftly applied to several projects to facilitate early construction and restart progress.

According to Deputy Secretary of the PPC and Chairman of the People’s Committee Vo Tan Duc, in 2022, more than 180 real estate projects in the former Dong Nai area were stalled at various stages due to issues with legal procedures, site clearance, and investment licensing. Thanks to new policies and joint efforts between central and local authorities, many of these projects have now shown positive progress, some have resumed and even been completed. This outcome not only helps unlock land resources and revive the economy but also expands housing supply for the market.

A commercial real estate project in Long Thanh commune. Photo: Hoang Loc

According to Novaland Group, Dong Nai’s real estate market is “warming up” again, thanks to several converging factors. The Long Thanh International Airport project is expected to be basically completed by the end of 2025, coinciding with the technical completion of the Bien Hoa–Vung Tau Expressway, segments of Ho Chi Minh City’s Ring Road No.3, and Huong Lo 2 project. Particularly, after a meeting between the leaders of Ho Chi Minh City and Dong Nai, both sides agreed to jointly invest in eight new bridge and road projects. These developments, coupled with the positive effects of newly enacted policies and ongoing legal reforms, have created strong momentum for the local real estate market.

“The real estate market is now entering a positive adjustment phase. The resumption of projects not only signals a ‘thaw’ but also reflects investor confidence in the province’s development direction and potential,” a Novaland representative said.

Within this recovery picture, the social housing segment stands out as a bright spot. Among more than 10 projects launched or restarted in the third quarter of 2025, Kim Oanh Group is responsible for four, comprising over 7,500 apartments located in Nhon Trach, Trang Bom communes and Ho Nai ward.

Dang Thi Kim Oanh, Chairwoman and CEO of Kim Oanh Group, shared that Dong Nai and Ho Chi Minh City are the two key markets where the group is implementing projects. The four new projects launched in Dong Nai within two months are clear proof of this commitment. According to Oanh, once completed, these projects will help increase housing supply, ease the market’s “housing thirst,” and demonstrate the company’s social responsibility.

Nguyen Anh Tuan, Director of the Department of Construction (DoC), assessed that the provincial real estate market shows many positive signs. Many projects have begun accepting applications and met conditions to sell housing units under construction. The DoC, given its assigned responsibilities, has advised the Provincial People’s Committee to adjust the Provincial Housing Development Program for 2021–2030; introduced simplified procedures for housing projects under special pilot policies; and proposed housing initiatives for civil servants and officials following the province’s merger.

To maintain the recovery momentum and move toward a safe, transparent, and sustainable real estate market, the province continues to review and publicize planning and project information for easier public access; accelerate the completion of urban and regional connectivity infrastructure, particularly strategic transport projects; and strengthen measures against speculation, ensuring stable market development that serves social welfare and long-term growth goals.

By Hoang Loc – Translated by M.Nguyet, Thu Ha