“Vietnam’s housing crisis, though not officially acknowledged, is clearly evident in urban areas. In Hanoi, for example, the population is projected to reach nine million by 2025, with an urbanization rate of around 62%. This means the capital city’s urban population will grow from 4.1 million in 2022 to 5.6 million by 2025, or about 120,000 new households annually. Hanoi’s 2022-2025 housing development plan puts the total demand at 185,200 homes, of which 166,600 will be condos. Therefore, according to the Vietnam Association of Realtors (VARS), Hanoi will need around 46,300 new homes each year, including 41,650 condos.” – The Saigon Times
Source: A Real Estate Tax? (thesaigontimes.vn)
A Real Estate Tax?
